Member Info for BSspotter

#hello

anyone have access to the FT?

this story

https://www.ft.com/content/b4dde78a-c59f-11e9-a8e9-296ca66511c9

I too am interested. Thanks.

Thanks, I did also look at the Halifax and revisited them. I actually forget that me and my OH hold long-standing accounts with them from about 20 years ago each with about 1k in - may go for them as I don't intend to deal frequently.
ii, not really a fan as they don't feel as secure as Barclay's and Halifax imo.
Thanks

As some may be aware I have been shafted very hard by the fraud at SVS.
I am looking at brokers and fearful of joining two-bit **** brokers like SVS
I looked at Barclays, I have an account with them, a current account
and they provide a broking service with a minimum service charge of 4 pounds a month
whether you hold shares or not and 6 pounds a transaction.
Look at Lloyds they are 12 a deal and not service charge I think.

Any other well-established brokers out there that are not trash like SVS, please?

re fraud warning new letter 22 Aug 2019

https://www.leonardcurtis.co.uk/SVS/

Re FSCS, in plain English i find it very helpful other than it does not say who makes up the shortfall if lets for exmaple say i bought a share at one quid it was then worth 2 quid, do i get the 1 quid back or two? Then there is t opposite of that when share price is down

https://www.moneyobserver.com/guides/fscs-ps85000-limit-beginners-guide

BTW, it would be good to let me know if you are reading here and in the same boat as me.

I also read that tha LC may be wanting to sell part of svs which is different to what i heard when svs went under with our money

Re shares and so-called ring-fenced. If they are, I guess you will get them all back but i doubt it if they are ring-fenced.
FSCS covers up to 85k in cash and 50k in shares from what i understand.
The other broker that went belly up lat year took ten months to settle.
I have asked the administrators who would make up the diffence as the sahres i hold are tanking and i want out and they have not come back.
My undertanding is even is the shares are not ring fence, you will get up to 50k in cash and this could be the orginal price and could work in your favour or against EG, shares crashed so you win, shares rose so you lose the rise, but please check yourself.

i will post a link to the FSCS that expalins it better than i do or it could be FCA but will post it in a few mintutes

btw, alert yesterday for LC admin, letter being sent out to ex svs holder is to be avoided as it is not what it purports to be.

The above figures are for my separate account and not the joint accoutn we hold but still well under 85k

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.

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?

Very grim reading, money may be tied up well after 2020.
What do you think?
All to do with carbon credits
https://www.thebureauinvestigates.com/stories/2019-05-07/how-major-banks-turned-a-blind-eye-to-the-theft-of-billions-of-pounds-of-public-money

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?