Beaufort Securities

capital0ne

Malthusian wrote: »

As the Sunday Times is behind a paywall and the specific assertion hasn't been quoted, I can't answer it directly. However, the text quoted above is simply wrong. Any losses resulting from Beaufort failing to ringfence assets correctly and PWC subsequently having to sort the mess out will be covered by the FSCS. While it is theoretically possible for someone to lose 40% if they had enough on the platform and the FSCS compensation cap will apply, no-one's loss can be quantified as "40%" at this point.

Remember that someone who invested money in worthless toxic junk via Beaufort has not lost anything due to Beaufort's collapse. They have lost all their money, but their losses are due to the toxic junk, not Beaufort.

The paywall was buying a copy in Sainsbury last Sunday - hehehehe!

Alibert

Jessop if you don't mind me asking .. why did you choose Beaufort and what sort of assets were you holding ? Were they your broker or your advisor ( I had never heard of them until they went under)


(Aside .. your allegations of corruption by Beaufort are much lessened in impact by your scattergun similar allegations of corruption at pwc , the FCA and IFAs generally )