The Lok Sabha on Monday accused the opposition leader Rahul Gandhi of making the central government rich rich and pushing ordinary investors on the verge of being silent by big players in the futures and options (F&O) market.
Gandhi said that he had predicted flaws in the F&O market.
“I clearly said in 2024 – the F&O market has become a playground for ‘big players’, and the pockets of small investors are constantly drought,” he said.
“Now SEBI is accepting himself Jane Street manipulated for thousands of crores of rupeesWhy did SEBI remain silent for so long? With whose talks Modi government was sitting? And how many big sharks are still shortening retail investors? In every case, it is clear – the Modi government is making rich rich and ruining ordinary investors, ”Gandhi said in a post on X.
He tagged the post of September 24, 2024, stating: “Uncontrolled F&O trading has increased by 45x in 5 years. 90% of small investors have lost Rs 1.8 lakh crore in three years.”

“SEBI should reveal the names of the so -called ‘big players’ to kill at his expense,” he said.
Reacting to Gandhi’s post, the BJP accused the Congress MP of “pedaling fear and misinformation” about the stock market. BJP IT department chief Amit Malviya said that SEBI took a lot of action to ban a global unit, “who is trying to sensationalize Gandhi”, is clear evidence that strong regulatory action is being taken to protect small investors.
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If SEBI was silent, as Gandhi claims, there will be no investigation, no restriction, and no title; His entire charge fell there, Malavia said.
Congress media and publicity head Pawan Khera alleged corruption in the market and said that SEBI had to answer a lot of questions.
On Thursday, SEBI ordered an impulse of `4,843.57 crore ‘4,843.57 crore by Jane Street through manipulation trading. The market regulator also banned the firm from being engaged in any securities transactions until the recovery of alleged illegal benefits is met.
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