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{
    "id": 1341729,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1341729/?format=api",
    "text_counter": 332,
    "type": "speech",
    "speaker_name": "Turbo, UDA",
    "speaker_title": "Hon. Janet Sitienei",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. Cytonn Investments Company chose to use the vehicle called CHSY instead of using the registered vehicles which are already registered with CMA. Therefore, the products they had were unregulated. The investors, who are the Petitioners, suffered pecuniary losses but they cannot be compensated because of the status of the Cytonn High Yield Solutions (CHYS). According to the Capital Markets Authority (CMA), the Cytonn Investments Management was advised to procure a licence to allow it to operate services and products that fall within the purview of capital markets but Cytonn Investments Management did not procure the required licence."
}