SVS Securities - shut down?

shawdon

Progress or rather lack of progress update:
Still only 2 out of 10 accounts transferred to HL despite now waiting more than 8 weeks for the transfers to be actioned!
For those 2 accounts which have been moved, ITI have now zeroed out the shares on the account which makes sense although of course i am still waiting for the dividends to be moved across.
Still waiting for my AVIVA dividends (paid on the 24/9) and my BP dividends (paid on the 25/9) to appear in my ITI accounts, at the moment they are just invisible and of course this is free money for ITI. Has anyone else managed to get these dividends into their accounts? The RDSB dividends paid on the 21/9  did actually appear fairly quickly which surprised me!

olderbutnowiser

SteveJohnson56 said:

I emailed Oleg.Jelezko@dvcap.com letting him know the appalling service ITI were providing and that I will be submitting multiple complaints to the FOS for withholding my cash denying me access since July 23 2020, not replying to complaints, causing me stress and that I will claiming compensation / statutory interest at 8% and a £650 fine from the FOS, and within 30 mins I received a reply that my complaint was being passed to Ruhal. He emailed with an hour or so saying my cash would be in my account that day, it was. He then offered to phone me which he did at a time of my request and I let him have both barrels.
He seemed polite and courteous enough, reassuring even but ITI are clearly struggling with well known issues but he tried to make out they were getting to grips with the problems, but was it all just spiel.
Rahul.Agarwal@iticapital.com

Believe me, i've had stomach pains because of all the stress, I HATE THESE FCKERS.

Thank you for assistance Steve, I will now try again to get a response from them.

I am in a similar boat to you regarding all the stress that this is causing us and none of this should be happening to us. I think that without this forum I would be going completely mental.

jenwrendorset

shawdon said:

Progress or rather lack of progress update:
Still only 2 out of 10 accounts transferred to HL despite now waiting more than 8 weeks for the transfers to be actioned!
For those 2 accounts which have been moved, ITI have now zeroed out the shares on the account which makes sense although of course i am still waiting for the dividends to be moved across.
Still waiting for my AVIVA dividends (paid on the 24/9) and my BP dividends (paid on the 25/9) to appear in my ITI accounts, at the moment they are just invisible and of course this is free money for ITI. Has anyone else managed to get these dividends into their accounts? The RDSB dividends paid on the 21/9  did actually appear fairly quickly which surprised me!

Our BP dividends have not appeared, nor have Legal and General, both were due approx. same day (25/9) - I know L&G has paid their dividend as iWeb credited my account with the dividend (these shares were purchased in June so nothing to do with ITI.)

Nbs222

Quite a few dividends are missing , It seems ITI doesn't have automatic system to credit  dividends   and   most of their processes are semi manual , resulting in very slow service regarding transfers , withdrawals etc.

Researcher16

Update

·         My son’s shares have been transferred to HL (phew!).

·         No valuations have been received by HL or Equiniti for my husband’s and my shares despite assurances on 22nd Sept that valuations for my husband’s account had already been sent to HL and valuations would be sent by the end of last week for mine to Equiniti.  Equiniti sent a message on 25th Sept: “Our transfer team have informed us that ITI Capital are experiencing busier than usual volumes, we have chased your transfer but have no further updates at this time”.

·         Aviva should have paid an interim dividend on the 24th September.  My son and I both hold Aviva shares but there are no corresponding dividend cash amounts in any of our accounts,

Sheris

RasputinB said:

Michael_Reynolds said:

Clearly we have been asleep at the wheel where LC are concerned. They have walked all over us at every stage in the proceedings ..

Now we know that we should have been at every meeting we could have attended!

Who nominated the members of the Creditors' Committee?

Should XO clients have been given the opportunity?

I'm sure LC would have covered their backsides on this and I'll try to look through the paperwork later but I can't remember being asked if I'd like to nominate a member.

I already asked the question to L&C, who nominated the Committee ?
Answer the Courts, and who gave L&C the Administration ?

 

shahtx2

Hello everyone, is there anyway we can share our emails ? so we can form a Body to move forward as one Unit to send detail to FCA / LC / FSCA ?  Over 500 ppl complaining in this forum.  Or we can form a committee to represent everyone to get compensation for us and hear our pains.  Shahtx2 (xthahs@gmail.com).

sweetsand

You all need to make a complaint to the financial ombudsman.

Sheris

sweetsand said:

You all need to make a complaint to the financial ombudsman.

You all need to collect as much info as possible, I just keep asking for info that they are not willing to reply.
   

My2penneth

Please complain to the Financial Ombudsman Service.  The first 25 complaints are free but then it is £650  for every complaint thereafter ( guilty or innocent??.innocent...pleeeeze!).  ITI have  been extracting the urine. They only understand threats but be prepared to carry through!