Sebi chairman Tuhin Kanta Pandey has made it clear. In the recent case involving Jane Street, a global trading firm, Sebi didn’t just act—it acted fast, within existing rules. Speaking on July 7, Pandey said, “The interim order speaks for itself.”
This was not a random move. The regulator had been watching. And when something seemed off, it acted.
Many wondered if India needs stricter laws to catch such global players. But Tuhin Kanta made it simple: It’s not about more rules. It’s about better enforcement and smarter surveillance.
“Within the regulations only, we have brought it,” he said. That means Sebi already had the tools. What mattered was how they were used. And this time, they were used sharply.
Pandey also said, “Excess regulation doesn’t mean better regulation.” This is important. The idea isn’t to choke the market with rules. It’s to watch closely, act fast, and hit hard when needed.
He called the Jane Street case a surveillance issue, showing that both Sebi and the stock exchanges are now looking at market behavior more deeply. According to him, manipulation comes in many forms, and regulators need to stay one step ahead.
Also Read Jane Street Used India Arm to Break FPI Rules and Move Markets for Big Gains: SEBI
“There is no one way to catch manipulative activity,” Pandey added. That’s why India’s PFUTP regulations (Prevention of Fraudulent and Unfair Trade Practices) are key. They give Sebi full power to investigate and act. And that’s what it did with Jane Street.
Behind the scenes, a lot of data analysis was done. “A great deal of analytical work went into this order,” he said. It wasn’t a quick judgment. It was a calculated move.
Looking ahead, Pandey said that surveillance will be upgraded, both at Sebi and exchange levels. This means India is getting ready for more complex players and more clever tactics in the market.
The message is clear: India is not a soft target.
Tuhin Kanta’s words reflect confidence, but also readiness. Sebi isn’t asking for more rules. It’s asking for better action. And that action has already begun.
As global firms like Jane Street enter Indian markets, the regulator’s job isn’t just to observe—it’s to protect fairness, fast.
In a market where speed and tech rule, Sebi just showed it can keep up.
Also Read SEBI Took Down Jane Street – But Nithin Kamath Says It Might Hurt India’s Own Markets
