<ul data-eligibleForWebStory="false">SEBI's action against Jane Street raises concerns about India's financial market integrity.Accusations of market manipulation and regulatory failures cast doubts on market oversight.Allegations of biased treatment and questionable policies urge for a thorough institutional cleanup.Structural flaws in market design demand multi-pronged reforms for restoring faith in markets.Bold actions are necessary for maintaining a fair, transparent, and rigorously policed market.