Concunsmart Shares and Stock Brokers Pvt Ltd has become the 31st broker since May 2019, to be expelled by the National Stock Exchange for non-adherence to regulatory provisions.
NSE Expels Sumpoorna Portfolio, Asks Investors To File Claims for Outstanding
Moneylife Digital Team
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The National Stock Exchange (NSE), on Tuesday while declaring as defaulter, expelled Sumpoorna Portfolio Ltd from its membership from 14 December 2020. NSE has also asked investor-clients of Sumpoorna Portfolio to submit their claims of outstanding from the Investor Protection Fund (IPF).
In a release, the bourse says, NSE has expelled Sumpoorna Portfolio, a trading member from the membership of the Exchange under Rules 1 and 2 of Chapter IV of the NSEIL Rules and also declared it as a defaulter under provision 1 (a) of Chapter XII of Exchange Bye laws.