₦airaland Forum

Ekpoma25:
Why not submit the complain via the whistleblowing portal of NSE.

http://www.nse.com.ng/regulation/market-surveillance/x-whistle-(whistleblowing)

Thank you: @Ekpoma25, @RabbiDoracle, @TLAX, @Agbalowomeri.

This has been resolved. NSE wrote to them and they acted promptly.

RabbiDoracle:
Did you put a price limit on your sale mandate you gave your broker?

Did you just write " Sell Bleep units of Stock A"? If you wrote this, then they will use your money and depress the market.

If you also wrote "Buy Bleep units of stock A", then they will use your money for market making.

Always state your intentions. Your mandates should always be like this:
Examples :

Buy xxxx units of Stock A at a price not higher than N10

Sell xxxx units of Stock A at a price not lower than N10.

Remittance to bank account takes T + 3 days. But if it is to your stock account, it reflects immediately.

Thank you RabbiDoracle, I gave a sale Mandate with a price limit. They acted negligently and will not even reply any of my mails.

bigjay01:
Yes, it is seamless only if the current brokerage house is responsive & committed to the transfer. Otherwise, it could linger and frustrate the hell out you.

I initiated a transfer of account but CASHCRAFT frustrated the effort with the excuse of my current address not conforming with what they have and bla bla. I dumped the idea and resulted to selling off .

[quote author=TLAX post=86371489][quote]You can always complain to NSE and get the balance if you are sure you gave a limit order and they didn't honor that. read your sale order mail very well. Going from the antecedents of that company as discussed here in the past I think the priority should be to get out your money they are holding onto first and then chase the difference later.By the way, you can simply transfer your CSCS account and all the shares in it to another stockbroker without having to first sell the shares. Its a seamless process.
[quote]Thank You TLAX. Just waiting to sell off all that I have with them. I moved a long time.

Why not submit the complain via the whistleblowing portal of NSE.

http://www.nse.com.ng/regulation/market-surveillance/x-whistle-(whistleblowing)


Thank You.

Hello good people, how do i handle a situation where my analogue broker(CASHCRAFT) decides to sell lower than the mandated price and has refused to remit to my bank account proceed of the transaction.

I was hoping to move the fund to my Investment One account, buy a few units of UBA for dividend and possible price increase.

This transaction was done on the 24th January, 2020.

Help a brother.
cc Agbalowomeri
cc RabbiDoracle
cc Currentprice
cc Marliannvestor

Hello good people, how do i handle a situation where my analogue broker(CASHCRAFT) decides to sell lower than the mandated price and has refused to remit to my bank account proceed of the transaction.

I was hoping to move the fund to my Investment One account, buy a few units of UBA for dividend and possible price increase.

This transaction was done on the 24th January, 2020.

Help a brother.

Happy Birthday Sir OGG.

Pls what is going on here?
...A respected member (Sir Jacob) that I hold in high esteem just called my attention to the issues here via what's up.[color=#990000][/color]
God knows am just seeing these things right now.[/quote]This what'up /WhatsApp word looks familiar!

From a new member.

To whom it may concern (Great minds on this forum).
There seems to be fire on the mountain with FBNH any thoughts as to why?

Help a brother ooooooooooo