Current Affairs - Finance - Discussion

JPMorgan’s Mauritius-based unit, Copthall Mauritius Investment Ltd, had its trading ban lifted by the Securities and Exchange Board of India (SEBI) after depositing ₹2.96 crore in compliance with the regulator’s interim order. SEBI had alleged that Copthall and Mansi Share and Stock Broking engaged in manipulative trading activity related to the closing auction of the BSE Sensex. The alleged activity was intended to influence the indicative equilibrium price and benefit from benchmark-based options. Although the restrictions were removed and the entities could resume trading in India, SEBI’s investigation continues. Copthall Mauritius Investment Ltd is a Mauritius-registered company and is distinct from J.P. Morgan India Pvt. Ltd.