ALTX East Africa’s Kitamirike contests Capital Markets Authority’s closure; to fight back
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 did
not follow the law.
The regulator, in a 19th November, 2019 media notice
announced that “pursuant to Section 24 (7) of the Capital Markets Authority
Act, the Board of Capital Markets A