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Why only one CDSC account?
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time? What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Sehemu ndio nyumba
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria
KQ ABP 4.26
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Boss, is this true Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Engage grey matter afore... As you rightly point out, you can NOT run all three accounts at one time. The example relating to bank accounts is deliberate...Only one central bank and settlement system. obiero wrote:Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria Sehemu ndio nyumba
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Mainat wrote:Engage grey matter afore... As you rightly point out, you can run all three accounts at one time. The example relating to bank accounts is deliberate...Only one central bank and settlement system. obiero wrote:Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria Though the database has a primary key of national ID, implying double application in IPO/PPO shall be noted
KQ ABP 4.26
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Rank: New-farer Joined: 7/18/2012 Posts: 76
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Am I a victim. I applied for Nse Ipo using my cds a/c and a friend whom we hold a joint a/c applied for minimum using the joint cds. Are we likely to be disqualified?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Why do you need more than 1 CDSC account, other than small time Ukoras. Life is short. Live passionately.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Why do you need more than 1 CDSC account, other than small time Ukoras.[/quote] I'd like the option of an account for longterm investments that requires a reputable broker who doesn't give care about responding promptly but sends a monthly statement and an account for IPOs and short-term speculative investments Sehemu ndio nyumba
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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patrazi wrote:Am I a victim. I applied for Nse Ipo using my cds a/c and a friend whom we hold a joint a/c applied for minimum using the joint cds. Are we likely to be disqualified? No.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mainat wrote:Engage grey matter afore... As you rightly point out, you can NOT run all three accounts at one time. The example relating to bank accounts is deliberate...Only one central bank and settlement system. obiero wrote:Mainat wrote:I can hold 43 bank accounts, umpteeth loans, but CDSC says I can only operate one CDSC account with one broker at a time?
What is this nonsense about? Why do I have sell my shares before I can open a CDSC account with another broker? Mainat I expect better of you.. Why not have two IDs? Its painfully obvious one person only needs one CDS.. Unless there will be two or more central depositories. Plus the element of having to sell before openin a CDS with another broker is false.. Maybe u were conned so that they obtain commission. I hold three CDS accounts in different brokerage firms, though only one is active.. I also have a CDS in Uganda, Rwanda, Tanzania, Ghana & Nigeria @Mainat, all the three can be active at the same time, from experience.
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Why only one CDSC account?
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