The Congress on Tuesday hit SEBI and the government for “” “” “not to take time off against the US Elgorithm Trading firm Jane Street.Stock market manipulation,
Social media department’s Congress chief Supriya Shrinet said that Jane Street had admitted to an American court in 2024, he earned $ 1 billion in India in 2023 by exploiting “disabilities” from the Indian option market. “By 2024, the amount increased to $ 2.3 billion, which was 11.2% of all the money made worldwide. But SEBI did not take action on this information, it was only in February 2025 that Sebi issued a mild warning, warned Jen Street a vigilant letter, warning against its suspected trading pattern.
Criticizing SEBI, he said that “the report suggests that 93% of retail investors lost money in derivative trading between FY2021 and FY2024.” “In FY2024 alone, 91.1% traders lost Rs 52,400 crore,” he said. He said that instead of protecting small investors, SEBI turned blindly for “large -scale fraud activities”.
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