Former SEBI chairperson Madhabi Puri Buch dismissed claims of regulatory failure in the Jane Street case, stating that SEBI has actively investigated the matter.
SEBI barred Jane Street from Indian financial markets for market manipulation and directed the impounding of Rs 4,844 crore, leading Jane Street to contest the allegations.
Buch criticized sections of media for spreading a misleading narrative and emphasized SEBI's sustained regulatory efforts in the case.
SEBI's actions in the Jane Street case include policy interventions, issuing cease and desist letters, and enhancing surveillance systems to address market concerns.