In the spirit of Wazua Gedgis C should be suspended from this forum till and upto the time he provides sufficient answers to this scandal where they have been adversely mentioned . Ama akuwe user bonafide . We need to set standards here .

Gordon Gekko gets FBI job
http://www.bbc.co.uk/news/business-17187461
Can't help but think that maybe CMA should have got to him first as he is clearly needed more here...

If I access my cds acc via CDSC site and change my details the same goes to my broker. If I do it as a an insider-(read fraudlently) sitting at CDSC? Change bank acc no, email address, ownership of shares and initiate a SALE order? Disable the alerts to custodian broker as you do this! Can a broker who has placed a BUY order pick these fraud-shares unknowingly? BIG QUESTION IS: can CDSC staffer transfer shares to his/her cds acc without anyone(broker or owner) noticing?

@jerry share registrars don't come in here. From my understanding...
1. NIC Capital purchases shares for a Client
2. Shares are stored at CDSC on behalf of the Client

Through fraudster's manoeuvring:
3. Fake Client goes to new broker claiming he owns shares to sell that are under NIC Capital
4. Fraudster creates fake instructions at CDSC for change of broker from NIC Capital to the new unsuspecting broker
5. New broker assumes everything is in order since CDSC has validated and moved shares

And Voila!
6. Fake Client gives sell order to new broker who executes order
7. Note to do so, CDSC has still to approve trade and move shares from the CDSC account

Then one day real Client asks NIC Capital - I can't see any shares in my account?

In this scenario do you blame the broker or you just move to 'Michael Douglous'?!