I have a short in HMV. My broker says I have to wait for the administrator to declare zero value for shareholders before my trade is officially settled. At the moment HMV is suspended rather than delisted.
Have been away for a while and missed whats been written.
Recovery plan has to be based on what is your account and if you are seg or non segregated.
In my case I had about £61,800 as an agreed balance as at 31/10/11. I am seg but KPMG have me as non seg.
My plan was to be one of the first...
How dare he call me lazy!!!
I have emailed phoned and driven KPMG mad since late November. I backed this up with daily letters and phone calls to the FSPC and FSA. Eventually I got KPMG to get my account balance agreed and so I should be in line for £50k payment in a few days or perhaps a...
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Just read your idiotic post. You will be pleased to note that I am getting £50k this week from FSPC. Just been confirmed to me and the other £11k will shortly be with me from KPMG.
tradeuk
I am certain I was segregated when I opened my account but I dont have any records.
Do you think segregated people will get 100% before non segregated people get a penny ?
I had about £62k in MF Global. My account was opened in 1999 with GNI as segregated but I cant find my original paper. KPMG tell me that I am non segregated. I cant prove that they are wrong.
My question is do we feel that segregated clients will get 100% before non segregated get a penny...
With DMA its an instant fill. With CMC you will not be filled quickly unless the price goes against you.
It could take 15 or 30 seconds for the fill on CMC or you could get a requote to a higher price.