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Market Chatter: JPMorgan Chase Unit Resumes India Trading After Alleged Index Manipulation

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JPMorgan Chase's (JPM) Copthall Mauritius Investment had its India trading ban lifted after depositing 29.6 million rupees ($311,230) to comply with a Securities and Exchange Board of India order, Bloomberg reported Wednesday, citing people familiar with the matter.

Copthall and Mansi Share were accused by SEBI of manipulating Bombay Stock Exchange closing-auction trades to benefit their Sensex options positions, according to the report.

SEBI's probe will continue, with a confirmatory order expected after reviewing the entities' responses and holding hearings, Bloomberg added.

JPMorgan Chase did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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