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CFC Financial sending people to agents
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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My 2 cents wrote:I have not received this email. You are probably in the big leagues contrary to what your screen name suggests.  Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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jamani wrote:
The recent review of our business model that seeks to create a more efficient and effective retail distribution channel for our clients refers.
To ensure a seamless transition during this process while maintaining high standards of service delivery to you, we wish to inform you of the two new customer contact points that we have created.
QW25091985 wrote:
I really cannot understand what cfc management is thinking ?
Delegating such a vital part of the business to some make shift agents somewhere is a bad business plan .
@QW I think so too. They need to clearly tell their retail customers what services are being out sourced. These Centsavvy etc mey end up being the Nyagas and Discounts of tomorrow. Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Gatheuzi wrote:I also got the email. How do i trust my cash with agents. No sure way of doing this.
What is the legal relationship supposing I use the agents. The Principal should be liable but we know what happened when Brokers like Solid Investments sold to NIC Capital. Those who were defrauded by Agents of Solid were told to make their claims to NIC. NIC, of course did not take responsibility
Will cfc be liable for any misdeeds on the part of the agents or am I just on my own? better talk to the investor compensation fund, but they will only pay you a maximum of KShs 50,000 regardless of what you lost.
These are serious questions. Nothing to add
Life is short. Live passionately.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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sparkly wrote:My 2 cents wrote:I have not received this email. You are probably in the big leagues contrary to what your screen name suggests. May be am being rewarded for loyalty. Have been with them since 2005.
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Rank: Elder Joined: 5/26/2009 Posts: 1,793
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My 2 cents wrote:sparkly wrote:My 2 cents wrote:I have not received this email. You are probably in the big leagues contrary to what your screen name suggests. May be am being rewarded for loyalty. Have been with them since 2005. unless the loyalty ends in 2005. I have been with them since 2006. They had an office in Eldoret then, that has since been closed. Did you update your KYC status?
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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sparkly wrote:Gatheuzi wrote:If one uses ATLite does one still need these agents? The only physical contact I have been having with the brokers is when i need to be paid, otherwise the system can work for me. @Gatheuzi that is where the problem lies. If CSFS is going to tell their customers to go to the Agents to be paid, if the agents are going to have access to clients' funds, then IKO CHIDA. Very true my brother. Can you imagine going thru a discount securities experience? obviously we have no capacity to conduct due diligence on the agents. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,070
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kenmac wrote:My 2 cents wrote:sparkly wrote:My 2 cents wrote:I have not received this email. You are probably in the big leagues contrary to what your screen name suggests. May be am being rewarded for loyalty. Have been with them since 2005. unless the loyalty ends in 2005. I have been with them since 2006. They had an office in Eldoret then, that has since been closed. Did you update your KYC status? Yes I am KYC compliant. They have my details.
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Not received the mail, been clicking send/receive the whole day. Hope Activelite does not go offline.
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Rank: Elder Joined: 5/26/2009 Posts: 1,793
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My 2 cents wrote:kenmac wrote:My 2 cents wrote:sparkly wrote:My 2 cents wrote:I have not received this email. You are probably in the big leagues contrary to what your screen name suggests. May be am being rewarded for loyalty. Have been with them since 2005. unless the loyalty ends in 2005. I have been with them since 2006. They had an office in Eldoret then, that has since been closed. Did you update your KYC status? Yes I am KYC compliant. They have my details.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Transfer pap! GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Why should sign I that consent letter to start trading CfC Stanbic Financial Services through an agent?¿ NO WAY!!!
Transfer Pap!!! Kuna broker mwingine amekuwa akinikatia.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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What happens if one does sign the consent? will one still get service?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Jamani wrote:What happens if one does sign the consent? will one still get service? I think you mean 'What happens if one does NOT sign the consent?' Because signing it could amount to signing goodbye note to your investment
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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mwekez@ji wrote:Jamani wrote:What happens if one does sign the consent? will one still get service? I think you mean 'What happens if one does NOT sign the consent?' Because signing it could amount to signing goodbye note to your investment Yes thats what i mean....(typo)
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mwekez@ji wrote:Why should sign I that consent letter to start trading CfC Stanbic Financial Services through an agent?¿ NO WAY!!!
Transfer Pap!!! Kuna broker mwingine amekuwa akinikatia.
Mgani huyo? Hata mimi nataka kukatiwa... Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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sparkly wrote:mwekez@ji wrote:Why should sign I that consent letter to start trading CfC Stanbic Financial Services through an agent?¿ NO WAY!!!
Transfer Pap!!! Kuna broker mwingine amekuwa akinikatia.
Mgani huyo? Hata mimi nataka kukatiwa... dyerandblair ... na wako na online trading system that is secure. wachana na the insecure cfc online that keeps asking me to change password every now and then. https://dyerandblaironline.com/TradeWeb/ Note the http s that is not available in cfc system DAMN!!! Am just mad that CFC entertained the thought of moving my account to an agent. How now!!! I chose CFC, not those agents!!!
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Rank: New-farer Joined: 2/9/2012 Posts: 17 Location: Nairobi
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I signed the consent form to enable me transact from 2nd May, but Am definitely moving out of CFC. What is the procedure of transferring?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mwekez@ji wrote:sparkly wrote:mwekez@ji wrote:Why should sign I that consent letter to start trading CfC Stanbic Financial Services through an agent?¿ NO WAY!!!
Transfer Pap!!! Kuna broker mwingine amekuwa akinikatia.
Mgani huyo? Hata mimi nataka kukatiwa... dyerandblair ... na wako na online trading system that is secure. wachana na the insecure cfc online that keeps asking me to change password every now and then... DAMN!!! Am just mad that CFC entertained the thought of moving my account to an agent. How now!!! I chose CFC, not those agents!!! This doesn't look like ending well. If CFC with their corporate customers and strong brand that enables them to get referrals from abroad are feeling the heat of the bear and high costs... How will the Agents survive, unless they use a very low cost high volume model? For now the volumes are non-existence so they are taking retail customers to the KICHINJIO. Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Genghis Capital, tell us the progress of your online trading system. We are shopping for a broker
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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mwekez@ji wrote:@Genghis Capital, tell us the progress of your online trading system. We are shopping for a broker weeeeeeeeeeeeee! kuja hapa . s.i.bif you value stock market research and like to follow and where the moves are sib is the number one choice ! if you find a better alternative please tell us we move there enmass , pap !
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