Kenya's financial markets regulator, Capital Markets Authority (CMA) has launched an anonymous reporting portal to enable whistleblowers report malpractices in the capital markets.
The portal, to be accessed through the authority’s website, will give whistle blowers an opportunity to share anonymous but verifiable evidence with the regulator.
‘’We as an authority recognize the pivotal role whistleblowers can play in assisting to initiate effective investigations which lead to sustainable enforcement actions. This helps ensure that market confidence can be strengthened and failures in integrity are responded to in a timely manner’’ said CMA’s chief executive Paul Muthaura.
Some of the market irregularities that the authority seeks to curb with the help of insiders include share price manipulation, insider trading and falsification of financial statements exposing investors to huge losses.
