Member Info for REtoo

Before I start. I am a Barclays, LLoyds, GSK, XTR and Cosalt shareholder amongst others. No one can have escaped the news in relation to the abuses that have happened in the world of finance recently. Well it definitely is not just happening there. I suspect that a lot of our Directors and Chairmen are potentially of the same mould, not as the Takeover Panel would have you believe - that they are all gentlemen! If you are a private Investor on the London Stock exchange within a Nominee account, i.e. your shares are held by an institution like Barclays Stockbrokers, Hargreaves Lansdown, iii, LLoyds, Halifax, etc. Then can I please ask you to consider signing the e-Gov petition set out below, set up by the ShareSoc chairman Roger Lawson, it doesn't take long, but could save you your investments and a lot of money in the future - http://epetitions.direct.gov.uk/petitions/16769 If you've heard about the shenanigans that the Private Shareholders of Cosalt PLC have had to put up with over the last 12 months you'll understand why it's important for all of us. Let all Private Investors unite and tell the authorities that we need better protection. Up to 60 MP's are meeting to discuss the issues Cosalt shareholders are facing on 11th July 2012, if they can see there is large support for this issue they may act to help us all. Please feel free to copy and post this onto other share chat boards - lets get it viral! Here is what it says: Restore Shareholder Democracy by Ensuring Nominee Account Shareholders are on Share Registers by DefaultResponsible department: Department for Business, Innovation and Skills Private shareholders represent more than 10% of the shares held in publicly listed companies. They typically do not receive information, do not vote, and cannot attend general meetings of the companies they own because they are now mainly in nominee accounts. Unfortunately many stockbrokers do not, and will not, enfranchise their nominee clients. The reforms in the 2006 Companies Act did not solve this problem. The alternative of an electronic replacement for share certificates was killed off by vested interests. We need a proper system to ensure that all beneficial owners who hold their shares in nominee accounts are treated in the same way as those on the share register. Indeed they should be on the share register with the ability to opt out of company or third party communications if they wish. Such an option should only be granted if they have read specific wording to advise them of the loss of their normal legal rights and an explanation of the disadvantages of doing so.