SEBI has barred US-based Jane Street Group from participating in the Indian stock market and ordered it to disgorge unlawful gains of ₹4,843 crore for allegedly manipulating stock indices through derivative positions.

Speaking with reporters over the interim order against the New York-based hedge fund manager, Tuhin Kanta Pandey said surveillance has been increased both by the regulator and also at the exchange level.

Here's a simple breakdown of the what, why, and how of the Jane Street saga. The case finally reached the regulator SEBI on July 3, resulting in a ban on the Wa