CMA suspends money manager over breaches of license tenets

Capital Markets Authority (CMA) CEO Wycliffe Shamiah.

Photo credit: File | Nation Media Group

The Capital Markets Authority (CMA) has suspended Trade Sense Limited, pausing its operations as a money manager for the next three months over breaches of its license requirements.

The firm has been licensed as a money manager, engaging in the management of online foreign exchange portfolios for individuals and institutional investors in return for a fee based on a percentage of assets under management.

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