ADVOKS GLOBAL · KENYA
The Capital Markets (Commodity Markets) Regulations
65. Employment of fraudulent or deceptive devices, etc.
Edition: 2022-12-31 · In force
65. Employment of fraudulent or deceptive devices, etc.
A person who directly or indirectly, in connection with any transaction with any other person involving trading in a spot commodity contract—(a)employs any device, scheme or artifice to defraud that other person;(b)engages in any act, practice or course of business which operates as a fraud or deception, of that other person; or(c)makes any untrue statement of a material fact or omits to state a material fact necessary to make the statements made in light of the circumstances under which they were made not misleading,commits an offence.