India's securities regulator barred JPMorgan's Mauritius-based unit for allegedly exploiting the auction-based share price discovery system, impounding $386,000 in wrongful gains.
SEBI has also impounded $386,000 as wrongful gains made by the JPMorgan unit
Aug 20, 2026
10:26 am
What's the storyThe Securities and Exchange Board of India (SEBI) has banned a Mauritius-based unit of JPMorgan Chase & Co. from the capital market.
The ban comes over allegations of market manipulation in India's newly introduced auction-based system for share price discovery.
India's SEBI bans JPMorgan's Mauritius unit for market manipulation, seizing 37 million rupees in wrongful gains.
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JPMorgan entity barred in India for auction manipulation
