Kenya: Four Brokers Fail CMA's Annual Licensing Test

Four stockbrokers who help investors trade in shares at the Nairobi Stock Exchange have failed to get a clean bill of health from the regulator, sending jitters in a market that is struggling to come to terms with last week's collapse of Nyaga Stockbrokers.

The Business Daily has established that the regulator, the Capital Markets Authority (CMA), has issued four stockbrokers with conditional licences valid for three months - effectively putting them on notice that they must put their houses in order.

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