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Are Dyer and Blair Serious???
Rank: Elder Joined: 7/22/2009 Posts: 7,460
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I am seated next to someone who has just called Dyer and Blair to enquire about her shares. She was asked what her CDS Account number was but she couldn't remember she. She supplied them with her ID number and they read her all the shares she has - quantities and all. No 'control questions' like 'when was the last time you bought/sild shares. Which ones?' were asked. What the hell??? One only needs to get hold of your ID number, which is extremely easy to get - from numerous documents all over, call Dyer and Blair and they are given the whole breakdown of your holdings!!?? That's shocking. Bye bye privacy as far as Dyer and Blair and their staff are concerned. And this after the sending account statements to the wrong addresses saga discussed last week!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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MaichBlack wrote:I am seated next to someone who has just called Dyer and Blair to enquire about her shares. She was asked what her CDS Account number was but she couldn't remember she. She supplied them with her ID number and they read her all the shares she has - quantities and all. No 'control questions' like 'when was the last time you bought/sild shares. Which ones?' were asked. What the hell???
One only needs to get hold of your ID number, which is extremely easy to get - from numerous documents all over, call Dyer and Blair and they are given the whole breakdown of your holdings!!?? That's shocking.
Bye bye privacy as far as Dyer and Blair and their staff are concerned. And this after the sending account statements to the wrong addresses saga discussed last week!!! personally I dont consider it wrong to know wat someone owns or somebody to know what I own in shares terms,the structure of shares ownership in companies is actually published for everyone to see its only that we are very small shareholders reffered to as others,otherwise were it not for space, our names can also appear for anyone to read....I consider your argument as the search we do to land or vehicles otherwise much beaurocracy will make it very hard for next of kins to know wat is left incase of death....the precautions should only apply when selling.shares can never be equivalent to bank details "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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@mlennyma - How is this different from your bank details? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mlennyma wrote:MaichBlack wrote:I am seated next to someone who has just called Dyer and Blair to enquire about her shares. She was asked what her CDS Account number was but she couldn't remember she. She supplied them with her ID number and they read her all the shares she has - quantities and all. No 'control questions' like 'when was the last time you bought/sild shares. Which ones?' were asked. What the hell???
One only needs to get hold of your ID number, which is extremely easy to get - from numerous documents all over, call Dyer and Blair and they are given the whole breakdown of your holdings!!?? That's shocking.
Bye bye privacy as far as Dyer and Blair and their staff are concerned. And this after the sending account statements to the wrong addresses saga discussed last week!!! personally I dont consider it wrong to know wat someone owns or somebody to know what I own in shares terms,the structure of shares ownership in companies is actually published for everyone to see its only that we are very small shareholders reffered to as others,otherwise were it not for space, our names can also appear for anyone to read....I consider your argument as the search we do to land or vehicles otherwise much beaurocracy will make it very hard for next of kins to know wat is left incase of death....the precautions should only apply when selling.shares can never be equivalent to bank details Actually, one needs to keep their id no very private as its one of the very few identifiers we have, Go to http://www.image.co.ke/Dividend and notice how much damage you may get just by putting your ID out there. Even when you lose your login for CDSC, all you need is your ID and email. "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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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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@murchr - It is not about putting your ID Number out there. There are very many other entities that require your ID number but don't need to know your bank details, CDS account details etc. Someone using what the need and know to obtain what they don't need nor know is a serious security lapse. Anyone in charge of information should make sure this never happens! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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MaichBlack wrote:@mlennyma - How is this different from your bank details? I classify shares as your car,house,plot,etc,this is money not converted yet,, bank accounts deal with money but it seems the professional ethics in banks may be different, from brockrage "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Did they give the bank details? And they didn't send account statements rather they copied online clients while replying on an emailinstead of online share trading. how does one recover their password from CDSC? "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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Rank: Member Joined: 8/20/2008 Posts: 83
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This post is meant to potray D&B in bad light. What risk is there for someone out to know I have 18 shares of Kengen or 60,000 shares of Everyday? Someone tell me
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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kanyimwa wrote:This post is meant to potray D&B in bad light. What risk is there for someone out to know I have 18 shares of Kengen or 60,000 shares of Everyday? Someone tell me Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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kanyimwa wrote:This post is meant to potray D&B in bad light. What risk is there for someone out to know I have 18 shares of Kengen or 60,000 shares of Everyday? Someone tell me Let me jog your mind a bit. A couple of years back major companies were advising their employees not to walk around with their work IDs. Why? Kidnappers were using the name of the company and position to gauge how much ransom to demand for. A free lesson to people who don't understand data protection. You should only avail information to people (including employees) that they NEED to do their jobs. You should not ask what is the risk if so and so knew xyz. You should ask does so and so require to know xyz to complete their tasks? Visit this link to get some insights from people who care about and understand the importance of data privacy. Link: Data ProtectionNever count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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Do people on the road need to know the type of car i am driving?
If they don't, what should i do so that they don't assess the kind of ransom to demand going by my car?
Should i wrap the car in polythene bags or will old newspapers do?
Somethings are not worth the headache/secrecy.
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Rank: Member Joined: 4/20/2012 Posts: 888
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@Maichblack you are right. The other day I sent someone to pick a cheque for me with my ID and note to that effect. To clarify the Capital gain charge they printed my statement and gave it to the person I had sent to pick the cheque.
Question: The fact that I can send someone to pick my cheque does not mean I'm willing to share my statement details with that person. A statement should only be availed to the account holder. Indeed they need to exercise client confidentiality.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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mkeiy wrote:Do people on the road need to know the type of car i am driving?
If they don't, what should i do so that they don't assess the kind of ransom to demand going by my car?
Should i wrap the car in polythene bags or will old newspapers do?
Somethings are not worth the headache/secrecy. I agree  "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa
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mkeiy wrote:Do people on the road need to know the type of car i am driving?
If they don't, what should i do so that they don't assess the kind of ransom to demand going by my car?
Should i wrap the car in polythene bags or will old newspapers do?
Somethings are not worth the headache/secrecy. Comparing apples and oranges..... Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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@murchr, @mlennyma, @ kanyimwa and @murchr - Let me give you a simple test to gauge if privacy is an important thing. Post your full names, where you work/business premises and name, and your portfolio here!!! As a bonus, you can post the full names of your kids and where they school. No excuses. I haven't asked for your bank details. waiting... Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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On a larger scale and a more elaborate way,you want to say the ownership structure in companies should be made secret because if the major shareholders start to think like you,then you need approvals sijui from where to know who owns which shares...I cant agree on this one "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Records and searches are designed to answer the question "Does @mlennyma own this?" not "What does @mlennyma own?". The former is needed to conduct business transactions the latter is not! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Knowing who owns what in companies helps to build investor confidence in stock markets. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Financial privacy is only in once mind, not unless you have intentionally taken steps to "conceal" the information. You will be surprised how short it takes to get personal bank information. Well a friend who is in marketing was given the names and telephone contacts of signatories of some so well known company. Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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