duck
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Post by duck on Sept 25, 2024 22:36:22 GMT
Full on arse cover mode enabled. Indeed, this is of course part of the set narrative that is trotted out but the FOI asked specifically for a set period i.e. far longer than 12 months. The response was "because the FCA did not make a formal determination on the matters in your request." So the FCA have justified the lack of documents because they did not comply with s55v FSMA 2000 So the FCA have made a formal declaration that they broke the law. But of course
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Post by brightspark on Sept 26, 2024 7:13:41 GMT
You believe I think that the FCA has prevaricated unreasonably for a considerable time and over a number of matters. I do wonder whether the end of that particular road has been reached. Is there any other redress to be had? Similar matters - the Post Office Scandal, the NHS handling of the Covid pandemic etc etc have dragged on for years doing much damage in the process to the mental well-being of many of those involved. I would surmise that most small investors want to put Collateral behind them rather than this endless unhelpful drip, drip coming from the Regulatory body supposedly charged with overseeing things.
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duck
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Post by duck on Sept 26, 2024 9:10:26 GMT
You believe I think that the FCA has prevaricated unreasonably for a considerable time and over a number of matters. I do wonder whether the end of that particular road has been reached. Is there any other redress to be had? Similar matters - the Post Office Scandal, the NHS handling of the Covid pandemic etc etc have dragged on for years doing much damage in the process to the mental well-being of many of those involved. I would surmise that most small investors want to put Collateral behind them rather than this endless unhelpful drip, drip coming from the Regulatory body supposedly charged with overseeing things. I have it from a FCA insider that the FCA tactics are to wear down people like me who ask difficult questions along with dragging matters out so that interest diminishes. My experience backs this up. The end of the road has not been reached and 'the lings' and my objectives remain the same as they were on day 1.
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k6
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Post by k6 on Sept 26, 2024 9:30:52 GMT
You believe I think that the FCA has prevaricated unreasonably for a considerable time and over a number of matters. I do wonder whether the end of that particular road has been reached. Is there any other redress to be had? Similar matters - the Post Office Scandal, the NHS handling of the Covid pandemic etc etc have dragged on for years doing much damage in the process to the mental well-being of many of those involved. I would surmise that most small investors want to put Collateral behind them rather than this endless unhelpful drip, drip coming from the Regulatory body supposedly charged with overseeing things. I have it from a FCA insider that the FCA tactics are to wear down people like me who ask difficult questions along with dragging matters out so that interest diminishes. My experience backs this up. The end of the road has not been reached and 'the lings' and my objectives remain the same as they were on day 1. Do not dare to let your self wear down :-) We are here to give you and whoever else need a support. The aforementioned FCA tactic is nothing to be surprised. I, perhaps foolishly, hope that this tactic will be publicly disclosed when times come to it and hopefully someone will pull them into accountability We are here with you DUCK !!. I read every comment on this and other cases. Not always vocal but I am not going anywhere till some kind of resolution . . . thanks again DUCK !!
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duck
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Post by duck on Sept 26, 2024 9:45:44 GMT
I'm currently listening to / watching the FCA's annual public meeting.
I lodged the following question. I know of one other Col question that has been asked on Col.
I don't expect these questions to be answered live, we will have to wait for about 4 weeks for the answers to be shown on the FCA website.
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duck
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Post by duck on Sept 26, 2024 10:06:29 GMT
Just tried this on the live feed. "Why would a personal letter to Mr Alder regarding Collateral be sent to the complaints bin to sit with 300+ compaints that have sat there for up to 6 and a half years?"
(Mr Alder is of course the Chair and is running todays meeting)
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duck
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Post by duck on Sept 26, 2024 10:40:33 GMT
Hmm the FCA claim that they currently answer 90% of all FOI's on time. I must be really unlucky.
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giraffe
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Post by giraffe on Sept 26, 2024 14:39:01 GMT
I have it from a FCA insider that the FCA tactics are to wear down people like me who ask difficult questions along with dragging matters out so that interest diminishes. My experience backs this up. The end of the road has not been reached and 'the lings' and my objectives remain the same as they were on day 1. Do not dare to let your self wear down :-) We are here to give you and whoever else need a support. The aforementioned FCA tactic is nothing to be surprised. I, perhaps foolishly, hope that this tactic will be publicly disclosed when times come to it and hopefully someone will pull them into accountability We are here with you DUCK !!. I read every comment on this and other cases. Not always vocal but I am not going anywhere till some kind of resolution . . . thanks again DUCK !! I just want to add my support and thanks to Duck and the Lings for the amazing amount of work and dedication that you are applying to this. Each time I read the posts I remain in awe! Keep going, and tell us as and when more action from us would help. (How about we raise an FOI asking how many FOIs about Collateral have not yet been answered ?)
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duck
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Post by duck on Sept 26, 2024 15:14:58 GMT
Do not dare to let your self wear down :-) We are here to give you and whoever else need a support. The aforementioned FCA tactic is nothing to be surprised. I, perhaps foolishly, hope that this tactic will be publicly disclosed when times come to it and hopefully someone will pull them into accountability We are here with you DUCK !!. I read every comment on this and other cases. Not always vocal but I am not going anywhere till some kind of resolution . . . thanks again DUCK !! I just want to add my support and thanks to Duck and the Lings for the amazing amount of work and dedication that you are applying to this. Each time I read the posts I remain in awe! Keep going, and tell us as and when more action from us would help. (How about we raise an FOI asking how many FOIs about Collateral have not yet been answered ?) The time is rapidly approaching when we will need help to raise the profile again, something that every Col investor will be able to get involved in, I will post more hopefully very soon. With the FCA monitoring this thread and forum I will not say more at present.
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duck
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Post by duck on Sept 27, 2024 9:21:21 GMT
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duck
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Post by duck on Sept 27, 2024 10:22:53 GMT
Some months ago I sent the following personal letter to Mr Alder the Chair of the FCA. The letter was weeded out by the 'executive workload team' and consigned to sit with the other complaints. The person who replied to me list his primary skill on Linkedin as being "executive reputation management". Yesterday during the online meeting I submitted the following question online .... which wasn't answered. The rest of the letter is on the subsequent post
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duck
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Post by duck on Sept 27, 2024 10:25:08 GMT
words copied below since .gif is too large to upload
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Post by harryvederci on Sept 27, 2024 11:20:25 GMT
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mah
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Post by mah on Sept 29, 2024 10:27:14 GMT
"As we hold no recorded information that is relevant to those parts of your request, and as we are not required by FOIA to address such assertions" - the FOI process can't challenge us on the substantive issue: the legality of the entry on the register, only on whether we can identify relevant recorded information about it. Other processes might be able challenge us on the legality of the register entry, but we can dodge it in this process by stating we have not identified any recorded information on the matter and hope you leave it at that. In other words, we might have known that they operated illegally but are releieved to find that there is no formal/recorded information admitting it.
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mah
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Post by mah on Sept 29, 2024 10:31:30 GMT
Full on arse cover mode enabled. Well, that seems to be their ONE and ONLY Job now. Dealing with Tens of Thousands of Complaints and FOIs is no Child's Play, particularly when one has to be careful about providing info that in turn could bite us back - we have to Double & Triple Check everything that we disclose
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