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{
    "id": 203627,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/203627/?format=api",
    "text_counter": 285,
    "type": "speech",
    "speaker_name": "Mr. Syongo",
    "speaker_title": "",
    "speaker": {
        "id": 316,
        "legal_name": "Zaddock Madiri Syong'oh",
        "slug": "zaddock-syongoh"
    },
    "content": "Mr. Deputy Speaker, Sir, I rise to support this amendment. As I support it, I want to draw the attention of the Minister to the fact that, recently there has been an outcry over transactions at the Nairobi Stock Exchange (NSE) by brokers. Brokers sell stocks on behalf of clients who have not authorised them to sell. As a result, there has been clear cases of fraud in the sense that the revenues arising from such unauthorised transactions have been manipulated. They sometimes end up in the wrong hands. With electronic transactions through the Central Depository System, now in place, that danger is actually going to increase and not diminish. I would, therefore, like to draw the attention of the Minister that even as he does so, he should liaise with the Minister for Justice and Constitutional Affairs to ensure that there is proper and timely legislation as far as electronic transactions or e-commerce is concerned. This would safeguard possible victims of electronic transactions. With those few remarks, I beg to support."
}