CMA to blacklist errant stock brokerage staff

Tuesday March 9, 2010

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CMA to blacklist errant stock brokerage staff...

The Capital Markets Authority (CMA) will henceforth blacklist staff working for stock brokerage firms and investment banks, who have been found to be involved in fraudulent activities. CMA Chief Executive Stella Kilonzo says the authority is compiling a database of such staff, against which all people employed in any capital market intermediary will be cross checked.

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