We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Share registrar help
Moondarra
Posts: 1 Newbie
I hold power of attorney for an ageing parent. During an estate transfer, they were to receive a considerable shareholding via a well-known registrar. However the registrar sent the shares (somewhere?) against our instructions, then told us they'd sent thelm to the lawyer, then told the lawyer they'd sent them to us.
This took some time to discover. They then wrote, "apologising" yet the letter contained no less than 29 errors, some trivial, some material. We asked whether they had put a "stop trade" on the certificate, but it took them two years to do so after they realised the shares were missing.
The registrar continued to fail to follow our simple instructions, (such as "Please provide tracker references for important documents instead of using second class untracked mail") and five years later insists that WE indemnify THEM against their error.
They told us that we could go to the FS ombudsman, but the ombudsman told us that registrar services lie outwith their jurisdiction. We have asked them numerous times "What is the arbitration route for this issue?" Clearly not the Ombudsman. And "Who is the independent overseer of your practices?"
So my question to the forum is- does the forum know the answer to the two questions in bold above? Thank you.
This took some time to discover. They then wrote, "apologising" yet the letter contained no less than 29 errors, some trivial, some material. We asked whether they had put a "stop trade" on the certificate, but it took them two years to do so after they realised the shares were missing.
The registrar continued to fail to follow our simple instructions, (such as "Please provide tracker references for important documents instead of using second class untracked mail") and five years later insists that WE indemnify THEM against their error.
They told us that we could go to the FS ombudsman, but the ombudsman told us that registrar services lie outwith their jurisdiction. We have asked them numerous times "What is the arbitration route for this issue?" Clearly not the Ombudsman. And "Who is the independent overseer of your practices?"
So my question to the forum is- does the forum know the answer to the two questions in bold above? Thank you.
0
Comments
-
Companies performing unregulated activities aren't even obliged to have a complaints process, never mind a dispute resolution one, and likewise may not have any independent oversight - who specifically are you referring to?1
-
Have you tried contacting the Company Secretary of the company concerned?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
