CMA grants AKN Investments Ltd an investment adviser license
Nairobi, 16 May 2022… The Capital Markets Authority (CMA) has licensed AKN Investments Limited as an investment adviser under the Capital Markets Act and Regulations.
An investment advisor is a person or group licensed under the Capital Markets Act to make investment recommendations or conduct securities analysis in return for a fee whether through direct management of a client’s assets or through written publications.
The approval brings the number of investment advisors authorized by the CMA to 18.
BACKGROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY
The Capital Markets Authority (CMA) was set up in 1989 as a statutory agency under the Capital Markets Act Cap 485A. It is charged with the prime responsibility of both regulating and developing an orderly, fair and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence.