SEBI has temporarily barred Jane Street from the Indian stock market and impounded ₹4,840 crore for alleged index manipulation, raising concerns about retail traders' vulnerabilities in derivatives trading.

Speaking with reporters over the interim order against the New York-based hedge fund manager, Tuhin Kanta Pandey said surveillance has been increased both by the regulator and also at the exchange level.

Here's a simple breakdown of the what, why, and how of the Jane Street saga. The case finally reached the regulator SEBI on July 3, resulting in a ban on the Wa