Businessman fined Sh 208M and banned for trying to rig Kenyan bond market

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The Capital Markets Authority (CMA) has fined Nairobi businessman Mr. Rodrick Muhoro Sh 208 Million and banned him from the industry for 10 years for deliberately the price of government bonds in 2016 and 2017 in an attempt to profit from what is known as Front running.

source: Kenyan Wall Street

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