All my stocks are held with Svs securities who have gone into administration.. This on the back of Beaufort going under last year. Can anyone advise what action is needed by myself to recover shares. Have Beaufort clients recoverdbtheir stocks/cash yet.
I am in the same position. There is an article in the Daily Mail online covering the SVS in administration. The best we can hope for is that another broker takes over the SVS XO clients. Fingers crossed.
Just found out a few moments ago, in shock had cash at the @@@@ worth close to 2k and shares in two companies where I paid about 30k now worth 34k. I was trying to log in and found the bad news Will I get my shares back? The money is safe as FCSC or whatever, but what about the shares?
Ian.B, have you made direct contact with Leonard Curtis? This is an extraction from their website:
"For client and all non-press enquiries, a mailbox (firstname.lastname@example.org) and telephone number (01282 610635) have been set up for those affected by the Special Administration of SVS Securities PLC we would encourage you to direct any further queries to this address. Updates will be also be provided on the Joint Special Administrators dedicated website: www.leonardcurtis.co.uk/SVS."
Hello TC My shares with this ex broker. Do you know what would happen let's say for example I paid one thousand pounds for shares, when svs went under the share price was 1100 pounds but when I get access to my shares again they are trading at 500 pounds. Would the FCsC make up the difference?
Received letters from Leonard Curtis yesterday addressed to all clients. At least they have my details and confirmation of being a client. Waiting game now but in the meantime markets are dropping and any stop losses will not be actioned, I assume.
Been doing my research. As we are aware cash is safe, but you won't get it for a while. The shares held is the BS so-called nominee accounts, not sure who makes up the difference. From what I have been reading about SVS and from memory I think it was the German government chasing them, this BS ex-company will not be touched by any other broker IMO We are looking at 6/8 months from what I understand having spoken to someone I know in the city that is familiar with situations like this. I had at one time over a 100k with SVS, than God I sold out some time agon and now have tied up about 11k. 6k in cash and worryingly 5k in shares which are going down by the day.
The mother f government should compensate those that got duped and let the administrators sort out the mess as ike I said, no one will want this svs thing.