How did Jane Street Saga’s roots hurt retail investors in the Sebi era of Madhabi Puri Buch? Explanation of Mayank Bansal for a hedge fund in the UAE
After the recent Jane Street fiasco, Sebi’s president has made its debut and rocked Dalal Street with the reign of Sebi’s president, Zee Business Editorialding Editor Anil Singhvi noted that market regulators have conducted the largest scrutiny of U.S.-based entities. So, as Jane Street continues to make huge gains through illegal transactions over the years, it is a quick drop in the way that retail investors should take to keep these entities manipulated by these massive markets. But in advance, here is a brief introduction to Jianjie’s crushing defeat.
In Converstation with Market Guru Singhvi, whistleblower Mayank Bansal, president of the UAE hedge, warned Sebi that Sebi was involved in unusual problems faced especially when trading options.
Also Read: Buch-led Sebi’s Errors and Loopies: Jane Street Scandal Discovery Better than Eyes
What has the Jianjie crisis hurt D Street?
Jane Street is in trouble in India after market regulator SEBI banned the company due to its trade manipulation strategy, allegedly leading to illegal profits in the Indian stock market.
The company is dominant in the global market and is known for its high-frequency trading strategies, and has participated in active trading in the futures market, not only bringing them high profits, but also wasting the market itself.
These industries are carefully planned in a way that affects prices to help them achieve enough profits.
The beginning of a decoding failure
Bansal said the entire legend of manipulation began in July 2023 and through July 2024 – without a doubt, it is certain that a large institution is trying to deliberately manipulate the market.
Experts pointed out IV or suggestive volatility, which is one of the indicators in the option segment.
In addition, market participants said he is waiting for automatic correction, i.e., monitoring measures from NSE or BSE, to identify the operation by himself. He added that as the scale of the manipulation peaked in December 2024, no review was conducted by then, Bansal wrote a letter to Sebi. Meanwhile, all Sebi Ananth Narayan of Sebi received a timely response.
After that, Narayan decided to perform the same speech at BKC Bhawan, Sebi in January 2025.
Does Jianjie’s fine prove that the fraud is justified?
Bansal said a fine of Rs 48 billion was imposed on the entity, and so far the SEBI fine was deprived of 21 days of manipulation for only 21 days in Nifty’s 21 days, while Nifty Trade had three times. And if we have completed 500 trading days since July 2023.
Experts added that during this period of two years, Jane Street achieved a profit figure of Rs 365 billion through its illegal practices.
He pointed out that all profits are earned by operations, and expert reasons support the analysis. Importantly, NSE alone has achieved this profit figure, which BSE has not analyzed yet. So, just as he believes that the amount of over Rs 365 billion was illegally obtained, this is a big blow to D Street and various stakeholders including retail investors.
Jane Street alone earned Rs 225,000 crore profits over merger fraud by Nirav Modi, Ketan Parekh and Vijay Mallya
Experts continued that in 2024 alone, the agency achieved this profit higher than the frauds by Nirav Modi, Vijay Mallya and Ketan Parekh.
