Sebi vs employees: Regulator takes a step back, withdraws contentious press release
toxic work culture" and demanding the resignation of Sebi chief Madhabi Puri Buch, the markets regulator on Monday withdrew its earlier statement blaming «external elements» for the protests.
In a fresh statement issued to the media during the day, Sebi said that its earlier press release issued on 4th September, after which scores of its employees gathered around the regulator's headquarters in Mumbai's BKC to stage a silent protest against their boss Buch, stands withdrawn.
Stating that employee-related matters are addressed through appropriate internal mechanisms, Sebi said following constructive discussions with representatives of all grades of officers, Sebi and its employees have reaffirmed that such issues are strictly internal and will be managed in accordance with the organization's high standards of governance and within a time-bound framework.
«Accordingly, the Press Release no. 20/2024 dated September 04, 2024, stands withdrawn. Employees have strongly condemned the unauthorized release of internal communication and have confirmed that all concerns shall be addressed amicably through established internal channels,» it said.
The regulator said that its employees have played a critical role over the past 36 years in shaping the Indian securities market into one of the most dynamic and well-regulated markets globally.
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By
