ADVOKS GLOBAL · KENYA
The Capital Markets (Commodity Markets) Regulations
66. Fraudulently inducing trading
Edition: 2022-12-31 · In force
66. Fraudulently inducing trading
A person who directly or indirectly, for the purposes of inducing or attempting to induce another person to trade in a spot commodity contract or class of spot commodity contracts, makes or publishes—(a)any statement which is, at the time and considering the circumstances in which it is made, false, misleading or deceptive with respect to any material fact and which he knows, or has reasonable grounds for believing, is false, misleading or deceptive; or(b)any statement which is, by reason of the omission of a material fact, rendered false, misleading or deceptive and which he knows, or has reasonable grounds for believing is rendered false, misleading or deceptive by reason of the omission of that fact;commits an offence.