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| A dealer monitors trading online. Investors can now own part of the exchange in an ongoing IPO. |
Kenya: The Capital Markets Authority (CMA) has put some market intermediaries on notice for exerting undue influence on investors seeking to buy shares in the Nairobi Securities Exchange (NSE) public offerings.
The regulator accuses some stockbrokers and investment banks of issuing advisories to the public in respect to NSE’s Initial Public Offering (IPO) without making requisite disclosures to their interested parties to the issue and not stating their status as trading participants at the NSE. The market intermediaries are the majority owners of the exchange.
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