Kenyan Wall Street | by Wandiri Gitogo
The Capital Markets Authority (CMA) has said that Cytonn High Yield Solutions (CHYS) does not fall under its regulatory scope. In a notice of motion, the regulator said that it did not approve, authorize, or regulate CHYS.
CMA was responding to a suit where Kenneth Kasinga, an investor with CHYS, had moved to court seeking to compel the regulator to audit Cytonn High Yield Solutions. In his suit, Kasinga said he had invested Ksh3 million on 3 October 2019 expecting…
