Kenya’s Capital Markets Authority (CMA) has fined several directors of listed companies and an auditor more than Ksh8 million ($61,909) for flouting trading rules in the financial year that ended June 30, 2023, new disclosures show.
While the regulator did not disclose the firms or individuals affected by the sanctions, it said that most of them settled the fines.
“For the period in question, the Authority undertook enforcement actions on various persons or entities who had contravened the legal and regulatory framework,” CMA Chief Executive Officer Wycliffe Shamiah said.
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Source: The East African
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