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Canadian firm suspended from US stock trading over Sh139bn Kenya loan claim

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US Securities and Exchange Commission Chairman Jay Clayton, speaks during a House Committee on Financial Services hearing entitled "Capital Markets and Emergency Lending in the COVID-19 Era. PHOTO | AFP

By  OTIATO GUGUYU

America stocks market regulator has suspended a Canadian firm from trading in the United States for failing to shed light on disclosures indicating it signed a Sh139.5 billion (1.06 billion euros) loan agreement with Kenya.

The Securities Exchange Commission (SEC) Thursday said Kallo Inc remains suspended to April 7 to protect investor interest.

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