(AFX UK Focus) 2010-02-05 11:06 Kenya regulator takes control of errant brokerage

Friday, February 5, 2010 10:15
Posted in category News

(AFX UK Focus) 2010-02-05 11:06 Kenya regulator takes control of errant brokerage
NAIROBI, Feb 5 (Reuters) – Kenya’s capital markets regulator said it took over management of a brokerage that had failed to meet legal and regulatory obligations, in the latest setback to efforts to boost investor confidence in the country’s stock exchange. The Capital Markets Authority (CMA) said it acted against Ngenye Kariuki Stockbrokers to protect investors’ interests and improve their …

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