SVS Securities - shut down?

GeorgieC

ITICAPITAL said:

That’s me completely away from shiti crapital my £800 cash arrived today in my isa.
I feel so so sorry guys for those that are still stuck with these incompetent pricks.

the main people I spoke to get my situation resolved was 
Rahul.Agarwal@iticapital.com

Kaher.Ahmed@iticapital.com

Chris.Smith@iticapital.com

Muhammet.Artykov@iticapital.com

Leigh.Webb@iticapital.com

The people I found most helpful was Rahul Agarwal and chris smith but the person who for me actioned most stuff quickly and efficiently was Leigh Webb(Leigh.Webb@iticapital.com)

unfortunately he’s out of the office until 2/11/20.

I tried my very very best at all times to be as courteous as humanly possible although this was really really difficult considering the complete disaster that has unfolded.

I hope this can be of some help to people still stuck.

I have to say I am surprised to see Rahul on this list but agree on Chris Smith... I have always found him very helpful. A rose amongst the thorns

shiznit76

I am now seriously considering just selling up all my ITI shares and hoping can get a cash withdrawl quickly as this transfer to Iweb is just taking for ever

My2penneth

There are still people that have not even got access to their Phoenix accounts - unbelievable.

My2penneth

Have a look at this from Sharesoc.....not many closed actions!
https://www.sharesoc.org/forums/topic/problem-report-summary/

shiznit76

if i sell on phoenix does the cash sit in that account then have to out a cash withdraw form to get my money?

shiznit76

how do you check what dividends should be paid and value of them?

Josl

Cash and both my accounts (trade & ISA) now transferred out after threat of legal injunction by my law firm. Hilariously, ITI blamed the delay on the receiving broker for not having access to clearing house. Not a chance of this being true, since receiving broker has one of the biggest brokerage setup in the country. I forwarded that piece of tidbit to FOS. 
My sympathies to fellow investors stuck in this abyss. However, this is far from over.

Update: FOS has today assigned a caseworker to my case requesting additional documents.

Jamesram

Josl said:

Cash and both my accounts (trade & ISA) now transferred out after threat of legal injunction by my law firm. Hilariously, ITI blamed the delay on the receiving broker for not having access to clearing house. Not a chance of this being true, since receiving broker has one of the biggest brokerage setup in the country. I forwarded that piece of tidbit to FOS. 
My sympathies to fellow investors stuck in this abyss. However, this is far from over.

Update: FOS has today assigned a caseworker to my case requesting additional documents.

Well done Josl. But this is what is so bloody infuriating about ITI. When you threaten them they can do what they were supposed to do. If you cannot do this- eg my poor ex-wife who works part-time (no comments on alimony please) and had to cope with bereavement on the death of her sister recently, has got nowhere with her transfers, despite of course her sending emails. Now she can face taking ITI to task I will help her, and no doubt if we kick up sufficient ruckus we will get it sorted out. But it should NOT have to be like this. Cheers anyway- if you are prepared to engage  a solitor then the mandatory injunction application threat is great.

shiznit76

it's the cost of getting a solicitor involved that stops me going down the legal route

Josl

Jamesram, I agree, this is not a choice many of the small account holders can make but my accounts were significant in value and cost of threatening legal action by solicitor have still caused me fraction of the damage compared to what damage had been done by ITI (through share price fluctuations).
For smaller accounts, I recommend everyone same as you 'Small Claims Court'. Investors need to know the cost of the court can be recovered from ITI so they should not delay with dividend claims.
As shown by your post earlier, ITI do not want legal costs to mount which is a major issue as their defence has no legs to stand on.