Jane Street hits back at Sebi’s allegations, says ‘regulator changed the goal posts’

What happened: Jane Street told a tribunal that Sebi changed the goal posts in its case against the firm. Counsel Khambata said Jane Street deposited the money Sebi sought without a hearing and stopped trading in the country. Key numbers: Sebi received 42 complaints in the matter, Khambata said. He said the deposit order was the largest of its kind issued by Sebi. Why it matters: Khambata argued largeness of trading does not mean manipulation and asked why Sebi is scared of large trading. He said the order had civil consequences and that a fair hearing is a constitutional right.

Jane Street disputes Sebi's allegations, claiming the regulator changed the goal posts.

Jane Street disputes Sebi's allegations, claiming the regulator changed the goal posts. — impact context not separately stored; see What changed.