• CAPITAL MARKETS UNIVERSITY CHALLENGE 2018

    CAPITAL MARKETS UNIVERSITY CHALLENGE 2018

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    A proactive regulator of competitive and robust capital markets

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    Developing Kenya's capital markets to be an investment destination of choice through facilitative regulation and innovation.

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    Promoting investor education, awareness and interest in the capital markets

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    Strengthening institutional capacity to effectively and efficiently deliver on its mandate

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  Date of enforcement action Licensee Breach Enforcement action taken
1

2.10.2017

Bid Plantation Ltd

Wash trades conducted on Eaagads Shares counter on 23rd and 24th February 2017

 

Regulatory warning and financial penalty of Kshs 30,850.

2 12.02.2018 Kenya Orchards Ltd

failure to publish interim financial statements for half year ending June 2017 in two newspapers of national circulation

 

Financial penalty of Kshs 220,000

3 23.02.2018

Mr. Kumar Sheth

Market manipulation of Nairobi Business Ventures Ltd shares

 

Warning and a financial penalty of Kshs 50,000.

4 8.03.2018 East African Portland Cement Plc Failure to publish a profit warning in respect of financial results for the year ending 30th June 2017.

Financial penalty of Kshs 50,000 for failure to issue a profit warning and regulatory directive to submit plan within 3 months setting out how they want to deal with negative working capital.

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Backup Wireless Lines: 0722 207767/ 020 2611464
Cell: +254 722 207767, Email: corporate@cma.or.ke
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