A city-based online forex trader has been charged with defrauding clients of Sh215.3 million, adding to his troubles following the suspension of his firm’s licence by the Capital Markets Authority (CMA).
Michael Gitonga (alias Tosh), the founder of city-based firm Trade Sense Limited, has been accused by the Capital Markets Authority (CMA) of contravening regulations that bar licensed money managers from handling clients’ funds. He was arraigned in on Wednesday.
