Stories
SEBI tells SAT Jane Street document requests are not a short list
M
Moneycontrol•07-10-2026, 16:17
SEBI tells SAT Jane Street document requests are not a short list
- •SEBI informed the Securities Appellate Tribunal that documents sought by Jane Street Group do not constitute a short list and involve extensive records.
- •Senior Advocate Gaurav Joshi stated that SEBI has shared all reliance documents and will not provide counterparty data.
- •The ongoing dispute before SAT involves SEBI allegations that Jane Street manipulated the Bank Nifty index.
- •SEBI previously directed Jane Street to deposit unlawful gains of Rs 4843.57 crore, which the firm deposited while denying allegations.
- •The tribunal has instructed SEBI to systematically identify documents legally not required to be shared, with hearings set to continue.
Key Questions Answered
SEBI stated that the documents requested by Jane Street do not constitute a 'short list' and that the trading firm is actually seeking access to a much larger set of records spanning tens of thousands of pages.
SEBI argued that it is not bound to provide counterparty information relating to trades where the regulator has not relied upon such information in its case.
Jane Street is challenging SEBI's allegations and interim order from July 3, 2025, which accused the firm of manipulating the Bank Nifty index and directed it to deposit around Rs 4,843.57 crore.
