JPMorgan Sensex Manipulation Probe: What SEBI Action Means for Crypto Traders

• SEBI bars JPMorgan’s Copthall and Mansi over alleged Sensex closing auction manipulation on August 13.
• SEBI says 99% of institutional trading profits are from algorithmic trades, as heavy orders moved the index.
• Both firms have been barred from trading and given 21 days to respond as the SEBI probe continues.

India’s market regulator, the Securities and Exchange Board of India (SEBI), has officially barred JPMorgan Chase & Co.-owned entity Copthall Mauritius Investment and a domestic firm, Mansi Share and Stock Broking Pvt Ltd from accessing the securities market. The action follows alleged manipulation of the Sensex closing price during the Closing Auction Session (CAS) on August 13, an expiry day for Sensex derivatives. SEBI has also impounded ₹3.68 crore in alleged wrongful gains from the two entities.

SEBI Bars JPMorgan’s Copthall and Mansi Over Alleged…

Read The Full Article JPMorgan Sensex Manipulation Probe: What SEBI Action Means for Crypto Traders On Coin Edition.