IF YOUR BROKER IS NOT PART OF A PROFIT MAKING BANK,RUN MY FRIEND!!!!! RUN!!

A BROKE BROKER DOES NOT NEED YOUR PERMISSION TO SELL YOUR SHARES.

GAKIAVI OF NYAGA STOCKBROKERS IS A FREE MAN. PATTNI IS A FREE MAN. THAT GUY OF SASANET IS NOT IN ANY JAIL. THAT DONDE GUY OF DELCI PYRAMID SCHEME PROBABLY ENJOYS MORE FREEDOM THAN YOU AND ME.


Weusi wa nywele za mshtakiwa zaonyesha ujinga alio nao

@Kusadi... Where r u from. U r arrogant en I doubt if u've a CDS acc.

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

@Kusadikika. Thanks for ur positive response. I'm not an accountant but I thought ur advice could easily be misunderstood. I believe there is more to a co than making profits especially in such hard times like we've experienced lately. If a co has enough reserves & assets and above all integrity then I see no problem. Put it in another way: just like there is no single indicator of a good stock; there is no single indicator of a good broker. I also appreciate CMA's efforts in trying to smoke-out the 'sick' brokers. Lets continue the debate on tell-tales of a falling broker.

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

$Billz,
I have not called Dyer and Blairs integrity into question in their business so far. I have never transacted any business with them. My concern is that in the brokerage business you give the broker money upfront. In law you are an unsecured lender to the broker because he does not give you any security that you can fall back on should something happen to your money. So you have to rely on his integrity like you correctly pointed out but also on his sound financial base. Banks are regulated by CBK and have to publish their accounts every quarter which is something that has been going on for years. Brokerage houses and investment banks on the other hand have just made their accounts public only this year after operating for years (In the case of Dyer and Blair since 1954). I am not an insider to know the financial strength/ asset base of a broker so pardon me if I err on the side of caution by choosing to do business with a broker who has an association with a verifiable financially sound institution.

Weusi wa nywele za mshtakiwa zaonyesha ujinga alio nao

Somebody should start a thread on how to identify a rogue broker. I believe it's not enough to look at profit making and the painting! in the newspapers.

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