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I just got the same reply. Has anyone went on Stockwits. Suggestions that there are no shares for the brokers to cover the shorts
I'm writing further to your recent complaint. I'm sorry you've felt you had to raise this with us.
Your concerns have been passed to our Client Services Team, in line with our Internal Complaints Procedure, which you can view using the below link.
Complaints Handling Procedure
What happens next?
One of our Client Services Managers will look into the concerns that you’ve raised and provide you with a written explanation in response to your complaint.
As explained in our Complaints Procedure, the Financial Ombudsman Service (FOS) allows us up to 8 weeks to respond, though we'll work hard to get back to you much sooner than this.
Thank you for raising this with us, we'll be in touch with you again as soon as possible.
Yours sincerely,
Tom Price
Senior Client Services Manager
Now referred to their client services team. See what they have to say. Any ambiguity will request referral to Dan Olley head honcho
I wonder if some co-ordinated buying, in blocks of 1000 shares regularly, say every 15/30mins or so, would panic the PI shorters at least?
Make them think someone big is accumulating.
The naked shorters, nothing will rout them they will stay as long as they want I guess.
Only now I found this site. Very interesting data. Looks like almost 50% of the volume each day are short trades.
Short borrow fee rates have gone up to 376%
This looks ripe for a short squeeze.
https://fintel.io/ss/us/mdai
Did contact HL at the same time as AJ Bell but haven't even received a reply back.
I phoned the Fca this morning then emailed HL this morning, let's see what happens.
What is the process for an official complaint? Did you guys write to / call FCA about the broker and also message the broker saying that you are making a formal complaint?
Same here, issued complaint. They have a to resolve in a certain time, 8 weeks, then FCA can step in.
IV spoke to the Fca today, IV issued HL with a formal complaint, if not resolved Fca will investigate it.
Thanks for the info. Still no shares deposited in my account, so I'll send a follow up.
Just got a message from AJ Bell saying they have escalated this and it's being passed into senior management. Unbelievable
What’s happened to Jimzi ? Could do with some of his positivity here
I too mentioned naked shorting to IG, got shares the next day. This was a week or two ago.
Absolutely disgraceful!
Looks like naked shorters are still trying to exit slowly with a great profit by drip feeding the shares back to their rightful owners.
Thanks for the update. I just sent them 2 messages. Mentioned the suspected naked short trading.
AJ Bell told me today that "please be advised, the Spectral AI shares have now been deposited into your account and are available to trade". But they don't appear to have been deposited yet. I'll see what happens by tomorrow morning.
I'm with AJ bell. Still not received them. Will contact them again
Sent a similar message last Friday but more to the point, got what seems like a automated reply blaming someone else
Sent this to HL earlier today.
Good afternoon,
I wish to now raise a complaint formally with you regarding the with holding of my MDAI shares.
You have had more than enough time to provide me my shares, and this feels like fraudulent activity to me.
I will now contact the financial ombudsman service and forward my complaint to them for investigation.
Hi - I have my shares issued by Halifax and they are tradable (not that I'm going to!!). I contacted them a number of times and asked how I escalate my dissatisfaction at the lack of information and time that it was taking: their response was that they could not put a timescale on it, but the shares magically appeared within 48 hours.
I would advise persistence and enquiring how to escalate.
I have just spoken to ii who stated that they have no idea when the new shares will be placed to my account as there is no fixed time scale.
Well this is the reply today from ii:
Thank you for your secure message.
We are waiting to receive the new US listed shares, we have chased the international custodian on this matter. However, we have not yet received the new shares.
Not at all impressed.
Yes, I had heard nothing from them. Then in my message yesterday I mentioned that it is widely suspected that naked short trading is going on, then suddenly I get a message this morning telling me that my shares are now deposited and available at market open.
Our brokers are " Borrowing" our shares. Keeping liquidity low.
AJ Bell have informed me this morning that my shares have been deposited in my account and should be available to trade at market open (although I'm obviously not going to sell). I did put some pressure on them last night, so don't know if that is just a coincidence. Hopefully some of the other brokerages will also be delivering the shares. Saw pre-market up 24% there, so hopefully a good sign.