| |
Date of enforcement action |
Licensee |
Breach |
Enforcement action taken |
| 1 |
2.10.2017
|
Bid Plantation Ltd |
Wash trades conducted on Eaagads Shares counter on 23rd and 24th February 2017
|
Regulatory warning and financial penalty of Kshs 30,850.
|
| 2 |
12.02.2018 |
Kenya Orchards Ltd |
failure to publish interim financial statements for half year ending June 2017 in two newspapers of national circulation
|
Financial penalty of Kshs 220,000
|
| 3 |
23.02.2018 |
Mr. Kumar Sheth
|
Market manipulation of Nairobi Business Ventures Ltd shares
|
Warning and a financial penalty of Kshs 50,000.
|
| 4 |
8.03.2018 |
East African Portland Cement Plc |
Failure to publish a profit warning in respect of financial results for the year ending 30th June 2017. |
Financial penalty of Kshs 50,000 for failure to issue a profit warning and regulatory directive to submit plan within 3 months setting out how they want to deal with negative working capital.
|
