i am very fearfull"NIC has accused CDSC of allowing the fraudulent transfer of 300,000 of its client’s shares to another stockbrokerage firm, which subsequently sold them without the investor’s consent."
and this guys SMS alert and Email Alert does not function....one day we will wake up and realise our shares have been transferred

I think its time the cdsc is handled like all gvt securities and any holding there in guaranteed by the treasury.

Please read the whole story and you will find this:

"The 279,400 Barclays Bank shares, 24,207 Nation Media Group (NMG) shares, and 100 Standard Chartered Bank shares allegedly belonged to NIC Securities’ client Hilary Gabrielle Erculiani, a Caucasian female, but were fraudulently transferred to a Hilary Gabrielle Erculiani, a Caucasian man."

Now now, kwani they populate ones account using names instead of IDs? This kind of error should not happen because the system should give every individual a unique Key which in this case should be ones CDS Number. Infact the names are not necessary at all. So this is just fraud, which is very possible to track.

What matters is the identity that goes with a name even thousands of kenyans have similar names...this fraud smells.