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.
“You’ve got to hand it to SEBI for going after Jane Street. If the allegations are true, it’s blatant market manipulation. The shocking part? They kept at it even after receiving warnings from the exchanges,” said Nithin Kamath in a social media post on X on Friday, July 4.
