Sebi Chief Tuhin K Pandey Warns: Market Manipulation in Jane Street Case Won’t Be Tolerated

Sebi Chairman Tuhin Kanta Pandey warned that market manipulation, as seen in the Jane Street case, will not be tolerated. Sebi ordered the impounding of ₹4,843.57 crore in alleged illegal gains and banned the firm from trading until recovery. Speaking at BCAS's 77th Foundation Day, Pandey stressed enhanced surveillance and the importance of strong corporate governance for investor trust. He highlighted the role of chartered accountants in ensuring transparency, fair disclosures, and upholding ethical standards. Sebi’s hybrid approach to governance and focus on information transparency were also emphasized as key to maintaining a robust and trustworthy capital market system.