SVS Securities - shut down?

masonic

snipkin said:

Is there any reason that the administration deal with SVS could collapse in that way? Anyway, let's hope everything goes through smoothly and we finally get access to our assets in mid July as promised.

It is of course possible, but seems quite unlikely given where they are in the process.

Thrugelmir

Last October is less than a year by my reckoning. No doubt the events of the past weeks have got in the way. 

manorhouse

I WONDERED IF THIS GUY HAD CONNECTIONS TO SVS ?

{Text removed by Forum Team - See: https://www.moneysavingexpert.com/site/forum-faqs/#0134527239 

masonic

manorhouse said:

I WONDERED IF THIS GUY HAD CONNECTIONS TO SVS ?

Carbon credit crook is jailed for eight years
Sami Raja, 32, from Grays in Essex, was convicted at Southwark Crown Court of mis-selling carbon credits as investments

He was connected with now dissolved Heron Global Partners Limited, though not as a director. He was previously declared unfit to act as a director and disqualified in 2016 for conduct while acting for Kendrick Zale Limited (now in liquidation) - another fraudulent carbon credit trading company.

englishmas

Be sure he will be back just after some holidays!! and will start another scam.As many  like him have done before.
I have no confidence on the system, Action fraud is a joke and these people  are too claver for the FCA.
Worry is the previous head of the FCA is now running the Bank of England.

gibson81

ITI Capital confirmed as the nominated broker by LC this morning
Link on the LC website

richardthe675th

From ITI website today:

Message for Clients of SVS Securities

As you are aware, the administrators of SVS have chosen ITI Capital Limited (“ITI”) to act as the single regulated broker to facilitate the return of your client assets and client money in an orderly and coordinated manner.

As part of this process, the vast majority of the SVS clients will become clients of ITI from the 11th of June, 2020. Your Client Statement made available to you by the Joint Special Administrators on 18 May 2020 identified which of your clients assets and/or client money are proposed to be transferred to ITI.

We will contact you individually with specific instructions on how to register for an account at ITI in due course. At this stage we are not in possession of your personal information or current holdings and therefore we are not currently in a position to assist you. We expect this to occur around the mid- July timeframe. Any query which you may have in the meantime should continue to be directed towards the Joint Special Administrators either by telephone on 0203 457 4871 or by email at svs@leonardcurtis.co.uk

manted

I wasnt able to find a link on ITI capitals website for opening an ISA account. Not sure if they are authorized to open ISA accounts or if that's a new service they are going to launch.

eskbanker

manted said:

I wasnt able to find a link on ITI capitals website for opening an ISA account. Not sure if they are authorized to open ISA accounts or if that's a new service they are going to launch.

https://www.gov.uk/government/publications/list-of-authorised-isa-managers/isas-authorised-managers includes them as authorised.

manorhouse

Looks like a Russian outfit .
Expensive ?  Will we have 3 months from date we can access our accounts to move ?