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Writing on the wall - CMA license notice
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bartum
#1 Posted : Wednesday, May 04, 2011 10:55:04 AM
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Joined: 8/11/2010
Posts: 1,011
Location: nairobi
AAKS licences seems to have been revocked. If true what happens to cash with them. Check page 50 standard.
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 Report Abusive | Report SPAM | Edit by moderator: Thursday, May 05, 2011 9:27 AM | Reason: topics merged; respectfully
cnn
#2 Posted : Wednesday, May 04, 2011 11:08:46 AM
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Joined: 6/17/2009
Posts: 1,621
The stockbrokers licence at their request.Merging their operations under the investment bank licence.
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navara
#3 Posted : Wednesday, May 04, 2011 11:22:25 AM
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Joined: 1/21/2011
Posts: 9
Location: nairobi
So r they open for business ?am thinking of opening an account with them and i would not want to make a mistake.
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maka
#4 Posted : Wednesday, May 04, 2011 11:40:34 AM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Its open for business as usual nothing changes at all...
possunt quia posse videntur
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QW25071985
#5 Posted : Wednesday, May 04, 2011 11:45:30 AM
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Joined: 3/25/2011
Posts: 946
@ 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 .
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Mpenzi
#6 Posted : Wednesday, May 04, 2011 12:01:02 PM
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Joined: 10/17/2008
Posts: 1,234
cnn wrote:
The stockbrokers licence at their request.Merging their operations under the investment bank licence.


CMA should have given a slightly more detailed explanation than they gave at the bottom of page 35 of the Nation to avoid confusion. You can bet that most investors do not know the difference between investment bank and stockbroker licences.
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cnn
#7 Posted : Wednesday, May 04, 2011 12:31:11 PM
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Joined: 6/17/2009
Posts: 1,621
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.
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mukiha
#8 Posted : Wednesday, May 04, 2011 1:39:06 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
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.....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#9 Posted : Wednesday, May 04, 2011 6:39:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,221
Location: Nairobi
Taking advice from @QW is like drinking from empty bottles of beer. Empty kabisa!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#10 Posted : Wednesday, May 04, 2011 10:03:17 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I wonder if guru had her pleasure?
GOD BLESS YOUR LIFE
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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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