Can investor protection funds shield victims of Jane Street scam?
Synopsis Earlier this month, the Securities and Exchange Board of India (Sebi) ordered the impounding of INR4,843 crore from US-based high-frequency trading firm Jane Street. The market regulator alleges that the firm manipulated index prices across 21 expiry sessions between August 2023 and May 2025, earning unlawful gains in the process. Over the years, Sebi