Post by boble on May 21, 2016 19:34:42 GMT
Yes this was my comment.
From memory, it came up when Liam said that he had sold a substantial amount of loans on the SM to part fund the purchase of a house on the mainland following SS's move from the IOW. He was pleasantly surprised at how quickly the sales had gone through the SM and he had the funds needed compared to selling other types of investments.
So yes, I understood that investing and dis-investing was using the same process we use.
It didn't occur to me to ask how they manage any potential conflicts of interest if directors (or staff) invest as 'lenders'. However I didn't feel in any way uncomfortable that they have 'skin in the game', rather I felt that it aligned their agendas with ours.
I understand that SS now have a on-staff solicitor, I would hope that one of his/her's duties would be to ensure that SS was not falling foul of any conflict of interest traps
"I understand that SS now have a on-staff solicitor, I would hope that one of his/her's duties would be to ensure that SS was not falling foul of any conflict of interest traps"
Rogerbu, the above would be the role of a compliance officer, who SS will most likely "by in" undertake their compliance monitoring.