SVS Securities - shut down?

johnburman

Although we can't see it at the moment,  ITI Capital know which accounts are ISAs.  They can, but only with difficulty and using a third screen.  It requires a special check by them.

supremetwo

Has anyone received answers via Support Request = My Profile - Support Centre? 
My issues are dated 2 August ID number 44xxx and no response at all.

manted

supremetwo said:

Has anyone received answers via Support Request = My Profile - Support Centre? 
My issues are dated 2 August ID number 44xxx and no response at all.

No response at all, my issues numbers are in 3 digits and no feedback on any of those items

Madmel

Has anyone else received another contact from a solicitor?  I was telephoned a couple of weeks ago by someone from SJS  who are apparently based in Liverpool trying to get me to sign up as I had been mis-sold something but she could not say what.  Today I was called by a young man working for a "Leeds-based" firm, Oakwood solicitors.  He has emailed me but was vague about what I have been mis-sold and all they want is my authority to act plus ID verification.  Apparently the commission I paid was "too high" - I thought it was always SVS' flat rate of £20 for a recommendation.  Then he said that SVS directors were directors of some of the companies and this is not allowed so he wants to seek compensation.
I am fed up of the whole thing.  Nobody will tell me which stocks are apparently problematic, so I am concerned that this is akin to PPI claims and other spurious cold-calls.  Thoughts welcome.

I am heartened to read of people ringing up and liquidating their portfolio and think this is the way to go.  I did not ever trade myself as I simply don't have the time, energy, funds or inclination.  Thank you for reading and I really hope the end of this whole fiasco is in sight.  Now I have GCSE results to look forward to tomorrow; as a teacher, I am wondering which disaster is worse...!

API45

Yes I had a call from SJS a few weeks ago and then received a document to sign that would give them access to all my trading history and not just the advisory account - SJS claimed there was mis selling on the advisory account and that I can believe based on my losses !! However they spoke of a no win no fee arrangement and on investigation there were expenses not covered, combine that with the poor reviews on line and poor quality of the original email - I have so far decided to steer clear, however do agree there was mis selling as SVS often failed to state their margin on advisory products and in fact that they were clearly not advising in the clients best interests. If a recognised decent solicitor approached I may take a different view on progressing,but as of now with this whole fiasco already I'd steer clear....

Madmel

Thanks API45.  Having also had the SJS call, I wonder if I'm on some kind of "suckers' list".  I have just opened the document the guy today emailed me.  They have my name and address on it, but I have never consented to them having this information so have asked where they got it from.  I suspect LC but may be wrong.  Not happy that it's being handed on - is this a GDPR breach?

API45

Madmel - I had a call with ITI and they confirmed they were in a partnership with such an outfit, and SJS in their document cover mentioned they had a profit share arrangement with ITI - so there's the origin - Yes GDPR I would think does come into play as we have provided no consent to my knowledge

Nbs222

leonde  wrote: Unfortunately, within the last few days it is gone back to how it was before.

same here,  was corrected and now gone back to as it was , they must have done some  sort of restore.

johnburman

We can now complain to the ICO about ITI wrongfully transferring data to SJS.  There must be a Regulator out there whom ITI is not breaching their regulations.  We need ITI to get the transfers from them to the new brokers going ....
And what about compensation from them - remeber we cant get our money and we can not trade. 

9406824

4 weeks this Friday from when we were meant to be able to access our assets.

like !!!!!! were is the FCA and FOS with regard to consumer protection.

nobody seems to give a crap over this complete disaster.

no one seems to want to take responsibility.

I am totally lost for words - surely some sort of class action needs to be started to get some compensation.