stokeloans
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Post by stokeloans on Dec 12, 2018 14:19:09 GMT
I am contemplating the same - some questions if anyone is willing to comment or PM me 1. I assume that the primary focus of your complaints derives from the register issue, which presumably you relied upon as one of your primary tests for deciding whether to invest? 2. Has anyone mentioned the seeking of financial redress from the FCA, if subsequent losses occur once the administration has finished or is this not appropriate as part of this complaint? I merely ask, in that we can all write our own compositions, but clearly consistency of content would be useful. Will await anyone's opinions/thoughts/comments - Cheers P 1.yes 2.yes
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nyneil
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Post by nyneil on Dec 12, 2018 15:23:25 GMT
I am contemplating the same - some questions if anyone is willing to comment or PM me 1. I assume that the primary focus of your complaints derives from the register issue, which presumably you relied upon as one of your primary tests for deciding whether to invest? 2. Has anyone mentioned the seeking of financial redress from the FCA, if subsequent losses occur once the administration has finished or is this not appropriate as part of this complaint? I merely ask, in that we can all write our own compositions, but clearly consistency of content would be useful. Will await anyone's opinions/thoughts/comments - Cheers P 1. Yes. The FCA were / are negligent by allowing companies to edit their own entries on the register, without supervision, and that all amendments should be submitted to the FSA for verification; if found to be acceptable, the revised entries would be added to the register by the FSA, not the company. 2. Yes. The FCA have been negligent by allowing this situation to develop, so they should be liable for any shortfall suffered by investors - I specifically detailed the Collateral situation. Typo corrected: FSA corrected to FCA. Thanks for pointing that out elliotn
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elliotn
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Post by elliotn on Dec 12, 2018 15:53:06 GMT
I am contemplating the same - some questions if anyone is willing to comment or PM me 1. I assume that the primary focus of your complaints derives from the register issue, which presumably you relied upon as one of your primary tests for deciding whether to invest? 2. Has anyone mentioned the seeking of financial redress from the FCA, if subsequent losses occur once the administration has finished or is this not appropriate as part of this complaint? I merely ask, in that we can all write our own compositions, but clearly consistency of content would be useful. Will await anyone's opinions/thoughts/comments - Cheers P 1. Yes. The FSA were / are negligent by allowing companies to edit their own entries on the register, without supervision, and that all amendments should be submitted to the FSA for verification; if found to be acceptable, the revised entries would be added to the register by the FSA, not the company. 2. Yes. The FSA have been negligent by allowing this situation to develop, so they should be liable for any shortfall suffered by investors - I specifically detailed the Collateral situation. Small typo - FSA doesn’t exist anymore. 1 - only way for fca to take ownership (has significant resourcing implications ie tax payers’ money) 2 - too right (also tax payers’ money). As a non-tax payer, I can’t get enough of the above!
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duck
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Post by duck on Dec 12, 2018 16:17:38 GMT
I am contemplating the same - some questions if anyone is willing to comment or PM me 1. I assume that the primary focus of your complaints derives from the register issue, which presumably you relied upon as one of your primary tests for deciding whether to invest? 2. Has anyone mentioned the seeking of financial redress from the FCA, if subsequent losses occur once the administration has finished or is this not appropriate as part of this complaint? I merely ask, in that we can all write our own compositions, but clearly consistency of content would be useful. Will await anyone's opinions/thoughts/comments - Cheers P 1.yes 2.yes Ditto. I have sent the FCA (and TSC) copies of the relevant screen dumps so there can be no denying that the entries were present. At some time in the recent past the final references to Col(UK) under 656714 have been removed (not even showing now under 'previous names' as it was until recently) but unfortunately that was too late, there can be no denying that the entries were present.
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Post by funtimedave on Dec 12, 2018 16:39:40 GMT
Me too
Didn't take long at all.
Thanks for the link. I have added my complaint to the swelling numbers
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picnicman
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Post by picnicman on Dec 12, 2018 17:37:24 GMT
Thanks to all who responded - really helpful - will get on now with mine - Cheers P
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travolta
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Post by travolta on Dec 12, 2018 18:05:35 GMT
Thanks to all who responded - really helpful - will get on now with mine - Cheers P How many FCA complainants so far?
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GeorgeT
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Post by GeorgeT on Dec 12, 2018 23:21:32 GMT
I have complained to the FCA in quite forceful terms and set out the action I expect.
If you email you get an automated reply saying they aim to respond within 5 working days. I am awaiting my response.
I can share the meat of my complaint if it will be helpful but I would think more personal, individual complaints are likely to be more effective and troublesome to them.
The bottom line is that nobody should be out of pocket due to their error/incompetence. So, after completion of the administration, they must be liable for any shortfall.
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GeorgeT
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Post by GeorgeT on Dec 21, 2018 18:52:50 GMT
By way of a brief update, I had a response from the FCA a few days ago and I've been told my complaint has been passed to an investigator and I can expect a more substantive response within 4 weeks.
I've also had a response from the Treasury Select Committee which says they have had a number of similar complaints and all are being kept on file. The letter says my letter will assist the Committee when it considers the topics for its regular scrutiny of the FCA. It was suggested to me I might like also to complain to the Financial Regulators Complaints Commissioner.
I will bid all forum users a happy holiday season.
In the interests of battery recharge and mental wellbeing, I will try very hard not to switch my computer on until the new year.
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Post by bracknellboy on Dec 21, 2018 19:32:29 GMT
..
In the interests of battery recharge and mental wellbeing, I will try very hard not to switch my computer on until the new year.
Your computer takes THAT LONG to recharge ? You need a new one. ;-) Go have some festive downtime.
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LittleBear
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Post by LittleBear on Dec 24, 2018 17:34:04 GMT
I too have filled in the FCA complaint form.
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Post by jonrgrant on Jan 3, 2019 11:28:51 GMT
I also sent in my complaint and have just had it confirmed, that I am now in the 4 week wait que for a response.
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k6
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Post by k6 on Jan 3, 2019 14:33:14 GMT
I also sent in my complaint and have just had it confirmed, that I am now in the 4 week wait que for a response. So do I. Hope that helps , little bit.
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kaya
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Post by kaya on Jan 4, 2019 14:21:31 GMT
New Year Resolution now fulfilled.
Done!
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duck
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Post by duck on Jan 5, 2019 8:16:28 GMT
3 days to go until the FCA run out of time.
In response to my complaint they wrote (my bolding) "The investigator will write to you again within four weeks setting out a summary of our understanding of your complaint, and whether we are able to investigate the matters you have raised under the Complaints Scheme ....."
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