CMA Cautions Kenyans Investing in Shares, MMFs, Forex, and Crypto

According to the CMA’s Collective Investment Schemes (CIS) recent report, MMFs are the most preferred investment options in the country, even though Kenyans continue to report losing millions of shillings to pyramid schemes...

✨ Key Highlights

The Capital Markets Authority (CMA) has issued a stern warning to Kenyans about investing in unlicensed Money Market Funds (MMFs), forex, and crypto schemes due to escalating fraud and the risk of significant financial loss.

Investors risk losing their entire investment with no legal recourse when dealing with unregulated entities.
The CMA encourages the public to verify the licensing status of investment firms on its official online register.
Unrealistic promises of high returns are a key indicator of fraudulent schemes, according to the CMA and financial experts.