×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

Trader fined Sh166m for fraud

A former CBA Capital bond trader has been fined Sh166.9 million, twice the amount he obtained from rigging fixed income trades in a case of insider trading.

The Capital Markets Authority (CMA) has also banned the trader, David Maena, from holding office as a key officer of a listed company, issuer or licensee of any institution approved by the regulator for a period of 10 years.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902