CMA fines auditor, company directors over Sh8m for breach of trading rules

CMA CEO Wycliffe Shamiah

Capital Markets Authority (CMA) Chief Executive Officer Wycliffe Shamiah. 

Photo credit: File | Nation Media Group

The Capital Markets Authority (CMA) has fined several directors of listed companies including an auditor more than Sh8 million for flouting trading rules in the financial year ended June 30, 2023, new disclosures showed.

While the regulator did not disclose the firms or individuals affected by the sanctions, it said that most of them settled the fines.

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