SEBI Bars JPMorgan Entity Over Manipulation

India's market regulator barred a JPMorgan Chase & Co. unit from the securities market late Wednesday over alleged trade manipulation, generating 29.6 million rupees ($309,607) in illicit gains. The interim order targets Copthall Mauritius Investment and Mumbai-based Mansi Share and Stock Broking for exploiting a newly introduced closing price mechanism. The enforcement action underscores growing regulatory scrutiny over thin liquidity during end-of-day auctions in Asian equity markets.