SVS Securities - shut down?

johnburman

My2penneth you now have evidence of ITI 'losing' your shares.

Make a specific complaint to the FCA
Likewise the LSE 
A claim on the FSCS
and finally on LC on the grounds that either they or ITI have 'misappropriated' the shares. 

johnburman

It's the *evidence* point I wanted to make My2p
A man of your sagacity will know how to complain I know. 

My2penneth

Just a copy for reference

shiznit76

i am lost for words M2P. I haven't had any letter from Iweb, now fear same arriving on my door step next week

Jools2001

Only in the UK, could this sort of !!!!!!, be allowed to happen!
FCA, should sort it out immediately, as we are all losing thousands of pounds,
by not being able to access our shares, to sell, buy,resell, to make a profit!

Im sorry but LC are to blame for all this, they chose a broker who could couldnt organise
a p up in a brewery, and obviously arnt upto the job, despite  MONTHS OF complaining LC, STILL HAVE NOT SORTED IT OUT!


Absolute joke!  all at our expense, whilst they just take thousands in fees, for what!!!!!

n_aftab

My2penneth said:

Just a copy for reference

who is it left up to sort this mess out? you and iti or will people have to go back to LC to get some ideas of what was listed in your account, unfortunately you wont be the only one who this happens to, and its a total disgrace people have been left in this position when an administrator has been paid millions to sort this out.

My2penneth

I wouldn't mind but
(1) ITI Capital should bloomin' well know what is in my accounts
(2) I'd actually emailed and agreed accounts with Argawal ..line by line, share by share, quantity by quantity.
I suspected that they had lost details on what should be in my account - why would they feel the need to ask me? 
 
Who sorts it out.?...muggins here on the end of a phone to a call centre in South Africa because he can't get through to an office in London. 

Of course, my valuation reports are one of many that ITI will claim they have processed and sent to the new brokers....I wonder how many others are getting reports of "nothing in the account"? 

This situation is wearing rather thin! 

(still, all these conversations are good reminders for my complaint to the FOS).

shiznit76

did you not confirm with Iweb already what holdings were in the valuations ITI had sent over? When i checked with Iweb they knew all my holdings in both my Qort and Phoenix accounts, even though i had only gave the the account number for the Quort account (this was the only one i had when i put in for a transfer)

Sheris

My2penneth said:

I wouldn't mind but
(1) ITI Capital should bloomin' well know what is in my accounts
(2) I'd actually emailed and agreed accounts with Argawal ..line by line, share by share, quantity by quantity.
I suspected that they had lost details on what should be in my account - why would they feel the need to ask me? 
 
Who sorts it out.?...muggins here on the end of a phone to a call centre in South Africa because he can't get through to an office in London. 

Of course, my valuation reports are one of many that ITI will claim they have processed and sent to the new brokers....I wonder how many others are getting reports of "nothing in the account"? 

This situation is wearing rather thin! 

(still, all these conversations are good reminders for my complaint to the FOS).

Muggings here as well, trying to solve out the incorrect shambles from L&C of which they have charged me the cost of 10k of tax payees money, unbelievable where my taxes are going.      

My2penneth

shiznit76 said:

did you not confirm with Iweb already what holdings were in the valuations ITI had sent over? When i checked with Iweb they knew all my holdings in both my Qort and Phoenix accounts, even though i had only gave the the account number for the Quort account (this was the only one i had when i put in for a transfer)

I was surprised they had actually sent anything....even "nothing".  But they will tell the FCA that they've sent out valuation forms to brokers. I asked iWeb last week if I'd have chance to verify but they said ( I misquote) not to worry my sweet head ( I was concerned that ITI would miss out a few shares....not ALL of them) and it was rare to mess this stage up. I,of course , knew that we are dealing with ITI here! 

I must admit that I only gave the qort number because ITI told me that they would sort everything out...besides, what is in PX should match the SC accounts....but they don't as we know!