Are Forsyth Barr crooks ?

[Balance]

https://www.forsythbarr.co.nz/instit...tment-banking/

I see Forsyth Barr still proudly proclaims their 2015 Deal of The Year - CBL Corporation $125m IPO!

https://www.nzherald.co.nz/business/...ectid=12158862

Even by the disastrous due-diligence standard of Feltex IPO (broke within 2 years of IPO), bringing CBL to market in 2015 when it had been insolvent from 2013 right through until receivership must be a new low for Forsyth Barr's credibilty as an IPO manager!

[minimoke]

Obviously the dirtiest fly covered turd can be polished up by the good folks at ForrBArr. I do wonder how some of them sleep at night.

[Balance]

Obviously the dirtiest fly covered turd can be polished up by the good folks at ForrBArr. I do wonder how some of them sleep at night.

Haha - that's a rather graphic description which a good lawyer should be able to use when taking a case against Forsyth Barr?

Remember the 'catch flies with honey rather than vinegar' Credit Sails deceptive promotional & marketing pitch by Forsyth Barr?

[Balance]

https://creditsails.wordpress.com/20...dy-cigarettes/

Worth a read just so that everyone is aware how devious Forsyth Barr is and how quickly they try to run away from responsibility and accountability.

Sorry but anyone who lost money participating in the CBL IPO and using Forsyth barr advice have only themselves to blame.

[whatsup]

Never forget that some "brokers " would sell their father if they knew who he was !!

[Balance]

https://www.stuff.co.nz/business/mon...on-cbl-failure

"Trowbridge said the CBL failure was reminiscent of other insurance collapses, including Australia's HIH in 2001, because it involved "under-reserving" for future claims. Under-reserving is when an insurer does not set aside enough capital to ensure it can meet claims in the future. In the short-term that can boost growth as the company can offer lower premiums, but over time it results in an insurer going broke. Trowbridge said he was shocked at the level of under-reserving by CBL, which he described as "massive".

"That was a huge shock to me," he said."

Well, should be no shock whatsoever to those of us who know Forsyth Barr for either doing bugger all real due diligence or are simply totally incompetent before bringing the likes of Feltex, Wynyard, SCF, Evolve, Credit Sails and

now, clearly CBL *

to be sold to the market for their thirty pieces of silver (from the promoters).

* CBL was basically broke even before it listed!

[Ggcc]

https://www.stuff.co.nz/business/mon...on-cbl-failure

"Trowbridge said the CBL failure was reminiscent of other insurance collapses, including Australia's HIH in 2001, because it involved "under-reserving" for future claims. Under-reserving is when an insurer does not set aside enough capital to ensure it can meet claims in the future. In the short-term that can boost growth as the company can offer lower premiums, but over time it results in an insurer going broke. Trowbridge said he was shocked at the level of under-reserving by CBL, which he described as "massive".

"That was a huge shock to me," he said."

Well, should be no shock whatsoever to those of us who know Forsyth Barr for either doing bugger all real due diligence or are simply totally incompetent before bringing the likes of Feltex, Wynyard, SCF, Evolve, Credit Sails and

now, clearly CBL *

to be sold to the market for their thirty pieces of silver (from the promoters).

* CBL was basically broke even before it listed!

Hence why I don't rate Forsyth Barr at all. Their track record speaks for itself with advices........ MET being a buy about two years ago pfffft

[Valuegrowth]

https://www.benzinga.com/money/stock...s-new-zealand/
BEST STOCK BROKERS IN NEW ZEALAND

Forsythbar is one of them.

What is your best NZ broker and why did you select it? Thanks in advance.

[Nor]

Just use a no frills broker. Then all your mistakes are your own.

[Balance]

https://www.benzinga.com/money/stock...s-new-zealand/
BEST STOCK BROKERS IN NEW ZEALAND

Forsythbar is one of them.

What is your best NZ broker and why did you select it? Thanks in advance.

Wrong site to come to look for recommendation for brokers. Most posters here are DYO investors.

I personally rank Jarden & Craigs highly because of their access to good corporate deals & research. But unless you deal in big licks, you do not get any attention from them.