Victory for Sebi staff: Regulator withdraws controversial press release

Earlier, On 5 September, around 400 employees of the Sebi had protested silently at the organisation’s headquarters in Mumbai. The employees were protesting the Sebi’s clarification that their earlier letter to the finance ministry on unprofessional work culture is ‘misguided by external elements’. Earlier, Sebi had said that the allegations of toxic work culture in Sebi is misguided by external elements.

Sebi employee protest show the deep rot within

Toxic work culture is not accepted not only at a regulatory organisation but in any organization.

It is even more important when such charges arise at a regulatory institution. Sebi is the guardian of Indian investors in the securities market. It cannot operate in the shadow of accusations and mistrust. It is extremely important for Sebi to clean up its house and restore confidence among its own employees and investors.