Down but not out
Article Abstract:
Investors can take a number of steps if a United Kingdom stockbroker collapses. Clients' money should be kept separately from the brokers' funds, according to the regulations, though brokers may be tempted to disobey these. Investors should contact the compay, or the liquidator if the company is being liquidated. The regulator supervising the broker can help if the liquidator is unable to do so. The Financial Service Authority is the main regulator which can help identify the relevant regulator. The Investors' Compensation Scheme will provide compensation up to 48,000 pounds sterling.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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The brokers broken?
Article Abstract:
UK stockbrokers are polarising between those offering execution-only services and those specialising in rich clients. This could lead to a polarisation into a discount, online service on the one hand, and a major bank on the other. Not all investors wish to see this polarisation and some investors with modest amounts of capital seek advice on their investments. One problem in the UK market has been barriers to entry to stockbroking. UK regulatory burdens should be eased in order to encourage more firms to enter the market.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Still no joy in battle for nominee justice
Article Abstract:
United Kingdom private investors are using nominee accounts provided by stockbrokers which do not give all the rights of owning stocks directly. The security issues relating to nominee accounts have been addressed, but stockholders lose rights such as access to information and are having to pay for information provided free to direct stockholders. Stockbrokers argue that providing information adds to costs and not all investors want reports from companies they have invested in.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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