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Chief Executive Capital Markets Authority, Paul Muthaura during the launch of 7th Building African financial markets (BAFM) seminar at Villa Rosa Kempinski in Nairobi. [Edward Kiplimo/Standard]The Capital Markets Authority (CMA) is investigating a trader for possible conspiracy to ride on privileged information to profit from bond trading.
The regulator says in court papers that Rodrick Muhoro may have conspired with two licensed dealers - David T Maena of CBA Capital and Stephen Njunge of African Investment Bank - to flout CMA rules and make Sh260 million.
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