SVS Securities - shut down?

Jamesram

OK some light relief and good news. Good news- iWeb just told me that transfer of all my 10 stocks from ITI is in progess right now.

Bad news- ITI have insisted that 3 Aim stocks (from qort SC ac) are to go into my iWeb ISA, and the other 7(from Phoenix ac) should go into my trading account. Wrong!  They should all go into my trading account with iWeb. Readers who give a stuff might recall that my cash only ISA was transferred over two weeks ago- much as I would like to top it up with rogue additions, the taxman might object. The poor staff at iWeb (where ITI is of course now notorious) who have to sort this out, were very helpful and competent, but what a pain..

SO  the moral is take nothing for granted with ITI Capiatl- if it can go wrong, it most probably will!

johnburman

Jamesram look at least you are being transferred... Or at least it is in progress.
You need the transfer to happen and then sort out the problems. iWEB will not want this as it's more hassle for them. But you don't want to hold up the transfers. ITI must be on borrowed time now as the complaints against them are increasingly likely to make the FCA actually do something. You have showed that the CASS rules are being broken by ITI. 

As an aside have iWEB told you that they will be doing the transfer in a batch in a couple of weeks and not individually? 

johnburman

Bizarrely some of our new brokers are feeling the strain with all the new clients transferring in. So we need to put pressure on them to get things moving now they have got the ITI valuations. Unless they go back to ITI with a transfer date we will be delayed even more. 

rnf11

johnburman said:

Bizarrely some of our new brokers are feeling the strain with all the new clients transferring in. ..................

Christ!. That's hardly surprising is it?

Jamesram

Reply to John Burman at 2.17 above: No worries John- iWeb told me that they "have" all  the shares- which they will post to my correct iWeb trading account today after sorting the mess. I was just making the point that you can take nothing for granted with ITI- they need watching.

I don't know anything about "batches" I am afraid, other than the 250 IWeb transfers ppreviously mentioned. Mine seems to have been a one off

Jamesram

Nbs2222 said above"I agree with Johnburman , transfers should be the priority  How do we get timeline from ITI for transfers apart from writing to ITI, LC and getting no reply. On the 14-sep-20   update they don't even mention transfers. Is there any other way to get timeline for transfers from ITI."

IMHO the only way to move this on is to cause at least embarassment, and preferably, a level of professional and reputational FEAR (not of violence or other illegaliity, of course) in the minds of those people who have the power to speed matters up. I and others have already been on Rahul Agarwal's case, including exposure through Linkdin- it simple and free to join, which lets you post Comments in reply to anything that other members have posted.

Rahul is a member, so are the 2 Directors of ITI Capital  Dennis Fulling and Oleg Zhelezko (who both run DaVinci Capital, I believe) Oleg is also Chairman of ITI Group, Dennis is a Board member.  You can view them and their stories at https://iticapital.com/iti-group/#home So far neither of these guys has been put under any pressure or exposure. People like this need a reputation and do not like exposure.

I am sure people who agree with such tactics can think imaginatively as to how these Directors for instance could be encouraged to intervene and provide resources. I will be doing so myself shortly- I do need a brief break. (think imaginatively that is- not provide resources)

Now my body is in want of  character this board tells me again  what am I doing wrong in trying to use the "" quotes copy? OK cut n pasted my way round it

My2penneth

johnburman said:

Bizarrely some of our new brokers are feeling the strain with all the new clients transferring in. So we need to put pressure on them to get things moving now they have got the ITI valuations. Unless they go back to ITI with a transfer date we will be delayed even more. 

Just shows how many people want "out" (and these transfer requests might be spread over many other brokers, iWeb,HL, Halifax, ii, IG, AJ Bell ,+,+?). 

Thrugelmir

rnf11 said:

johnburman said:

Bizarrely some of our new brokers are feeling the strain with all the new clients transferring in. ..................

Christ!. That's hardly surprising is it?

I didn't know whether to laugh or cry reading that comment. Unbelievable. 

collin618

Thank you for the recent email addresses for LC, I'm in the process of trying to transfer a SIPP that has not been onboarded.
I would be grateful for any email addresses for ITI Capital that have had responses?
If this ends up with ITI going bust could a claim be made on LC and would LC be insured against such a claim?
On a separate note does anyone have info on CORPORATE FINANCE BONDS LTD I see the director has  ANDERSON, Stuart James has moved to United Arab Emirates

Jamesram

Actually, just thought - isn't there a new sleepy Baby Oleg available at Compare the Meerkat - maybe we should all send Mr Zhelesko one with an appropriate message attached, inviting home to WAKE THE F**K UP ?!!