By Ira Dugal, Jayshree P Upadhyay and Scott Murdoch MUMBAI (Reuters) -Indian regulators barred U.S. securities trading company Jane Street from the local market and seized $567 million of its funds, saying an investigation found it manipulated stock indices through positions taken in derivatives.

The Securities and Exchange Board of India (SEBI) on July 3 passed an interim order barring the Jane Street Group from accessing Indian securities markets and a

The lawsuit alleged that the traders had stolen a “ highly valuable, unique, and proprietary ” trading strategy, which was quickly revealed to revolve around India’s booming options market. Jane Street and Millennium settled the lawsuit in December, but judging from SEBI’s report it has cast a long (and expensive) shadow.