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Writing on the wall - CMA license notice
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PKoli
#11 Posted : Wednesday, May 04, 2011 10:15:37 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
QW25071985 wrote:
@ navara. U are a true typical kenyan. U see fire and u run straight to it. Are u crazy.
Aa just had their lincense revokd and u still want to open an a/c with them ? Lol. I dnt understand u .


I am sure CMA are very good at communications and if there is some wrongdoing by any stockbroker, they will clearly indicate that they have revoked AAK's licence until they satisfy certain conditions..bla..bla..
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murenj
#12 Posted : Thursday, May 05, 2011 9:23:47 AM
Rank: Member

Joined: 7/22/2008
Posts: 851
Location: nairobi
The market regulator has also put Equatorial Investment
Bank on conditional licence, and revoked the trading
permit of Africa Alliance Kenya Securities, and Africa
Alliance Kenya Management. Trading licences for two
investment advisers (Equilibrium Capital and Finconsult)
and an authorised Depository institution —Dubai Bank
Kenya— have also been cancelled.
In a gazette Notice No 4937, the Authority
reduced Africa Investment Bank,
Drummond Investment Bank, Kestrel
capital (EA), Apex Africa Investment Bank,
and Sterling Investment Bank to
stockbrokers.
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QW25071985
#13 Posted : Thursday, May 05, 2011 9:33:16 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
How poor are these so calld investment banks. They cnt raise a mere 50m .why cnt they consolidate together and raise the cash. They need to be mo' strategic.With all these ipos commin up they'll miss out.
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jerry
#14 Posted : Thursday, May 05, 2011 9:41:22 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
mukiha wrote:
cnn wrote:
QW25071985 wrote:
@ navara. U are a true typical kenyan. U see fire and u run straight to it. Are u crazy.
Aa just had their lincense revokd and u still want to open an a/c with them ? Lol. I dnt understand u .

As usual barking with little substance.@navara,go to their offices and let your fears rest,on the way there, pop into the CMA offices you will be better informed than reading from lunatics.

QW finally caught.....

=>I wonder what qw,QW stands for; qualified waster? Any suggestions?
The opposite of courage is not cowardice, it's conformity.
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The Merchant
#15 Posted : Thursday, May 05, 2011 11:08:00 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Oh my, Should I be worried about DRUMMOND INVESTMENT BANK....I trade with them, so far so good...but now Sad
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maka
#16 Posted : Thursday, May 05, 2011 2:59:34 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Today's daily nation pg 28 it clearly says that African alliance successfully applied for an investment bank license and they got it so there is no need of them having a brokerage and fund management license which are separate as the investment bank license caters for everything...THERE IS NOTHING WRONG WITH AFRICAN ALLIANCE MANAGEMENT LIMITED.
possunt quia posse videntur
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