Langbar International

sore loser - 29 Dec'05 - 11:13 - 39096 of 39124
On the subject of short selling, I rang my broker (Nat West)re my last 2 purchases (ever, I should think) 5000 shares on 10 Oct and 5000 on 11 Oct.
They say the transactions were fully completed and settled, although I don't know which MM.
Anom - you mentioned that some transactions may not have been completed - are there many? Perhaps I should contact Capita direct with my contract numbers in case Nat West are fibbing.
Trying to remortgage on interest-only with added borrowing to cover this mess. Tragically only just remortgaged with a £4K penanlty on redemption if I have to switch lenders to fix this. A hard lesson indeed.

>sore loser
There is a list of the unsettled trades. CRESTCO produce this data every month. The problem is that we asked them if they had sent the report to the LSE or FSA.

CRESTCO said that the summary had been supplied, but not the detail. So we are going to try to get the FSA to request this data (or ask for it ourselves), so that the members can check if the brokers are lying to their customers.

The FSA might not supply the data. They wouldn't be able to if it was data requested in the course of an official enquiry. The FSMA forbids them from releasing it. We just have to hope that the FSA agrees that the information that is supplied might enable an individual to make an official complaint to the FSA. You see, it is believed that the MMs knew (because of the Rybak selling), that the company was in deep trouble and were shorting deliberately, because they knew that the stock price might crash.

We'll be onto Jo Riley at the FSA when the holidays are over.