mwekez@ji wrote:@sparkly, Simplified, Aguytrying
Mistrust has never been on CFC but the agents
The last time i dealt with an agent, my buy orders were not executed for months, i lost all the liqiud cash i had deposited with them and the principal refused to take responsibilty. On my last visit to the agent there was a large padlock on the door and their phones were mteja, till now.
Lucky for me i was young and had just started working. As painful as it was, i pulled myself up and went to the most credible and accountable broker at that time, CSFS.
@Advisory as much as you want to tell us how credible, efficient, hardworking etc you are, we are not that naive. The truth is that most agents are one man shows, lacking in corporate strategies, accountability and internal controls sytems.
CMA does not have enough muscle and teeth to police the brokers, let alone the agents! How.... in jesus name can a firm be allowed to do audit, tax, HR, MIS blah blah and take client's funds same time?
Life is short. Live passionately.