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Wahed Invest Malaysia, Good, Ok2, Bad?
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sgh
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Feb 11 2022, 12:34 PM
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QUOTE(skystrike @ Feb 11 2022, 12:06 PM) already request to full withdraw...better safe than sorry... That is US securities and commission correct? Have not come out with statement from Msia own. But knowing how Msia authorities work yes faster withdraw just in case. Now what if it happen to IBKR that will be HUGE as I know a lot of Msia,Spore investors use theirs for cheap fees for US trading. But I know IBKR hard to fail but still best to diversify your investment platform don't put all eggs into one basket. My personal opinion.
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sgh
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Feb 11 2022, 02:59 PM
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QUOTE(Takudan @ Feb 11 2022, 01:04 PM) Actually a good point... But this feels so weird to even diversify on brokerage. I guess I should diversify my emergency fund placements, bank account money, insurance and all that too? Like seriously, where does this end? I'm not being sarcastic, I too try to diversify my investments... But this is a worrying news to me that some other financial institution may have similar problem. It is up to individual I am just suggesting to even diversify on brokerage. Nowadays stocks,ETF are under their custodianship? Not say it will disappear if anything happen but for peace of mind spread among other brokerages look safer. But of cuz too many brokerage acct also hard to handle so keep to say 2-3? If all of them at same time all close shop really unlucky! As an e.g, just recently in Spore, some banks online cannot login. Imagine you only one bank account and that day want to login transfer funds or something cannot how? So if got a few different bank accts, still can login other bank do the transaction.
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sgh
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Feb 11 2022, 03:19 PM
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QUOTE(xander83 @ Feb 11 2022, 03:12 PM) Not rip as it is only being charged for previous misleading statement so it is only slap on the wrist and this can be settled by admitting to the charges and paid the fine which is easily done in US  Not wrong but still it shake up some confidence level of investors have in this company. If they can make misleading statement, what about their other stuff that is operating the platform at the ground level that have not been discovered? I don't believe no existing investor remains calm in this situation after all it is monies we are talking about.
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sgh
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Feb 11 2022, 03:40 PM
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QUOTE(skystrike @ Feb 11 2022, 03:36 PM) already withdraw my fund....will monitor 1st b4 deciding to enter back...at least until wahed settle this issue... you guys can monitor HLAL chart for tonight to see if there is any sell out.. i already experiencing big loss at bursa due to company having audit issue even their fa is strong previously...you guys sure know this company..😂😂😂 What if a lot of investors like you initiate withdraw all funds and somehow at the short time company do not have enough funds to meet? So they will process based on first come first served basis? If yes you will be good. If no then how monies stucked inside?
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