Forum Archive Index - May 2000

[Chris <cd@ak.planet.gen.nz>]

Geoff, 
I'm a great believer in complaining to the right person first.  Have you 
spoken to the broker re your conerns directly?  If you do not get an 
adequate response, I would suggest the next step is approaching the MD of 
the brokerage and if still no satisfaction try an official complaint to 
the NZSE.  

I fully understand your annoyance but the risks of libel, as outlined by 
Phil, are worth considering.  Also, my experience is people thrive on 
indirect complaint.  Sparking a wave of broker discontent on Sharechat 
may drown us in a deadening debate for a few days.    

What I would like to see on Sharechat is a properly conducted poll where 
we get to vote *for* our favourite brokeages.  Ben I think this site has 
come of age, the Ditmus interview for example, and maybe it is time to 
construct and conduct a poll that sends a message to retail brokers not 
to mention the good PR for this site.  Do others share my sentiment and 
wish to uncover the Sharechat 'Best Brokerage' award winner.

Regards,
Chris
<cd@pl.net>

>Fair enough Phil but not to be informed of payments due!!
>----- Original Message -----
>From: "Phil Eriksen" <phil@acepay.co.nz>
>To: <sharechat@sharechat.co.nz>
>Sent: Monday, May 29, 2000 11:23 AM
>Subject: Re: [sharechat] Capital Properties
>
>
>> Geoff Ewert wrote:
>>
>> > Yes warn us who
>>
>> >      Another thing is that this broker did not tell me that these
>> >      shares were in the form of an instalment receipt with a
>> >      further 57c due even when I ordered 9000 at 62c.  Man I was
>> >      VERY green at the time.  I only found out further payment
>> >      was due a couple of months later.  Well I have since learned
>> >      a lot in a hurry.  Can I name people in this forum?  Perhaps
>> >      Ben can advise.  michael
>>
>> Geoff, do we really need a witch hunt on Sharechat?  If you are not
>> happy with the advice you are getting, switch brokers.  If you are
>> unable to identify a bad broker, put your money into managed funds and
>> avoid having to.  If you doubt the advice of all brokers, use an
>> internet service.
>>
>> Whether or not this particular broker is "good" or "bad" isn't the
>> point.  The point is that if you post some guys name as a "bad broker"
>> on the internet, that email is sent to all of us.  Some of us may save
>> the message.  Some may print it.  Some may give it to others.  Without
>> any proof, without any scrutiny, based entirely on the experience of one
>> person, somebodys name can be circulated to a large audience of people.
>>
>> If people want to make public the names of their brokers because of a
>> bad experience, well, Ben and Will may as well not be here - hire the
>> team from TV3's Target to run the forum instead.
>>
>> Cheers,
>> Phil
>>

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