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CMA locks speculators out of margin trading in draft rules

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

Photo credit: File | Nation Media Group
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By  Kepha Muiruri

Business Reporter

Nation Media Group

The Capital Markets Authority (CMA) has moved to bar speculators from margin trading in new draft regulations that seek to unlock leveraged trading.

Margin trading is investing in shares using funds borrowed from a lender, typically a stock brokerage or an investment bank.

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