Capital markets regulator also told to reverse their decision denying Tolea a license as the decision was based on a wrong set of rules. Court also orders them to re-review Tolea’s license application under proper laws.
The High Court, on Thursday, 19th December 2019 temporality stopped Capital Markets Authority (CMA) from cancelling the license of ALTX East Africa Limited until the main suit, challenging the legality of the closure itself if heard and disposed of. In this earlier interview with CEO East Africa Magazine, CMA chief, Keith Kalyegira explains why ALTX East Africa was being shown the exit and dismisses claims that they were never given time to defend themselves.
The High Court, on Thursday, 19th December 2019 stopped Capital Markets Authority (CMA) from cancelling the license of ALTX East Africa Limited. Launched in 2014, by Joseph Kitamirike, the former…
Joseph Kitamirike, the Chief Executive Officer of the troubled securities trading firm, ALTX East Africa Limited has contested his firm closure by Capital Markets Authority (CMA), saying that the regulator…
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