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The 'Mistreatment' at Kingdom Securities
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GhettoMafia
#1 Posted : Wednesday, August 12, 2009 11:04:00 AM
Rank: Member


Joined: 7/23/2009
Posts: 19
I sold my shares at Kingdom Securities/Bob Mathews exactly two week ago today. I was to get my cheque after four working days. From them,numerous visits have only yielded stories,promises and excuses - I sold these shares coz I need the money badly,these guyz do not see this,and they have sat on the funds. This Kingdom was previously Bob Mathews,could not be in business because of messing up payments - did Kingdom buyout Bob Mathews to continue along the same line? When will we trust some brokers? Beleive me some are very good,very efficient.

Money Is Power
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Agra
#2 Posted : Wednesday, August 12, 2009 1:47:00 PM
Rank: Member


Joined: 4/22/2007
Posts: 96
Location: Agra, India
You aint the first one but howcan we be able to sue such brokers who refuse with your cheque?

NAMASTE !Don't be unrealistic with your expectations
It's easy for investors to get emotional and prejudiced when trading, but computers don't
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Bobb
#3 Posted : Thursday, August 13, 2009 6:51:00 AM
Rank: Member


Joined: 9/25/2008
Posts: 52
Is this not the company owned by the Kingdom Bank (Co-op Bank)? Am in the same building with them and am forwarding this to their customer care Manager now.

BOBB
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GhettoMafia
#4 Posted : Thursday, August 13, 2009 8:06:00 AM
Rank: Member


Joined: 7/23/2009
Posts: 19
I think the best way is to name,shame and keep off completely errant brokers. Some of their bosses claim to be very well connected with the justice system - police,courts,etc,and beleive me,they are!!


Money Is Power
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mukiha
#5 Posted : Thursday, August 13, 2009 8:41:00 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
My advice in these cases is always the same:

Don't complain verbally.... WRITE your complaint to CMA and NSE and copy to the broker. You will see how quickly they will act.

Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow)
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Gordon Gekko
#6 Posted : Thursday, August 13, 2009 10:28:00 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
@bobb,kwani hujafika kwa yule mdon wa Kingdom?
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eriko
#7 Posted : Thursday, August 13, 2009 11:52:00 AM
Rank: Member


Joined: 6/26/2008
Posts: 21
Boss,

Move your portfolio to Equity Bank.

You can sell your share and get the funds in the same day,from any branch in the country.

Call us on 020 22262480.
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mwenza
#8 Posted : Thursday, August 13, 2009 12:15:00 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
@ eriko....... Before we all flood there......could u tell us what has caused the delay in the release of equity's haly-year results?



WOULD RATHER DIE FIGHTING 4 MY RIGHTS THAN LIVE FOREVER WITHOUT ANY RIGHTS
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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eriko
#9 Posted : Thursday, August 13, 2009 12:22:00 PM
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Joined: 6/26/2008
Posts: 21
results are being released at this very moment.
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mwenza
#10 Posted : Thursday, August 13, 2009 12:37:00 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
But why the delay......Going by your own high standards?

WOULD RATHER DIE FIGHTING 4 MY RIGHTS THAN LIVE FOREVER WITHOUT ANY RIGHTS
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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GhettoMafia
#11 Posted : Friday, August 14, 2009 1:50:00 PM
Rank: Member


Joined: 7/23/2009
Posts: 19
I finally got my cheque,I beleive posting this issue on SK helped me.

Money Is Power
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kamaumash
#12 Posted : Friday, August 14, 2009 1:56:00 PM
Rank: Member


Joined: 7/7/2008
Posts: 49
It is important when you are placing a sale order to inform the one taking the order TO indicate that you need a cheque done after the sale have bn done,otherwise they will assume u want to buy more shares and the money wil remain in the account waiting a purchase order.


invest slowly on a monthly basis dont wait till ati u get millions
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