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Dyer & Blair to Charge 100/= CDS Monthly Fee
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selah
#1 Posted : Wednesday, May 21, 2014 3:21:13 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Is it legal for Dyer and Blair to charge CDS maintenance fee even when CDS A/Cs are maintained by CDSC.

How will they get that money given an investor has invested in stock...will they liquidate those stocks to get their fee?

Oh I have to close my account with them...It is now too costly to have a CDS a/c with them if you are not a big time investor.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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  | | Edit by user: Wednesday, May 21, 2014 3:26 PM | Reason: Not specified
rimuw550
#2 Posted : Wednesday, May 21, 2014 3:55:11 PM
Rank: Hello

Joined: 4/28/2014
Posts: 2
i think they should just be satisfied with the commissions......
you are the poorest man if,money is the only thing you have.
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NEWBEE
#3 Posted : Wednesday, May 21, 2014 4:41:24 PM
Rank: Hello

Joined: 1/22/2014
Posts: 6
its a new thing and all brokers are charging it..but its only charged if you have carried out a transaction in your account during the month in question.
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Murang'a
#4 Posted : Wednesday, May 21, 2014 5:43:14 PM
Rank: Member

Joined: 3/3/2014
Posts: 131
NEWBEE wrote:
its a new thing and all brokers are charging it..but its only charged if you have carried out a transaction in your account during the month in question.

Are you sure that all of them charge it?
I asked Suntra and SBG about it and they dismissed that.
IMITATION IS LIMITATION
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murchr
#5 Posted : Wednesday, May 21, 2014 6:02:37 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
This is thievery
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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sparkly
#6 Posted : Wednesday, May 21, 2014 6:03:19 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
This move is typical of some Kenyan businesses.

A company suffers low earnings/declining business and instead of increasing the value proposition for customers, it increases the price.

Anyone in Dyer and Blair should be worried. This is a sign that their solvency/ liquidity is not well and they may not even afford to take the Investment Banking licence next time.

I would have expected them to target bigger corporate accounts, do IPOs/ SIPOs etc (stuff that IBs make money from). OR put in place cost saving measures by using ICT, closing brick & mortar branches, engaging staff on performance basis.
Life is short. Live passionately.
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Angelica _ann
#7 Posted : Wednesday, May 21, 2014 6:40:52 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Thought this thing was discussed in March this year and it was an angreement by all brokers through their association.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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murchr
#8 Posted : Wednesday, May 21, 2014 7:01:06 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
@sparky its a all brokers
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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maka
#9 Posted : Wednesday, May 21, 2014 7:02:27 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Angelica _ann wrote:
Thought this thing was discussed in March this year and it was an angreement by all brokers through their association.


Does the investor get such information?My broker has not said anything...
possunt quia posse videntur
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2012
#10 Posted : Wednesday, May 21, 2014 7:14:35 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I'm with D&B and they are telling me that's not true. Are they lying?

BBI will solve it :)
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