SVS Securities - shut down?

My2penneth

I made another call to the FCA - just to provide them with an update on ITI Capital. 
I believe that we should keep phoning the FCA to keep the complaint volumes up. 0800 111 6768.

sweeter_strudel

O documented everything for my FOS complaint on Sunday - screen shots of all the Qort tickets - with only one response to eleven items raised. IWwb letter asking me to try and stir ITI into action, ii catalogue of two months of requests for info met by ITI silence. Insecure Hoo You website, no track of dividends, late dividends, dealing via phone not being credited to my Qort, no access to Phoenix and when it was finally approved no shares to trade. And the icing on the cake ITI deciding to transfer out to a third party without my instruction and as yet no sign of that holding returned to my Qort.

And 3 months after initial onboarding I'm still stuck unable to trade via Phoenix and only one of three transfers out successdul.

shiznit76

three days till my final response is due from 8 week complaint period.....

johnburman

Anybody prepared to actually give some figures for compensation actually offered by ITI?  Seems a shame to wait all thosemonths for the FOS if they will do a deal now to conclude matters.

sweeter_strudel

johnburman said:

Anybody prepared to actually give some figures for compensation actually offered by ITI?  Seems a shame to wait all thosemonths for the FOS if they will do a deal now to conclude matters.

Two problems with my compensation offer bearing in mind I got Fifty quid when querying another organisations processes when they sent me someone's paperwork for a SIPP that detailed everything about the unrelated third party, it was derisory and my outstanding issues (multie) hadn't been resolved - a fact they swept under the carpet - and they couldn't even commit to a date for when my transfer out  (they mentioned one, I am awaiting two) may be processed - despite saying they were making it urgent.

Why accept derisory compensation now when I may have another three months of farce ahead of me?

adeadsett

Offered 100 pounds comp. yesterday, seems low to me?

johnburman

adeadsett....for how many accounts?  For 1 account seems low.  for each account and u have 5 = £500 seeems OK

adeadsett

johnburman........that is for 2 accounts - ish (ITI turned it into about 6 accounts somehow, lol)

GeorgieC

adeadsett said:

Offered 100 pounds comp. yesterday, seems low to me?

Compensation is a matter for you to assess if it is reasonable and fair. As @sweeter_strudel says why accept compensation now unless you are done and dusted.

Sheris

GeorgieC said:

adeadsett said:

Offered 100 pounds comp. yesterday, seems low to me?

Compensation is a matter for you to assess if it is reasonable and fair. As @sweeter_strudel says why accept compensation now unless you are done and dusted.

Further insult from ITI that are not fit to do business and should be closed down.