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![Nairobi Securities Exchange Chief Executive Peter Mwangi. The Nairobi bourse has implemented a broker back office system to curb malpractices such as unauthorised selling of clients’ shares. [PHOTO: ANDREW KILONZI]](https://cdn.standardmedia.co.ke/images/monday/biz-1-30314-main-2.jpg) |
| Nairobi Securities Exchange Chief Executive Peter Mwangi. The Nairobi bourse has implemented a broker back office system to curb malpractices such as unauthorised selling of clients’ shares. [PHOTO: ANDREW KILONZI] |
By James Anyanzwa
Kenya: The Capital Markets Authority (CMA) has sounded an alarm over new fraudulent activities at the securities market. The market regulator said bourse fraud has changed from simple unauthorised sale of clients’ shares to electronic fraud involving access to high net worth clients’ accounts through identity fraud.
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