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CFC Financial Services - What's going on

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VituVingiSana		#11 Posted : Friday, September 03, 2010 9:55:04 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Gatheuzi wrote: I have been with them since 2003, I have had only one bad experience during Scom IPO---took 9 months for them to refund me some chums--thanks CMA came to my help. Other than that, I think they are good. On KYC, I would not be too hard on them...it is a good business practise and though taxing it is meant to improve and keep crooks like money laundrers at bay. Lakini where are my old docs? My signatures, copies of ID, bank details??? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Horton		#12 Posted : Friday, September 03, 2010 10:03:58 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		I asked about that, and they have them in some "archives" building or so they say....
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VituVingiSana		#13 Posted : Friday, September 03, 2010 10:12:25 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		Horton wrote: I asked about that, and they have them in some "archives" building or so they say.... Yeah right... Like the pile of papers the maize sellers use to wrap up the roasted maize??? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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tkzee		#14 Posted : Saturday, September 04, 2010 7:18:33 PM
Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks		Its too bad that some greedy individuals in brokerage houses made money by exploiting weak system controls.BTW its not only CFC that was caught in this but others like Nyaga were swept clean. Who understands this statements published by brokers like client debtors includes what?? ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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sheep		#15 Posted : Saturday, September 04, 2010 8:13:52 PM
Rank: Veteran Joined: 7/24/2008 Posts: 781		brokers are having it tough...volumes are very thin,200m from 800m-1b a while back..considering the many new brokers competition is fierce...I expect 2011 to have several IPO's....I read the NSE plans to list 100 small co.s by 2015...but as we know this is hot air,what happened to demutualization plans? This is still a mafia bourse. The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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sparkly		#16 Posted : Saturday, September 04, 2010 9:19:33 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: Horton wrote: I asked about that, and they have them in some "archives" building or so they say.... Yeah right... Like the pile of papers the maize sellers use to wrap up the roasted maize??? never seen roasted maize wrapped in papers. Maybe roasted njugu... Life is short. Live passionately.
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VituVingiSana		#17 Posted : Sunday, September 05, 2010 12:45:31 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		sparkly wrote: VituVingiSana wrote: Horton wrote: I asked about that, and they have them in some "archives" building or so they say.... Yeah right... Like the pile of papers the maize sellers use to wrap up the roasted maize??? never seen roasted maize wrapped in papers. Maybe roasted njugu... Dang, kwani my KYC docs are not even good enuff for roasted maize? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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qw25041985		#18 Posted : Sunday, September 05, 2010 1:06:52 AM
Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai		I keep sayin over and over again ,PLEASE donot trade online with cfc fin. services. On their login url it doesnt use SSL encrytion ,like yahoo,ebay or other e-commerce websites. I could easily get access to anybody's cfc online trading by simple password sniffing - if u are technology conversant u knw what i mean. So DONOT TRADE WITH CFC ONLINE !!! Your future depends on your dreams so go to sleep !
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Gordon Gekko		#19 Posted : Sunday, September 05, 2010 5:48:40 AM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		I occasionally trade with CFC online. Worst case scenario, you hack in and get my password then sell my measly holdings. They always insist that cash proceeds are in form of cheque to the CDS name, and also physically collected. How can you get round that? BTW, they were https at one time.
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sparkly		#20 Posted : Sunday, September 05, 2010 9:15:01 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		For now i will trade online. Its better than sending email or visiting their offices and lining up for 2 hours. If anyone trades my shares without authority i get an sms from CDSC. Cfc should however secure their system asap Life is short. Live passionately.
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