The Capital Markets Authority (CMA) is yet to bank the financial penalties it slapped on stock agents Aly-Khan Satchu and Kunal Bid following the 2018 KenolKobil insider trading probe, with the appeals the two filed still to make their way through the legal system.
Mr Satchu sued the regulator at the High Court after it fined him Sh4.69 million two-and-a-half years ago, being the commission he earned from the disputed trades. It also slapped him with a three-year ban from holding office in listed or CMA licensed firms.
