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Capital markets regulator moves to curb fraud at bourse market

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Capital Markets Authority chairman, Micah Cheserem (left) and the Authority's CEO Stella Kilonzo. Photo/HEZRON NJOROGE

Capital Markets Authority chairman, Micah Cheserem (left) and the Authority's CEO Stella Kilonzo. Photo/HEZRON NJOROGE 

By James Makau  (email the author)
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Posted  Thursday, March 11  2010 at  00:00

“We cannot tell how rampant insider trading currently is, but we suspect that it must be taking place. The CMA is, however, going to be more vigilant in identifying to what extent it goes,” says Mr. Cheserem.

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While it remains to be seen whether the proposals will be realised, analysts say these are small, but steady steps towards streamlining market operations and ensuring the integrity of the capital markets.

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