Liquidation?
If your investment broker goes into Liquidation ... is there any hope of getting your invested money final?
Answers: Investment brokers do not have any claim on your investments, they merely help you buy and supply investments - usually with advice. If they move about into liquidation your investments are safe from the liquidator.
They are required to keep investors money within separate accounts from their own to avoid problems such as this.
In the UK there is the investors compensation fund. As clients money has to be kept seperate from the brokers own funds, your money and stocks should still be intact. Unless as you would expect there has be fraud.
It would take some time to sort out client's funds. Broker goes into liquidation= assetts sold bad , funds from the sale = divided amongst all creditors= the more bread raised the larger the pro rata of payouts= expect very little of your resourceful investments.
The short answer is: maybe. But for the long answer, you need to speak to the FSA. Go to their website: www.fsa.gov.uk and make available them a ring.
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Answers: Investment brokers do not have any claim on your investments, they merely help you buy and supply investments - usually with advice. If they move about into liquidation your investments are safe from the liquidator.
They are required to keep investors money within separate accounts from their own to avoid problems such as this.
In the UK there is the investors compensation fund. As clients money has to be kept seperate from the brokers own funds, your money and stocks should still be intact. Unless as you would expect there has be fraud.
It would take some time to sort out client's funds. Broker goes into liquidation= assetts sold bad , funds from the sale = divided amongst all creditors= the more bread raised the larger the pro rata of payouts= expect very little of your resourceful investments.
The short answer is: maybe. But for the long answer, you need to speak to the FSA. Go to their website: www.fsa.gov.uk and make available them a ring.