SVS Securities - shut down?

hahadi

I still have one US share awaiting transfer together with some cash.. All my UK holdings were transferred on 14th October, and my ITI account now appears closed as I can no longer sign in. 

johnburman

Careful hahadi.   I have just received some ££ from ITI for a closed acocunt.  It was for some UK shares and some $US received form SVS (for presumably a dividend in US$) which ITI had received.   Nobody told me anything about this or wha this US$ represents!      MAKE SURE YOU GET FULL STATEMENTS FROM ITI AND check them.  They are not easy to understand.

RasputinB

johnburman said:

Careful hahadi.   I have just received some ££ from ITI for a closed acocunt.  It was for some UK shares and some $US received form SVS (for presumably a dividend in US$) which ITI had received.   Nobody told me anything about this or wha this US$ represents!      MAKE SURE YOU GET FULL STATEMENTS FROM ITI AND check them.  They are not easy to understand.

How did you get full statements from ITI?

My cash and shares are out but the Transaction History is a complete mess with missing transactions, incorrect dividends and a large negative balance!

My2penneth

Just had an email from Abiola Omotayo regarding my cash withdrawal form...apparently I forgot to attach the form  and so he has sent me a blank one. 

I sent the withdrawal form (I checked my email to see if the pdf was attached) .

I then checked his email for the attached blank form....

say no more, eh?

My2penneth

RasputinB said:

johnburman said:

Careful hahadi.   I have just received some ££ from ITI for a closed acocunt.  It was for some UK shares and some $US received form SVS (for presumably a dividend in US$) which ITI had received.   Nobody told me anything about this or wha this US$ represents!      MAKE SURE YOU GET FULL STATEMENTS FROM ITI AND check them.  They are not easy to understand.

How did you get full statements from ITI?

My cash and shares are out but the Transaction History is a complete mess with missing transactions, incorrect dividends and a large negative balance!

{Name removed by Forum Team} says to write (snail mail) and ask for it. Why the heck do we need to write a letter which they will probably not answer anyway - why is it not available online like every other proper brokers that I know of? ...........oh,.I see the problem !

Michael_Reynolds

Anyone notice that we now have secure login again for QORT accounts after many months without!

sweeter_strudel

Michael_Reynolds said:

Anyone notice that we now have secure login again for QORT accounts after many months without!

Yes, but some things stay the same. Trading account holdings shown correctly, then half an hour later it was worth twice as much when I logged back in to look at my ISA. 

Phoenix accounts live but empty.

Still waiting on ITI  action for two transfers out. It is heartening to hear some folks on here reporting liberation during the week. But why can't it be me?

I wonder if the FCA told them to get their security sorted as part of the multiple failings that are being scrutinized, courtesy of what must be a continuing  deluge of complaints?

MK62

I wonder if the FCA told them to get their security sorted as part of the multiple failings that are being scrutinized, courtesy of what must be a continuing  deluge of complaints?

....to which I've just added myself.....I was patient at first (not got that much in ITI), but after getting nowhere I started a transfer on Oct 1st, and, like everyone else it seems, it hit a wall of silence....zip...nada....

I really feel for those with significant assets tied up with ITI......it's a complete shambles, and just goes to show how unfit for purpose the special administration process is, and tbh, how useless the FCA and FSCS have been (not to mention the Special Administrator themselves, Leonard Curtis, who appear to have been very well paid for orchestrating this mess).

Sheris

MK62, the same here, this is a crazy shambles and no idea where the end is, my new broker has sent five emails to ITI with no reply, the same treatment to myself.    

My2penneth

Over at Sharesoc, there was a mention that   Crapital were tripling their transfer team. That's 3 people then.  
Keep phoning the FCA to complain about ITI...do not relax the pressure.