SVS Securities - shut down?

sweeter_strudel

11 reviews left on Ttustpilot for ITI Capital.....so far....
All give them the lowest possible rating of one star.
Says it all.....

My2penneth

sweeter_strudel said:

11 reviews left on Ttustpilot for ITI Capital.....so far....
All give them the lowest possible rating of one star.
Says it all.....

That's 11 stars more than ITI Capital have been worth. 

Sheris

Aripotter said:

Bring back SVS, ITI Capital should have been the ones that were investigated. Financial company, more like a circus with clowns running the show. Lets see what happens in September but I'm not holding my breath!

Totally agree, one year plus of complete madness, incompetence and any word in the dictionary that one can find to describe this situation that still continues.        

Ravima

Still nothing heard from ITI. Methinks I need to file complaint with FSCS tomorrow.

shawdon

Most of my accounts are still showing as empty with all the cash and shares worth £0, in fact the shares have completely disappeared and the site is still unpadlocked and showing as "not secure". I think the FCA and the FSCS will be busy again for the next 12 months. What a monumental !!!!!!-up!

My2penneth

Ravima said:

Still nothing heard from ITI. Methinks I need to file complaint with FSCS tomorrow.

FCA .....on Tuesday! 

johnburman

Shame on you for not contacting the FCA already. Why are you delaying...? 

Monsieur_Bourse

Not sure that it is really worth complaining to the FCA Ravima, I received my reply to my complaint this morning. All the usual garbage, they are monitoring the situation, we can't tell you what action we are taking and wishing me the best of luck! Totally pathetic. We are now approaching 6 weeks of not being able to access our accounts, and the FCA are still monitoring the situation. Big deal!

johnburman

No thats not right M Bourse.  Yes they formally can not take action on individual complaints - we have been through all this before - but collectively they monitor and supervise a regulated entity.  And  they are monitoring and how will they know if there is a problem if they have no information of complaints/unhappy  clients?  Further the FCA know of "teething troubles" with on-boarding but not the complete shambles that is ITI.  Nor their refusal/inability to transfer out to other brokers.  So we clients must TELL THEM.

in addition that will also form part of the evidence of complaints one makes to the FOS (made now or later) for requests of compensation.  I've already made one; and will continue making...and many other clients will too.  the FOS will ask, quite properly to see the complaints made, and all the emails to the FCA, an dot ITI itself of course will form part of that claim.

My2penneth

All of what JohnB said!
In addition, if this draaaags out we will be in fee paying time. 
This is all very concerning!