Capital Trust Broker in difficulty?

[කිත්සිරි ද සිල්වාTop contributor]

Is the Capital Trust Broker in some kind of difficulty?

Low Buying Power Red Flag

[ruwan326]

අයියෝ සල්ලි 

[කිත්සිරි ද සිල්වාTop contributor]

So far, no one has responded to my emails or SMS, and I'm still stuck with a very low purchasing power allocation.

I'm thinking about switching brokers. Do you have any suggestions?

Please let me know.

Thanks.

[කිත්සිරි ද සිල්වාTop contributor]

Just a quick update to keep everyone in the loop.

The Broker says that they are unable to adjust the buying power allocation on the ATRAD platform manually.

That means in simple terms that the broker is broke and they are unable to settle.

Please be careful, if you are dealing with the same broker.

I consider taking legal action against them in addition to reporting them to the CSE.

[කිත්සිරි ද සිල්වාTop contributor]

Only those who are interested will be kept in the loop.

The matter was reported to CSE and they have acknowledged receiving my written complaint.

Will revert back after conducting an inquiry into the alleged malpractice by the broker.

[slstockVeteran]

CT is broker who platey huge games at CSE. It no secret.

There pet promo shares
a) EXPO was Rs 400 few months ago.  Now Rs 148.  
b) BIL was Rs 17 now Rs 5.3
c) LOLC Rs 1400 now Rs 400+
d) LOFC Rs 40 now Rs 5.6

etc etc

I am sure there are ot of people who they gave credit or in margin in huge mess now.
Also CT buys shares in their personal  accounts. ( right or wrong)

So there is no guessing CT is in big toruble with this downfall.

They will try to push up their PET shares at any opportunity with market greens

[ruwan326]

CT is my broker firm since 2009, But they done so many mistakes and wrong doings by promoting /demoting/ manipulating etc...

It is time to face the music.... Even convicted murders getting pardon and freed, will CT face the charges ???

[කිත්සිරි ද සිල්වාTop contributor]

Finally, they were forced to restore my Buying Power but CSE has no teeth to force them to pay me compensation for lost opportunity.

[කිත්සිරි ද සිල්වාTop contributor]

This morning I realised that they have returned to their old crooked ways by reducing my buying power to 0.02.
The matter has already been reported to CSE and awaiting their intervention.
I think this is not a trading hut to be trusted anymore.

[කිත්සිරි ද සිල්වාTop contributor]

Glean from the conversations I have had so far with my broker and the CSE, as are under.

Though no one wants to admit officially that most broker huts' credit exposure is too high, especially with so-called high-net-worth investors, therefore they have been warned not to force sell any to avoid a total meltdown of the stock market in a couple of hours.

If anyone wants to invest in stocks in this condition, better think twice before jumping in.