Every effort has been made to ensure that the information provided on this website and any material available from it is accurate. However, under no circumstances, including, but not limited to, negligence, shall KASIB be liable for any special, incidental or consequential damages that result from the use of, or the inability to use, the materials in this website. Nor does KASIB warrant or make any representations regarding the use or the results of the use of the information provided on this website and any material available from it in terms of its correctness, accuracy, reliability, or otherwise.
The information provided in this website does not constitute investment, tax, legal, or any other advice. No representations are made as to the reliability or completeness of such information.
Further, readers are advised to consult with any of the registered stockbrokers, or investment banks whose contacts have been included in this website.
Code of Ethics
A form of business organization created under the Companies Act of Kenya, which has a legal identity separate from its owners. The owners of the corporation are the shareholders and they are liable for the debts of the corporation only up to the amount of their investment. This is called limited liability..
This is a deceptive practice employed by some mutual funds managers in which recently weak stocks are sold and recently strong stocks are bought just before the funds holdings are made public in order to give the impression that they have been holding good stocks all along..
These are shares that have been registered by a recognized and regulated stock exchange to be traded on its trading floor. Shares can be listed on more than one stock exchange..
An insider is any person who has access to crucial and valuable facts about a company which the public do not yet know (inside information). Information like expansion plans, financial results, contracts won, takeover bids etc., Insiders include owners, executives and consultants of a firm. A shareholder who owns more than 10% of a company is also considered an insider. It is illegal for an insider to engage in speculative trading in the company’s shares based on such information..
This is when a company raises capital via a private rather than public placement. It therefore sells shareholding to a selected few investors, mostly institutional investors..