Sterling, Drummond, and someone else, probably three more were downgraded to mere brokers (Pan intended). Who are the others?

I understand the downgraded Investment Banks could not marshal 250million to be eligible for the Investment Bank status. To some extent, the Investment Bankers have been arm-twisting CMA to consider their seat at the NSE to be worth 251m.

Am now seeing Banks taking over the market left open by the downgraded Investment Banks. That will be good for Investors. Already, CSFS has reduced the commission to 1%, evidence that brokers have been fleecing regular traders at 2.1%.

Its always good to have that distiction between investment banks and stockbrokers, Heck I should start a stock brokerage myself, ama aje @vvs? We can use those commissions to buy more KK!!
Now seriously, 1% is quite low, I don't think their volumes are that high to earn from a measly 1%. The only way out for this guys is to offer fee based services such as financial advisory/planning etc but the market for these services is very small/no existent. Its tough in this business fellows.

1% commission will NOT increase the number of investors in this market.Few even notice the 2% anyway. 1% will weaken an already weak support system of brokers who are oh so important to propel this market further. No, I do not work for a broker

indeed this 1% commission offer has no effect..how many day traders do we have in kenya.Most of the common mwananchi just buy stocks ( coz a friend also bought,coz its hyped e.t.c) and leave it for a while.
so basically the 1% reduction in fees is just not that much to consider when moving to the broker. did i mention its actually an offer ?????hahahhaahah.
make u wonder who are they targeting w/ this offer...

hehehhe. i have no beef with cfc. its just that this offer is kind of misplaced.but otherwise they are tops. i still emphasize they need to secure their website (activelite) more.otherwise its a hackers playground...