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CMA seeks to bar investment clubs from compensation
muganda
#1 Posted : Thursday, December 17, 2009 5:54:44 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
Institutional investors who lose money due to collapse of their stockbrokers or any other investing agent will not be entitled to compensation if proposed amendments to the Capital Markets Authority (CMA) Act are passed into law.

http://www.businessdailyafrica....9550/823884/-/t5uvsez/-/

Insitutional investors / investment clubs should be exempted from paying those levies then.
anasazi
#2 Posted : Thursday, December 17, 2009 7:32:03 AM
Rank: Veteran


Joined: 6/8/2007
Posts: 675
This is unacceptable
Form is temporary, class is permanent
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