Kenyan CMA Warns Against Unregulated FX Brokers

[kreslik.news]

Kenya, a country in which albino blood is thought to possess magical powers, is starting to experience problems with unlicensed forex brokers. On Monday, the country’s financial regulator, the Capital Markets Authority (CMA), issued a statement, warning traders to stay away from unlicensed brokers and telling those brokers to cease their activities in the East African nation.

“The Authority will also take appropriate enforcement action against any persons or entities illegally conducting online foreign exchange trade or collecting client funds in contravention of…regulatory provisions,” said the statement. “Members of the public who have been affected or become ... (read more)