SVS Securities - shut down?

Monsieur_Bourse

That is good news indeed mf11 to hear that ShareSoc are involved in our plight, thanks for posting that information. As stated by the ShareSoc Director they are prepared to take this to the highest level. They seem scathing that ITI were approved as the broker and probably totally amazed that they were chosen with the blessing of the FCA.

As I have previously stated I think that LC and the FCA have a lot to answer for.

Nbs222

Our status today

ISA cash doesn't show in two accounts  either in PX or Qort , cash  has just disappeared.

In the third  PX account account does show ISA cash.

 Stock holdings  positive and negative  ,  but  corresponding PX  account has no stocks and cash. So where are the stocks and Cash gone.

 

Two accounts on the dashboard are no longer duplicated, but have zero values, one account is still duplicated

 

 For one account Received email from  customerservice@iticapital.com saying Phoenix "Monthly Activity Statement" is available for a U****   account , what activity,  have not even logged in PX account.

 

Like MY2penneth have positive and negative values in red  for an amount I believe to be dividend.

 

Nothing correct, nothing makes sense.

Brynismydog

Just had emails from iti , monthly activity statements. What a joke, cannot do any activity with this set up. 
How about everybody raising this fiasco with their MP's to ensure this does not happen again, just a thought.

sweeter_strudel

Hear hear Monsieur_B!

Well said!

collin618

Yes just the cost of the online trade though

Danie6

At last! After sending them 13 requests since 27 July 2020 to transfer my cash to my bank account without any reply, it finally showed up in my bank this morning. My shares have been transferred out a while ago and I am now free, 10 years older and lost 20 years' sleep. Now I can start working on another claim to the FSCS.

shawdon

Mark Bentley has now posted the ShareSoc article on line which will give us great momentum is resolving our issues. Next steps are a formal escalation through the FCA and also parliamentary input if required. My MP is a certain Dominic Raab so I will be happy to request that he gets involved if needed.

https://www.sharesoc.org/sharesoc-news/svs-special-administration-a-scandal-in-the-making/

shawdon

I have also now received confirmation from the FCA that they are formally investigating my complaint that ITI are using an unencrypted website to carry out our online dealings which is also against their code of conduct so I think we are nearing a serious intervention. If they fail to act now they will look very silly if further problems arise.

My2penneth

The FCA might step in and instruct ITI to fix their IT website...they will have a grace period to do this. Hopefully my accounts will be long since transferred by then....he says , unconvincingly!

When I log into Phoenix,  my account is secure.. ( I also see a padlock on the address line, if I click on it   I get this msg)

desertorchid123

shawdon said:

I have also now received confirmation from the FCA that they are formally investigating my complaint that ITI are using an unencrypted website to carry out our online dealings which is also against their code of conduct so I think we are nearing a serious intervention. If they fail to act now they will look very silly if further problems arise.

Well done and thanks. This will ultimately benefit us all.