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Kenya: CMA to blacklist market fraudsters
[The Standard: 2010-03-13]
The Capital Markets Authority (CMA) has established a database for blacklisting and shaming fraudsters in the financial markets.The market regulator said it was working with various stakeholders, including the Kenya Association of Stockbrokers and Investment Banks (Kasib) and the Fund Managers Association of Kenya to identify the swindlers.Micah Cheserem the authority"s chairman, said the new measure would help weed out individuals have tarnished the image of the local capital markets."All fraudulent people in the industry would be identifi. . .
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