Madhabi Puri Buch News

The Jane Street scandal is not only indicative of a regulatory failure but about the tenure of former SEBI chairperson Madhabi Puri Buch, her decisions, and the serious allegations of 'personal interest' against her.

Jane Street manipulated the Bank Nifty on 17 January 2024, profiting Rs 734.93 crore in a single day. The firm allegedly first created the illusion of a market rally by purchasing Rs 4,370 crore worth of stocks and futures, prompting retail investors to jump in.

The market watchdog--headed by Tuhin Kanta Pande, who took charge in March after his predecessor left office the previous month--seized $567 million (Rs 4,843 crore) of its funds, saying an investigation found it manipulated stock indices through positions taken in derivatives.

Buch’s term--from March 2022 to February 2025—carried big promises to crack down on speculation while protecting small investors, however, the Jane Street scandal is the latest to underline failures during her regime. 

The SEBI further said it "would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters". 

The complaint names several top officials, including former SEBI Chairperson Madhabi Puri Buch, Whole Time Members Ashwani Bhatia, Ananth Narayan G, and Kamlesh Chandra Varshney. 

Tuhin Kanta Pandey has been appointed as the new Chairman of SEBI, succeeding Madhabi Puri Buch. Pandey, a senior IAS officer, brings significant experience to the role, having served in various key positions in the government. His appointment marks the start of a new chapter for SEBI.

India's First Woman SEBI Chief: According to sources, the ex-SEBI Chief's departure was met with a sense of relief among SEBI employees, reportedly due to long-standing dissatisfaction with her leadership. 

In her address at an event by the Association of Mutual Funds of India (AMFI) here, she said a root cause of the proliferation of thematic mutual fund schemes is the arbitrage between normal schemes and new fund offers.

By focusing attention on sections that deviate from the template, SEBI hopes to make it easier for its officers to identify and address irregularities. 

In the last few years, Hindenburg Research had launched a campaign against the Adani group. Its reports published since 2023 had resulted in billions of dollars of loss for the Indian billionaire. All the charges were denied by Adani and his companies.

Several SEBI officers and employees are learned to have opposed the choice of Gupta's name as an external candidate for the post.

The video clip claims to uncover disturbing patterns in SEBI's leadership and certain unethical dealings that have served to protect privileged cronies.

Nearly a year after its first report, which sent Adani Group’s shares plummeting, Hindenburg Research released another critical report

Buch, under a cloud over allegations of conflict of interest levelled by US-based short-seller Hindenburg, was asked to appear before the PAC, which is reviewing the performance of the market regulator.

According to the markets regulator, the new asset class is intended to bridge the gap between Mutual Funds and Portfolio Management Services in terms of flexibility in portfolio construction.

Transparency activist sought RTI response Sebi refuses to disclose copies of Buch's declarations to govt Cites personal safety issues

In a point-by-point rebuttal of the Congress allegations, the Buchs said Madhabi has made all disclosures and followed SEBI's recusal guidelines.