kenmac wrote:@ mwana.........you are right....if any broker goes under your shares are safe unless you are a shareholder of that specific brokerage company,or had cash in your a/c,of which you wait for assets liquidation to be compensated after settlement of liabilities. However if you're a kengen shareholder,and your broker goes under,kengen records will continue to reflect that you own shares in the company and can transfer the shares to another broker.......... e.g. In a case study of Nyaga stockbrokers,investors didn't loose their shares,they transferred to other stockbrokers. what was lost is any cash balances if any in their accounts which might be compensated though not fully.........I was a nyagah member,transferred to cfc.
don't expect anyone to act like your favourite grandmother in wanting what's best for you.
Kenman, you might not be aware but yu still have 18,025 in Nyagah. Go for your cheque or visit their offices.
The signature of God runs in all things. Only fools fail to see it and believe in Him. However, others see it even where non exists - now you see where the false pastor comes in.