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  Date of enforcement action Licensee Breach Enforcement action taken


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.