SVS Securities - shut down?

johnburman

FoS for compensation
one account = one claim [you and spouse = 2 claims]
they take for ever to deal - you will get a payment by spring next year (or summer)

ABSVW

johnburman said:

FoS for compensation
one account = one claim [you and spouse = 2 claims]
they take for ever to deal - you will get a payment by spring next year (or summer)

Thanks John - is there an group claim or is it an individual claim that you put in. I guess they will be aware, given the number of affected SVS clients!?

johnburman

Got to do it yourself.  Contact the FoS.  And yes they shoudl have heard of ITI, but they are only a small broker, so it may be that the particular caseworker may not have heard of ITI.  No matter - get your complaint(s) in!   

eskbanker

johnburman said:

FoS for compensation

It's not really as simple as that and is more like escalating to FOS if unhappy with ITI's proposed resolution of the complaint(s), and they may (or may not) choose to instruct ITI to increase their offer, i.e. FOS involvement is effectively a continuation of the complaint process, rather than a separate activity in its own right....

Sheris

eskbanker said:

johnburman said:

FoS for compensation

It's not really as simple as that and is more like escalating to FOS if unhappy with ITI's proposed resolution of the complaint(s), and they may (or may not) choose to instruct ITI to increase their offer, i.e. FOS involvement is effectively a continuation of the complaint process, rather than a separate activity in its own right....

ITI or L&C should pay a basic 5k in the real world.

Ravima

Waiting two months now for simple transfer of shares and cash. Just lodged formal complaint with ITI. Lets see what they say in response. 

Sheris

Ravima said:

Waiting two months now for simple transfer of shares and cash. Just lodged formal complaint with ITI. Lets see what they say in response. 

Today iWEB told me its now 6 emails to ITI with no reply, 3 complaints to ITI from myself with many more previous emails. no reply.
phone lines no answer at all today ? Have they been shut down ?  

steverobson1021

Anyone been approached by Claims Management solicitors for mis-selling of AIM shares through SVS?

Ravima

Not I, but a colleague was. I don't answer 'private; numbers

sweeter_strudel

All,
Keep the faith. My ii transfer has happened (again). First time I was in this position all my shares vanished back out from my ii account the following day when it turned out ITI Capital couldn't complete on the arranged date.
Fingers crossed they stay transferred.....
I do reserve the right to come back here to rant later.
May tempt fate and see if anything has happened with my iWeb transfer.
Could I be lucky twice?