Teji Mandi Explains: SEBI adopts tough stance against Franklin Templeton. But, is it enough? Every crisis offers a great opportunity to reform. The same is the case with the saga of Franklin Templeton and its six tainted schemes. While SEBI has initiated tough action against senior members of the AMC, it still has plenty of room to introduce further reforms. It, in turn, will create a more secure environment for investors. The saga of Franklin Templeton (FT) and it's now-infamous six debt schemes continues to deepen. And SEBI, by adopting a tough stance against the AMC, appears determined to make a strong example out of it.