SVS Securities - shut down?

eskbanker

masonic said:

RasputinB said:

According to my web browser the certificate for iticapital.com is not valid. It states that "Because this connection is not secure, information (such as passwords or credit cards) will not be securely sent to this site and may be intercepted or seen by others" and "We suggest you don't enter personal information into this site or avoid using this site".​
(I think this justifies a separate complaint!)

It expired Wed, 04 May 2022 12:54:34 GMT. Not very impressive.

New certificate now applied, apparently valid from 5 March 2022 to 6 April 2023, which begs the question of why it's seemingly been gathering dust for a couple of months!

masonic

eskbanker said:

masonic said:

RasputinB said:

According to my web browser the certificate for iticapital.com is not valid. It states that "Because this connection is not secure, information (such as passwords or credit cards) will not be securely sent to this site and may be intercepted or seen by others" and "We suggest you don't enter personal information into this site or avoid using this site".​
(I think this justifies a separate complaint!)

It expired Wed, 04 May 2022 12:54:34 GMT. Not very impressive.

New certificate now applied, apparently valid from 5 March 2022 to 6 April 2023, which begs the question of why it's seemingly been gathering dust for a couple of months!

Yes, it seems someone got it in good time, but failed to apply it to the server correctly. Oops!

RasputinB

According to my web browser ITI Capital's web site at http://www.ititrade.com/ does not have a security certificate.

ITI Trade LTD. is authorised and regulated by the Guernsey Financial Services Commission - it appears to be a different company....

RasputinB

eskbanker said:
New certificate now applied, apparently valid from 5 March 2022 to 6 April 2023, which begs the question of why it's seemingly been gathering dust for a couple of months!

Maybe the IT administrators are in a country that has been at war since 24 February 2022?

masonic

RasputinB said:

According to my web browser ITI Capital's web site at http://www.ititrade.com/ does not have a security certificate.

ITI Trade LTD. is authorised and regulated by the Guernsey Financial Services Commission - it appears to be a different company....

Yes, it is a different company, and the website hasn't been built yet. As you've entered http:// you've not requested a secure site, but the https:// page currently has the hosting provider's certificate in place.

RasputinB

My guess is that ITI Capital and ITI Trade have the same trading platforms and the same IT managers and hence the concurrent failures with security certificates. A difference, of course, is that ITI Capital is regulated by the FCA and is currently restricted from on-boarding new clients. No doubt we will hear more on ITI Trade in due course. (I think I might have commented on them previously).

masonic

RasputinB said:

My guess is that ITI Capital and ITI Trade have the same trading platforms and the same IT managers and hence the concurrent failures with security certificates. A difference, of course, is that ITI Capital is regulated by the FCA and is currently restricted from on-boarding new clients. No doubt we will hear more on ITI Trade in due course. (I think I might have commented on them previously)

The security certificates of the two sites are issued to two different and unrelated entities, while the certificate authorities issuing those certificates are different. The ITI Trade certificate belongs to securesite.net and has not expired.

ITI Trade has the appearance of a scam/phishing/cloned website, with several broken links and only superficial functionality. It mentions ITI Group and lists people with iticapital.com email addresses, but it is a risky site to visit given the issues.

RasputinB

masonic said:

ITI Trade has the appearance of a scam/phishing/cloned website, with several broken links and only superficial functionality. It mentions ITI Group and lists people with iticapital.com email addresses, but it is a risky site to visit given the issues.

I've been on the ITI Trade website before and it is only recently that its functionality has broken. It is, I think, likely that this has been brought about by non-renewal of the site security certificate.
The site says that ITI Trade LTD has Investment License, 2263548 so easy enough to see if a genuine firm. https://www.gfsc.gg/commission/regulated-entities/2263548 The address given is the same as the address I mentioned in an earlier post See SVS Securities - shut down? - Page 604

johnburman

Well done all for reporting on ITITRADE 's problems

But who has reported this to the FCA?  They regulate ITI and need to know about their cyber security measures, or rather the lack of them.   

RasputinB

Just to be clear - ITI Trade isn't regulated by the FCA and, as far as I know, isn't restricted from taking on new clients.
ITI Capital in London is regulated by the FCA and is restricted from taking on new clients.
Security issues at ITI Trade can be reported via the whistleblower link provided by their Guernsey regulator.
For ITI Capital the first step should probably be to take up with the company. ITI Capital will still be responsible for the security of your data held by them even if you think that you are no longer a client.