The Capital Markets Authority (CMA) has issued a public advisory to Kenyans investing in Money Market Funds (MMFs), buying shares or growing their money in the capital markets.
In a Public Service Announcement on Tuesday, July 15, the authority advised Kenyans to conduct their due diligence when planning to invest in these markets to avoid being swindled.
It warned of fraudsters masquerading as licensed firms who ensnare unwitting victims with promises of higher, unrealistic returns on their investments.
CMA urged Kenyans seeking to invest to first verify the details of the firms they intend to engage on its official website and other channels.
