Update on Financial Advisors Thread

quote:

The person was convicted and case over.

I assume that this will now allow you to elaborate on what actually happened.

Chris

If there has been a convicion, the information is already in the public domain, so there can be no reason to conceal any information on the case.

Fredrik

You'd just have to wait on this one. More are still pending.

Despite the insinuations and accusations of lack of detail plus "immature carry on", I cannot seem to recall anyone offering any hints/advice on how one would avoid being conned. Anyone? Do not go rushing in now.

quote:

Originally posted by Tarquin Maynard-Portly:
Well as SOMEONE posted earlier, the person was convicted and case is now closed. As such, there is no impediment in bringing to our attention matters that are in the public domain.

Whats that smell?

Sheep? Horse?

You! LOL

quote:

Originally posted by Tarquin Maynard-Portly:
Any actual info, youth?

Patience grasshopper......

To suit wellyspider lets all IFAs get cleaned out by the FSA and let the Big Banks control the business cos they are sqeaky clean and will offer independent advice without financial interest of their own.

quote:

Originally posted by Tarquin Maynard-Portly:
Steve

Its not actually clear the WS is actually referring to IFAs. He has not actually given any facts.

Oooh, some insight!

quote:

Originally posted by Fredrik_Fiske:
If there has been a convicion, the information is already in the public domain, so there can be no reason to conceal any information on the case.

Fredrik

Unfortunately Fredrik the details remains suppressed.

So why post about it till they are unsuppressed?

Maybe the Thread might have been more use if instead of worrying people - ala tabloid gutter press - you bemoaned the reasons for the suppression, if they are worth worrying about!

Fredrik

quote:

Originally posted by Fredrik_Fiske:
So why post about it till they are unsuppressed?

Maybe the Thread might have been more use if instead of worrying people - ala tabloid gutter press - you bemoaned the reasons for the suppression, if they are worth worrying about!

Fredrik

Fredrik, I disagree.

When it comes to your money or mine for that matter, we need to.

So do you have any idea how we can avoid falling prey in future if regulatory bodies and going with major players did not avert this?

Yes, but how on earth does your thread help me? Or anyone else? It is just as useless as if I posted some idiocy like,

'Look out, there is a loan shark about!'

If there were some detail, it would be possible to avoid certain actions not known to be risky before. Your Thread add nothing useful what-so-ever. It might reasonably be called useless in that case, and I will go so far as to say that that is what it is unless you explain what on earth you are going on about.

Fredrik

quote:

Originally posted by Fredrik_Fiske:
Yes, but how on earth does your thread help me? Or anyone else? It is just as useless as if I posted some idiocy like,

'Look out, there is a loan shark about!'

If there were some detail, it would be possible to avoid certain actions not known to be risky before. Your Thread add nothing useful what-so-ever. It might reasonably be called useless in that case, and I will go so far as to say that that is what it is unless you explain what on earth you are going on about.

Fredrik

Seconded, paul

What Fredrik said.

Wellyspyder, until you substantiate any of this, this whole thread, and your previous one on this subject, amounts to little other than snide insinuation.

Troll-like behaviour, I must say.

:-)

What on earth is the point of this thread?

If someone has been convicted then provide details. Alternatively provide us with the name of the convictee and we can then find out what on earth this is all about.

People get convicted every day. Why should we give a toss on a hifi forum?

Let me explain myself.

I am not here to slander financial advisors as insinuated by the replies. My current advisor is making good investment, no, in fact excellent returns for me. So please, hear me out.

When I started this thread, I guess with the benefit of time, I was looking for understanding and wanted to share my feelings about the issue but instead found antagonism. Also, I was angry; I still got cheated despite taking what appears to be the safest option. I used a top 3 financial institution; there were regulations in place like a governing authority and higher ranking staff to oversee this individual. As safe as houses so I thought. But no, it all unravelled when a withdrawal was attempted, the certificates despite bearing the appropriate markings were not genuine. However, it is now in the past. Time heals the hurt, or does it.

I have said this in the past and here I say it again, I have no issue at all with financial advisors, I was looking for understanding (to share my disappointment, hurt and anger). It appears I have come to the wrong place for it. Those were early days when I was recent to the forum, now I know better.

Mr Wellspyder.

You have demonstrated your inability to think clearly, you certainly lack judgement and common sense. To be honest I think you are as mad as a fish.

I suggest you stay away from fora as quite frankly you are a sitting duck for flak.

Learn to think before hitting the keyboard.

Regards

Mick

TPM

I was trying to spare Wellsyders feeling but if you feel that I should be blunt then I will be so.

Wellsyder.

Your initial posting was absolute twaddle that was unworthy of a 10 year old schoolboy.

There was no logic or facts just plain drivel composed by someone with an IQ of 70 or below.

To be frank, you are out of your depth on this forum. Go somewhere else.

I am not getting at you but advising you to clear off for your own good.

Regards

Mick

quote:

Originally posted by Tarquin Maynard-Portly:
I for one do not even know what part of the world you post from, nor which country these events occured.

Would you be able to give us a little more detail?

FWIW, Mike, I seem to remember that he lives in New Zealand, so whatever the "facts" behind the predicament he alleges he found himself in, I don't think any of it happened in the UK.

Cheers,

Jon

quote:

Originally posted by Tarquin Maynard-Portly:
WS
Thanks for having the cojones to come back. Would you consider the matter from our point of view - you have made some broad-brush accusations about financial advisers, but its fair to say they have been nebulous at best.

I for one do not even know what part of the world you post from, nor which country these events occured.

Would you be able to give us a little more detail?

M

Mike, I am amazed you are still replying.

Please also see from my point of view. With the benefit of hindsight, I am not happy with the way I'd started the post. It was chest thumping. I was shouting. I wanted to exhale. That was it. I cannot give any details due to the nature of the settlement. I took offence to your line of questioning, hence my subsequent behaviour towards your replies (applies to other threads also unfortunately). This last sentence is not an "dig" at you.

Frederik, it was indeed foolish of me to even say anything.

Wellyspyder!

Stay!

Fredrik!

quote:

Originally posted by Fredrik_Fiske:
Wellyspyder!

Stay!

Fredrik!

Well said Fredrick!

Wellyspyder - I've read through this, and the previous thread, and admittedly you ranted a little, and were unable (for whatever reason) to provide details. This seemed to get a few people's backs up, actually considerably so, which seems a little over the top.

Nevertheless, nothing you've done warrants the scathing comments you've received. If people don't like the thread you started, they have a right to ignore it, not lambast you with nasty comments.

As you were,

Phil

quote:

Originally posted by Phil Cork:
[QUOTE] Nevertheless, nothing you've done warrants the scathing comments you've received. If people don't like the thread you started, they have a right to ignore it, not lambast you with nasty comments.

Agreed.

quote:

Originally posted by Tarquin Maynard-Portly:
I disagree.

WS made some comments concerning the industry im which I work. I asked for clarification, as did a fair few other people, and none was forthcoming.

Instead, further insinuations cropped up. Even WS himself says he was ranting.

If I posted something along the lines of "Those Bhuddists got what they deserved, serves them right for acting in such a criminal matter " I think Erik for one would seek further clarification.

I admire WS for his later comments, btw.

M

I agree with you say here Mike but I dont think WS deserved what Mr.Parry dished out.