Kenya’s Capital Markets Authority (CMA) is now taking on a more active role in stemming a rise in fraudulent activities targeting unsuspecting investors on the Nairobi Securities Exchange (NSE).
The CMA has decreed that, “In order to counter the frauds, the Capital Markets Fraud Investigation Union (CMFIU) has engaged the market intermediaries and agreed that before any transactions take place, the documents involved should be availed to CMA for scrutiny and authentication.”
