On September 5, 2024, SEBI employees protested outside their Mumbai office, demanding the resignation of Chairperson Madhabi Puri Buch.
The protest followed SEBI's dismissal of claims about a toxic work culture, which the regulator attributed to "external forces." Employees were further angered by this statement, which they felt ignored their grievances of intense work pressure and public humiliation. SEBI had previously denied allegations of a harmful work environment, labeling the complaints as misplaced.