First criminal conviction in the UK for someone operating a boiler room scam (was anybody else shocked and surprised that this is the first conviction in the UK for this offence?)
BBC news link
Hi Sopodo
I think the above scenario is highly unlikely. In my view even the most seasoned and skilled trader is highly likely to lose the capital given the constraints you mention.
I think spread betting a micro account would both give you some real trading experience and hopefully some time...
The following link may be of interest to some - A BBC article highlighting the increase of boiler room scam take ups due to the current low returns/interest on other investments.
http://www.bbc.co.uk/news/business-11318590
Hi
Not sure if this helps but i have access to companies house info and according to the records I can see a dissolution filled on the 10/06/2010 .
For Info here are the top 10 shareholders:
VIDACOS NOMINEES LIMITED 99,391,969 ORDINARY GBP 0.0025
SECURITIES SERVICES NOMINEES LIMITED...
Thanks for your replies.
Leonarda – Yes you are right they are only meant to refund the card that was used to finance the account in the first place – I’m still trying to find out why they were sent somewhere else. I’m sure i will get the funds back at some stage (the ombudsman has written to...
I traded with city index for 5 weeks during April and May 2010 – I had repeated problems with the trading platform but was assured by customer service that this was unusual. However, the platform’s total unreliability (and subsequent problems getting through on the phone) eventually lead me to...