Hargreaves Lansdown Clowns8 Jul 2022 07:31
Why have these dealers gone so bad recently? When I joined them they had good potential and provided decent service but now it's all down hill with them.
Requested my Boohoo shares from nominee account from them to convert them in to certificate and send them to me, they flat out refused. They say I can transfer to another broker or sell and get cash, but no share certificates can be issued.
This got me thinking, and I would like to share with you all since it's been less bickering of late and more of good behavior/debate, hope it continues.
In my opinion a good healthy shorts is not a bad thing and 7% or so is not a bad figure for Boohoo, and I also think shorter's can be your friends because they like to make money and today's shorter are tomorrows long's because why make money on the way down when you can also make it on the way up. But what if the shorts are more alot more? but are not reported? What if Trading4good is right and something is going on but it's from these brokers and they would know how to and they have so many people with accounts they get way with using account holders without their knowledge?
If you look at recently between Laguna fund and citadel between them they bought 10% of this company plus Norges, and share barely moved and some of the shorts are hedges for longs or share holdings.
Are these brokers not custodians of our shares and must produce them when asked, what is the law and what are your thoughts?