Recent content by mr_put

nothing to report really - legal processes take time, the more time the better as far as i'm concerned.

"I agree with you on the fact that they let your losses run uncontrollably after breaching the credit, but not for opening the positions in the first place. That is as far as I go, the main responsibility for trading falls on the trader not the SB" - agreed, but i think IG were irresponsible to...

"Of course you wouldn't now, as you have learned about the importance of money management, and of monitor a position if you don't have a stop loss in place" - not just in those terms. i would also now have the sense to know that just because a "professional" financial services organisation like...

"I don't think it is relevant to your case, at that time it was 80, you accepted opening the positions with the information you had at hand" - with the information AND experience i had at hand. would i do the same again with more experience - no! "mr_p: have you asked IG when they would have...

"care to u ? 200:1 is legal in the UK u should complain to the FSA to change their rules , it has nothing to do with IG's risk m" - i approached the FSA, they said they don't deal with complaints direct from the public. i asked the FOS to refer the matter to the FSA, they said that they don't...

"LOL ofcourse it is their fault they took a very risky bet for u ! seems to me u didnt learn that much !" - that was then, this is now. i certainly wouldn't do what i did again, but back then, they shouldn't have allowed me, or anyone else to get into that position - they failed in basic risk...

"the 5k he is bringing up all the time, as his credit limit seems to be too low in reference to the the open positions of a total of £200" - 5k is 50 points at £200 per point. not a lot. but that, along with the deposit limit sums up IG's risk management policy for them and you. they "risk...

"Sorry, that we joke on your behalf, but one has to see it from the humorous side as well" - not at all, i'm not hearing anything that IG's lawyers won't be saying in court so bring it on, the more you pick holes in my defence the better prepared i will be - i'm trying to do as much of the grunt...

"Wonder if temporary insanity is a defence?" - was hoping "you have a 5k credit limit" would stand up more in court...

"A debt is a debt until he has been notified it has been written off or mr_put made some kind of a deal with IG. They can also sell the debt to other collectors. Yes they might in their accounts refer it to as uncertain asset, but it still exit until it has been completely written off in their...

"who said they will take this money anyway it is on paper only" - i don't understand what you mean by this then. i thought you meant it was not a real loss, it was simply lost profit. are you saying that it is a loss on paper only as they haven't collected it from me yet? what will it be then if...

"your position is very small it is hedged already with other clients they have 80k client" - right, so they should have had someone on the other side of the bet who had shorted the ftse, they had to pay him with the buy / sell spread as profit...or maybe they left my position unmatched as a punt...

“Give us the date and time you opened it and the date and time you closed it” – see post #245 for dates and times for the losing bets. “On what grounds did the FOS reject your complaint, Mr P?” – essentially the watertight T&Cs, I agreed to them and so I should abide by them. “his loss is...

on my application form for the credit account, i said i owned property, and had some shares and cash savings. not all these assets are liquid, and when opening a credit account with a 5k limit i didn't intend on losing my home for the sake of a punt on the ftse - that's what credit limits are...

i'm not sure whether IG left my positions on delierately or whether they just messed up. possible reasons they left position on deliberately: they apparently trade the underlying markets themselves too, so perhaps my positions hedged their exposure in the underlying market at minimal cost to...