The Treasury has raised the compensation paid to investors who lose money when a brokerage collapses by four times in a strategy aimed at boosting confidence in the stock market.
In changes to regulations on the Capital Markets, Treasury Cabinet Secretary Njuguna Ndung’u said investors who lose money in a collapsed brokerage are now entitled to a maximum compensation of Sh200,000 up from Sh50,000 previously—an equivalent of a 300 percent jump.
