How to recover shares from busted brokers

GeoffTF

Thanks for that masonic. Very helpful and very sobering. The people who campaign for segregated accounts should be careful what they wish for.

GeoffTF

Here is an interesting article:

https://www.investorschronicle.co.uk/managing-your-money/2019/11/07/what-to-do-when-your-broker-goes-bust/

Alex Kuczynski, chief corporate affairs officer at FSCS, "is clear that there shouldn’t be a situation where an individual client dealing with a UK-authorised financial services broker has uncompensated losses for a broker failure. The only circumstances in which it might happen is when a client has a very large portfolio and their allocation of the administration costs – which are charged as a percentage of the fund held – exceeds the £85,000 limit."

That is not a guarantee, but it sounds more positive.