SVS Securities - shut down?

manorhouse

All very good and thanks for the education .
However the MPs useless when my Bradford  and Bingley shares were stolen a few years back.
And there was an action group fat lot of good that was.
Maybe you have to think about the balance of probability .

Thrugelmir

manorhouse said:

However the MPs useless when my Bradford  and Bingley shares were stolen a few years back.

Stolen?  At least keep to the real facts. 

johnburman

bowlhead99 you have done your best.  Can i be shorter.
1   what is the likelihoond overseas brokerage will break the client segregation rules
2  how strict is the regulator re: 1
3  does th eregualtor accept english emails?
4  is there a compensation scheme and how good is it?
I do not know 1-4 for Trading 212 in Bulgaria, BUT i do know they are regualted by the FSA here
I do not know the Dutch Regs for De giro, nor Italian for Fineco, and therefore I'm not dealing.
and know the compensation limits if you do deal.

masonic

Regarding foreign rules, regulators and compensation schemes, you might get more responses if you started a new thread. There is a limited audience in this one, and it is a very different subject to the one in the thread title. I think everyone who is likely to do so has already opined on the subject.

manorhouse

Yes lets go back to asking why its taking so long .
Much better use of time .

Thrugelmir

manorhouse said:

Yes lets go back to asking why its taking so long .
Much better use of time .

Will help put lock down into context. 

masonic

manorhouse said:

Yes lets go back to asking why its taking so long .
Much better use of time .

You do realise you don't have to confine yourself to a single discussion thread on this forum, don't you? I'm not suggesting people stop discussing other more constructive things - far from it: I'm encouraging that they do so, but in a new environment where they might receive contributions from new people who have something to say that hasn't already been said by the small number of people following this thread.

Clearly hearing the opinions voiced so far isn't bringing satisfaction or closure or the same questions wouldn't have been asked again. If searching for a different response, there is a better chance finding it if you involve some more people in the discussion. People most knowledgeable about foreign rules, regulators and compensation schemes might not click on a thread entitled "SVS Securities - shut down?" Confining discussion about other matters to this thread only serves to reduce the quality of discussion.

It's just a thought, but rather than returning to asking why it is taking so long, perhaps regular posters here could wait until there is something new to discuss about SVS and the administration. Fear not, the thread will not be closed down if there are no new posts for a few days.

johnburman

Thinking which broker is best for ones own specific needs, if the one selected by LC is/may not be suitable, shoudl be of interest to at least a few former SVS clients
Trading 212 has no commisison and no inactivity fees; Degiro is cheap (but overseas with stock lending)) and Fineco are new to me, but cheap and are an Italian bank. All useful stuff I would have thought for SVS clients?

AND
The SVS Creditors Committee meets to-day.  I wonder when we will be told their decision?
 

manorhouse

I agree with both of the last two posts , lets have both.
I'm not young and slow with tec so maybe someone else might find that simpler to set up. 
Now the one i had in mind when i first learned of SVS agro  was interactive broker as i will have much more then the limit they charge for holding stock .
( well i did then lol )
As you know i was always confident we would lose nothing but the inconvenience of lock in .
( Have the woodford lot been unlocked yet ? )
Thank God i did not open before the switch over as i would of been paying fees for last eight months .
I do not like waste as might be evident.
I hope some might give the cons of IB as some did for Degiro i am greatfull for that.

masonic

johnburman said:

Trading 212 has no commisison and no inactivity fees; Degiro is cheap (but overseas with stock lending)) and Fineco are new to me, but cheap and are an Italian bank. All useful stuff I would have thought for SVS clients? 

I agree, but questions have been asked about these brokers and what might happen in practice if they were to fail too. I think they are valid questions and worth pursuing, but there is little point in doing so if you don't ask anyone you haven't asked already.