Stocks
SEBI Steps Up Scrutiny on Wall Street Firms
India's Securities and Exchange Board is stepping up scrutiny of Wall Street traders, targeting prominent foreign players like JPMorgan Chase & Co.
The regulator has accused a Mauritius-based unit of JPMorgan of executing manipulative stock trades. This move comes after SEBI accused Jane Street of market manipulation last year, an allegation that the US financial giant denied.
The $5 trillion Indian stock market is under increased scrutiny as regulators aim to protect investors and maintain market integrity. The recent actions suggest a more aggressive approach by SEBI in targeting foreign firms.