Nithin Kamath, CEO and co-founder of Zerodha, praised the Securities and Exchange Board of India (SEBI) for taking action against US trading firm Jane Street over alleged stock market manipulation, through which the firm reportedly made over ₹36,500 crore in gains.
The 45-year-old entrepreneur described Jane Street’s alleged actions as “blatant market manipulation” and expressed surprise that such practices continued despite multiple warnings from the exchanges.
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