seb8072
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Post by seb8072 on Jul 17, 2019 7:29:52 GMT
I seem to remember, upon login to one of the platforms at sometime in the past, being greeted with a "Type of Investor" (eg. high net worth, sophisticated etc) questionnaire. Can anyone tell me if this was Lendy and if so when this may have been?
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Post by picanto on Jul 17, 2019 9:07:17 GMT
I seem to remember, upon login to one of the platforms at sometime in the past, being greeted with a "Type of Investor" (eg. high net worth, sophisticated etc) questionnaire. Can anyone tell me if this was Lendy and if so when this may have been? It was Lendy but I can't remember exactly when it was. I think it was sometime late last year.
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rocky1
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Post by rocky1 on Jul 17, 2019 9:24:17 GMT
Well lendy wealth was for the cash rich/time poor, sophisticated investors and look where Liam/lendy BS got that nice little scheme.
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Post by brightspark on Jul 17, 2019 11:20:32 GMT
I seem to remember, upon login to one of the platforms at sometime in the past, being greeted with a "Type of Investor" (eg. high net worth, sophisticated etc) questionnaire. Can anyone tell me if this was Lendy and if so when this may have been? It was Lendy but I can't remember exactly when it was. I think it was sometime late last year. I don't think it was Lendy. It was Lend Invest which is now only open to sophisticated types.
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dawn
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Post by dawn on Jul 17, 2019 11:29:42 GMT
It was Lendy (may have been other platforms as well?) - I remember finding a way around answering the question but I can't remember quite when it was - last year some time I think.
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zlb
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Post by zlb on Jul 17, 2019 11:36:01 GMT
It was Lendy (may have been other platforms as well?) - I remember finding a way around answering the question but I can't remember quite when it was - last year some time I think. I've had this kind of questionning on most platforms I've used since 2016/17. I remember having to look up what it all meant.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 17, 2019 12:08:32 GMT
Lendy requested investors to classify themselves in April last year, it was a pop-up that appeared on login, but could be ignored and stopped appearing after a month or so. It was linked to the launch of Wealth
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seb8072
Member of DD Central
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Post by seb8072 on Jul 17, 2019 12:57:12 GMT
Many thanks to all respondents.
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Post by loftankerman on Jul 17, 2019 15:26:27 GMT
Yeah, it was Lendy. I ignored it and didn't respond because I suspected that this devious shower were just trying to set things up so that they could wash their hands of criticism because their self styled sophisticated investors should have known better than to believe a word they'd been told. Claiming gullibility could imply a greater responsibility on their part, not that they would care either way.
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Post by justdabbling on Jul 21, 2019 11:45:01 GMT
Lenders were asked to classify themselves into categories 'Restricted investor (consumer)' or 'Sophisticated investor'. I classified myself as 'Restricted' and cut and pasted the screen at the time we were threatened with litigation over the London loan, as I thought it might be useful, so I am quoting from my screen shot. I cannot find that screen on the Lendy website any more.
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sydb
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Post by sydb on Jul 26, 2019 7:43:42 GMT
Lenders were asked to classify themselves into categories 'Restricted investor (consumer)' or 'Sophisticated investor'. I classified myself as 'Restricted' and cut and pasted the screen at the time we were threatened with litigation over the London loan, as I thought it might be useful, so I am quoting from my screen shot. I cannot find that screen on the Lendy website any more. I am sure I saw detail of this on my account a couple of weeks ago but I can't find it now. I wonder whether it has been recently removed...
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Post by justdabbling on Jul 26, 2019 18:43:10 GMT
Lenders were asked to classify themselves into categories 'Restricted investor (consumer)' or 'Sophisticated investor'. I classified myself as 'Restricted' and cut and pasted the screen at the time we were threatened with litigation over the London loan, as I thought it might be useful, so I am quoting from my screen shot. I cannot find that screen on the Lendy website any more. I am sure I saw detail of this on my account a couple of weeks ago but I can't find it now. I wonder whether it has been recently removed... Yes, i Think it is a bit suspicious.
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Post by df on Jul 26, 2019 19:17:31 GMT
Lenders were asked to classify themselves into categories 'Restricted investor (consumer)' or 'Sophisticated investor'. I classified myself as 'Restricted' and cut and pasted the screen at the time we were threatened with litigation over the London loan, as I thought it might be useful, so I am quoting from my screen shot. I cannot find that screen on the Lendy website any more. I remember this thinking what a poor choice of labels. I've ticked "Sophisticated" because I had about 28% of my funds in p2p, which doesn't qualify me for "Restricted". Probably should have dismissed it - "Sophisticated" was even more wrong answer.
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Post by rooster on Jul 26, 2019 19:34:39 GMT
I am sure I saw detail of this on my account a couple of weeks ago but I can't find it now. I wonder whether it has been recently removed... Yes, i Think it is a bit suspicious. Should it come in handy friends, I have a copy of the original email asking us to choose. I've copied a small chunk below: 'When you log in from next Monday (April 23rd) you will be presented with a pop-up notification inviting you to categorise yourself, using one of the following FCA investor definitions:
- Restricted (a retail customer)
- High Net Worth (a more sophisticated investor)
- Sophisticated investor (typically independently certified)
- Self-certified sophisticated (made personal declaration)'I've also got a follow up email providing the results of people's choosing. Again, a chunk copied/pasted below:
'So far, we’ve had a good response, with the following split:
- 14.15% - restricted
- 4.86% - high net worth
- 0.29% - sophisticated investor
- 3.51% - self-certified sophisticated
If you’re still to respond, can we please ask that you complete the short exercise by the end of April.'I'll hang onto the emails (and off-site backup them naturally ;-) ) just in case they can help us in the future.
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dawn
Member of DD Central
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Post by dawn on Jul 26, 2019 22:19:28 GMT
Yes, i Think it is a bit suspicious. Should it come in handy friends, I have a copy of the original email asking us to choose. I've copied a small chunk below: 'When you log in from next Monday (April 23rd) you will be presented with a pop-up notification inviting you to categorise yourself, using one of the following FCA investor definitions:
- Restricted (a retail customer)
- High Net Worth (a more sophisticated investor)
- Sophisticated investor (typically independently certified)
- Self-certified sophisticated (made personal declaration)'I've also got a follow up email providing the results of people's choosing. Again, a chunk copied/pasted below:
'So far, we’ve had a good response, with the following split:
- 14.15% - restricted
- 4.86% - high net worth
- 0.29% - sophisticated investor
- 3.51% - self-certified sophisticated
If you’re still to respond, can we please ask that you complete the short exercise by the end of April.'I'll hang onto the emails (and off-site backup them naturally ;-) ) just in case they can help us in the future. I also have copies of these emails sent out on April 19th 2018, saying exactly the same.
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