The links below provides some very disturbing reading about errant brokers squadering their clients money. This exemplifies some of the complaints/frustrations I have read and heard from many individual investors more so those from abroad, it appears that some of the brokers disregard small investors. Poignantly, it is clear that CMA arent doing enough and are too slow to act even where their credibility is under threat. However, i believe this should not put off those who have been investing in NSE instead it should be an eye opener of what can go wrong.
Although some of the solutions lies beyond individual control, coming together as an investment group similar to what KCIG have done and having a reputable account manager who we have direct contact with, can provide some of the safeguards.
Read the articles for yourself and do something to safeguard your hard-earned investments and 'pole' for those who may have experienced these problems.
http://www.eastandard.net/hm_news/news.php?articleid=1143965431
http://www.eastandard.net/archives/cl/hm_news/news_s.php?articleid=1143965393&date=27/2/2007
http://www.eastandard.net/archives/cl/mags/fs/news.php?articleid=1143965394&date=27/2/2007
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