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Dyer&Blair online
Rank: Member Joined: 3/20/2008 Posts: 503
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Hi all
For weeks now,the Dyer and Blair online access website has been under maintenance. I have therefore not been able to place any orders and I also haven't been able to check the status of my account.
My worry is that it is during times like these that the broker thieves carry out fraud.
Now from Jerry's comment that the directors made a decision to cancel online access and email orders,are we safe???
Moreover we have not had any communication from D&B. The last time we heard from them was that they were to make inactive accounts inaccessible.
IT LOOKS LIKE A WELL CALCULATED PLOY TO FLEECE INVESTORS. I say RUNNNNNNNNNNN as fast as you can unless you think you have a satisfactory explanation from Dyer and Blair
beware the irrational exuberance on the NSE
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Rank: Member Joined: 6/18/2009 Posts: 16
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I feel you on that one BUT have you approached the office to place your orders as well as get a concrete answer from them before you RUN ?? these days you may not know what you are running to......just a precaution to take.
Ballistik........
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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we cant keep on running all the time.... lets be candid with ourselves,call d & b and find out why they are taking a whole month maintaining a website... if the reasons you get wont make you then make a decision.... When you run so fast to get somewhere,you miss the fun of getting there... Life is not a race,so take it slowly.... When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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'Now from Jerry's comment that the directors made a decision to cancel online access and email orders,are we safe?'???. I truely miss the online service. You could also request CDSC to give you a statement if you seriously think there is something fishy going on. Crocodile tears: If you can't assist me when I'm alive en you attend my funeral. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 10/26/2008 Posts: 380
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xxxxxx - I feel you on this one.
My situation is even worse,I am not in the country. No replies to emails. I called them,they kept me on hold for close to 10 minutes,only for them to tell me,they are doing away with the online access,and email thing,and i have to go to their offices. asked them - please put that in writing/mail. Nothing yet.
When i get back to Kenya,first thing,go to D&B,get back my money/transfer my shares.
Am told NIC securities offers email trading,as long as you have signed email indemnity with them. Any takers on this one? Are they reliable?
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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No email you said? I thought they've recommended that you place orders thro shares@dyerandblair.com. @Mukimwa. If it is difficult for us in the country I can imagine how it feels for you. Crocodile tears: If you can't assist me when I'm alive en you attend my funeral. The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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@ mkimwa FYI they are emphasizing the email trading like at jerry said... NIC they arent bad... When you run so fast to get somewhere,you miss the fun of getting there... Life is not a race,so take it slowly.... When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Member Joined: 10/26/2008 Posts: 380
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@Kamaa + Jerry..
I doubt whether they are emphasizing email trading. I have sent them 4 emails in the last 2 weeks,none have been answered.
Its not an email problem,because the lady i spoke to on phone could see the mails in her inbox,she was at pain trying to explain why they havent answered,or even acknowledged them.
Anybody with Mohamed Hassan's email address anywhere? or one of the big guys there? send it to my inbox.. I need to give them a piece of my mind.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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How do they expect us to do business with them without doing orders via email? If I'm not wrong they have offices only in Nairobi and MSA. Crocodile tears: If you can't assist me when I'm alive en you attend my funeral. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 9/6/2006 Posts: 13
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ITS OFFICIAL NOW ! ! Per Jimnah Mbaru ( Chairman ). As posted on http://www.dyerandblair....gin&subcat=stockbro
ONLINE TRADING Reference is made to the above Please note that Dyer and Blair Investment bank limited has suspended all online trading and transaction of securities through our pilot mail shares@dyerandblair.com until further notice. In the mean time,all clients will transact though our branches at Loita house 10th floor,westlands branch at the Ukay center 2nd floor,Mombasa branch at Housing finance building Ground floor,Kampala office at Ruwenzori house ground floor and any of our agents country wide. Yours sincerely, FOR DYER AND BLAIR INVESTMENT BANK JIMNAH MBARU CHAIRMAN.
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Rank: Member Joined: 11/16/2007 Posts: 32
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These dyer and Blair guys are behaving like the banks in the 90s. These actions will come to haunt them later.
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Rank: Veteran Joined: 10/6/2007 Posts: 1,177 Location: Nairobi - Kenya
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well if this is the case... we bow down... or do i say mbio....! When you run so fast to get somewhere,you miss the fun of getting there... Life is not a race,so take it slowly.... When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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Rank: Member Joined: 8/31/2009 Posts: 5
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I say it is the best place to be,as you can't run from what you do not know what you are running from.
To me I think they are trying to find the best possiple way to cut off online fraud and ensure the safety of it's clients.
Regarding a/cs beaing dormant,the client is safe as no one can trade on his/her a/c unless he/her authorises the company to do so. Furthermore,you can still know the status of your a/c just by sms'ing CDSC themselves.
HAve you tried to find out more about the issue from D&B??????????????????/
babadila
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Rank: Member Joined: 8/31/2009 Posts: 5
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I have heard lot of good and bad things about D&B. All in all have we ever tried to see what the co. is doing for it's clients.
You never appreciete the goodness of something till you lose on it
babadila
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Rank: Member Joined: 11/16/2007 Posts: 32
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@ amoha seeing that you work for D&B mombasa,maybe you could tell us if there is something cooking we need to know.
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Rank: Member Joined: 10/26/2008 Posts: 380
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I managed to visit their offices today.
I think they must be dealing with a case of fraud,the mood was very 'mazishi'-like without the wailing.
No explanation why they are turning it off,or email orders off.. unsatisfactory explanation to why the mails were not answered.
I will stay for now.. but my account wont have any cash. I dont know if the storm has begun,is over or not,I just wont take the risk.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Like Mkimwa,I smell something nasty. Note that if you are in the diaspora or outside Nai & Momba,shauri yako... www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Member Joined: 3/11/2009 Posts: 14
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yenyewe i am grateful to this site coz the infor we get!!! so went there jana ready for a battle,coz one they deactivate my account,then online? got in and apparently its either the one who was serving had had a good lunch or something,coz she actually sat me down and was given a lengthy explanation as to what was happening (of course leaving out some details). apparently they are in a process of installing some systm or some kind of software that will gurantee my protfolio safety and make my work easier as an investor. how true this is,don know!!! but just as mkimwa said,wont leave any cash there but study them keenly.
in the meantime who is a better broker or investment bank i can use for now and still access the online service
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Good effort. From ur discussions,can u assure us or rather did they assure u the move was temporaly? Crocodile tears: If you can't assist me when I'm alive en you attend my funeral. The opposite of courage is not cowardice, it's conformity.
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