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SAT Dismisses Stampede Capital's Appeal Against SEBI Expulsion Order

Last week, the Securities Appellate Tribunal (SAT) dismissed the appeal filed by Stampede Capital against a directive from National Stock Exchange (NSE) expelling it from membership in July 2021. ....

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NSE Expels Sumpoorna Portfolio, Asks Investors to File Claims for Outstanding

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. ....

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