PLEASE READ BELOW





























To our esteemed client,

Kindly note that effective 24th of August 2009,all accounts that had been dormant for more than three months were automatically deactivated for risk management purposes. Going forward you will be able to access all our online services except placing of orders and requesting for payment. To activate your account,you will be required to fill out the activation form,click here to download,scan it together with a copy of your ID/Passport and send it to the email address shares@dyerandblair.com for processing.

Please note that this activity will reoccur every three months if an account remains inactive.

Thank you for choosing Dyer and Blair as your Investment Partner.






Regards,

Ronald AbonyoOperations ManagerTel: +254 (20) 3240125Fax: +245 (20) 3240114





LEASE READ BELOW





AFRICAN INVESTOR

What suprises me is that I have never heard of such rule in a stock broking account anyway in the world not to talk of the nomura nominee account I maintain with them as a non resident foreigner.

Besides bank accounts world wide is dormant after 6 months of inactivity not 3 months as what they specify.

My fear is that I hope other stock broking firm will not take a cue from them,and bring all sort of conditions.

I do not believe any stockbroker should dictate how often you transact on your account.

I am waiting and watching,might be to move my portfolio there to Faida. when next I come to Nairobi.





AFRICAN INVESTOR

D&B online system is a nightmare,it is meant for the undiscerning investor.You have to make an order before 9.00am at best price(usually executed at the lowest price of the day) for that order to be executed the same day.Specified price orders are usually ignored.So when you spot a trend forming you cant act decisively to profit from it due to the inefficiency of the system.What investors want is fast executions of orders,nothing more.T+4 trading is a big joke.D&B UP YOUR GAME!!!!

Well thats just me,others may be comfy with it so no ones being forced.

This means that D & B wants to make money from dormant accounts by charging heavily on re-activation charges - someting like KES 300-1000 per re-activation.

What can happen during the period the A/C is deactivated?

Otherwise why would the deactivation/re-activation be required? They want to force us to sell (or buy?),even when one does not need to do it.

This is ridiculous. Maybe time to move out of that place!


All beginnings are difficult ..... ..... everything has an end,only a sausage has two.

@soko... It is only online services(infact making orders and EFT payments request) that will be de-activated. Who said there will be payments for re-activation? Pkoli. What's the site for AA?

Crocodile tears: If you can't assist me when I'm alive en you attend my funeral.