Pradyun Chakravarty Comments on SEBI’s Increasing Scrutiny of Global Financial Institutions

Pradyun Chakravarty commented on the Securities and Exchange Board of India’s (SEBI) increasing scrutiny of global financial institutions and traders operating in the Indian securities market.

Commenting on the recent regulatory action involving a Mauritius-based unit of JPMorgan, Pradyun highlighted the broader implications of SEBI’s evolving approach towards market conduct and regulatory compliance. He noted that the regulator’s actions demonstrate that the size, reputation or global standing of a financial institution does not place it outside the scope of India’s securities laws and market-conduct framework.

“SEBI’s message is unambiguous: scale, reputation and global standing offer no shelter from India’s market-conduct rules.”

The recent scrutiny of international financial institutions, including the proceedings involving JPMorgan and earlier action concerning Jane Street, reflects a more proactive regulatory approach towards identifying and addressing potentially manipulative or irregular trading activity. The developments also underscore the importance for global financial institutions operating in India to maintain robust compliance frameworks and closely monitor their trading activities in the Indian securities market.

SEBI’s increasing use of technology and closer surveillance of market activity further signals a regulatory environment where sophisticated trading strategies and transactions are likely to face greater scrutiny. For global financial institutions, this reinforces the need to understand India’s market-conduct requirements and ensure that internal controls and compliance mechanisms are aligned with the expectations of the Indian regulator.

Pradyun’s comments form part of the ongoing discussion around India’s evolving securities regulatory framework, the increasing accountability of global market participants, and the need to balance market innovation with investor protection and market integrity.

Pradyun Chakravarty’s comments have been featured in:

• The Hindu BusinessLine
• Business Standard
• Bloomberg

Read the full article in Business Standard.

Last Updated on 9 September, 2026