Comments on: Watchoo Talking Bout Willis? http://www.kenyanentrepreneur.com/another-stock-docker-on-the-nse Hugh MacLeod: "In terms of becoming an entrepreneur, probably the most useful thing I learned in the last twenty years was how to enjoy my own company for long stretches of time". Fri, 12 Mar 2010 12:31:31 +0000 hourly 1 By: kenyanentrepreneur http://www.kenyanentrepreneur.com/another-stock-docker-on-the-nse#comment-3408 kenyanentrepreneur Wed, 18 Apr 2007 02:02:07 +0000 http://www.kenyanentrepreneur.com/?p=704#comment-3408 You can't leave us hanging like that. Identify these other cheaters. If these guys can't compete in an environment where the NSE is purposely locking out competitors (by charging almost a million dollars to start a brokerage firm) they'll get wiped out when this industry becomes more competitive. It sounds like he was just using clients money to go on shopping spree's and incorrectly thinking that he could recoup it when the market rebounded, but that's not where brokers make their money! they make money off the commissions on client trades.

You can’t leave us hanging like that. Identify these other cheaters.

If these guys can’t compete in an environment where the NSE is purposely locking out competitors (by charging almost a million dollars to start a brokerage firm) they’ll get wiped out when this industry becomes more competitive.

It sounds like he was just using clients money to go on shopping spree’s and incorrectly thinking that he could recoup it when the market rebounded, but that’s not where brokers make their money! they make money off the commissions on client trades.

]]> By: entrepkik http://www.kenyanentrepreneur.com/another-stock-docker-on-the-nse#comment-3407 entrepkik Wed, 18 Apr 2007 01:57:48 +0000 http://www.kenyanentrepreneur.com/?p=704#comment-3407 Other Nyaga-likes are there. By the time their problems come out in public, it would normally have taken toll on many a clients nerves. I did close my account with Nyaga 8 months ago after the whisperings about their position had become too frequent. Infact the problem normally starts with perpetual postponement of a clients cheque which many people would initially take as backoffice innefficiencies, and when this persists, they would just slip out quietly by transfering their holdings to another broker without reporting the problem broker to the regulatory authorities.

Other Nyaga-likes are there. By the time their problems come out in public, it would normally have taken toll on many a clients nerves. I did close my account with Nyaga 8 months ago after the whisperings about their position had become too frequent. Infact the problem normally starts with perpetual postponement of a clients cheque which many people would initially take as backoffice innefficiencies, and when this persists, they would just slip out quietly by transfering their holdings to another broker without reporting the problem broker to the regulatory authorities.

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