There have already been instances of investors receiving a 'brush off' from their MP which of course doesn't please the investor or me and the small group chasing this matter. I anticipate that there will also be cases where the investor doesn't receive a reply.
Thinking about this there may be an alternative approach for those determined to see this matter sorted satisfactorily.
MPs run 'surgeries' where you can make an appointment and have a face to face meeting.
There is nothing to stop anybody from obtaining the letter and as well as / instead of sending the letter a face to face meeting is arranged. That way you can be certain to get over what your anticipated losses mean to you along with the FCA's failings. The personal touch might just make the difference as to whether your MP takes up the matter or not.
Obviously if you have any questions before/after such meetings or if your MP responds with questions that you do not feel confident answering drop me a PM and I will get back to you.
Good work. I however fear (or look forward to ) many of our current MPs/MSPs or Assembly members may not be in office very soon.
Fair point and as you can imagine one that we thought about.
Firstly whilst the current timing is not perfect I don't think any time in the past 3 years would have been perfect, sometimes you just have to get on with 'stuff'.
The letter has taken a fair amount of time to prepare, it needed to get the balance right between being understandable for MP's (and investors) without being easy to rebut by the FCA. The FCA are (as we have found out) past masters at avoiding detail points and in using non committal bland statements, we have tried to avoid this situation arising.
All claims made in the letter needed to be 100% provable by publicly available information. There is so much information that has not reached the public sphere yet, we had to wait.
The release of the letter ties in with other work that is going on behind the scenes.
That said my slightly perverse thinking is that MP's now have time on their hands so if like me they like a bit of a battle now is the time to get stuck in. The FCA haven't been prorogued. The other point that rings out to me is that MP's will be looking for votes in the not too distant future, help a constituent and you could/should get a vote. Binning a request for help will ensure that one constituent won't vote for them and more votes will be lost if that constituent tells their friends that the MP is 'useless'.
So yes a 'new' letter might be needed if an MP is changed and it is back to square one but that will have to be dealt with if that situation arises.