16/02/2021

Scam letters to SVS clients from clone firm

Please note this as an urgent notification about a fraudulent letter you may have received/may receive.

It came to our attention that a clone firm has been sending letters to our clients (ex-SVS clients) using ITI Capital Ltd name and branding.

The letter lists a telephone number that is unrelated to ITI Capital and asks the client to provide an issued TRLAN (Trade Reference License Agreement) number and Case Reference Number. Upon contacting the number, the individual on the other end of the phone demands £2,000 be sent to them.

If you received any such letters, please ignore it and do not contact the number provided in the letter or disclose any information.

How to recognise this fraudulent letter?

Please click here to see the guidelines on the distinction between our firm (FCA regulated) and the clone/scam firm.

If you have any questions or you are unsure whether a communication is genuine or from a scam firm, please contact us on accountmanagement@iticapital.com or call 020 7562 8001.

Kind regards,
ITI Capital Team

17/12/2020

SJS LEGAL LIMITED

On 25 November 2020, ITI Capital Limited (“ITI”) agreed with the Financial Conduct Authority the acceptance of certain voluntary requirements (the “Requirements”) to the Firm’s existing permissions. The Requirements address ITI’s relationship with SJS Legal Limited (“SJS”) and set out (a) certain actions that ITI has agreed to take, and (b) certain clarificatory information that ITI has committed to provide to ex SVS Securities Plc (in Special Administration) (“SVS”) clients (“Relevant Clients”), and which is to be read in addition to the “Frequently Asked Questions” section already available on our website.

Under the terms of the Requirements and as of 25 November 2020, ITI has agreed the following:

1. ITI will not refer any Relevant Clients to SJS;
2. ITI will not benefit financially, whether directly or indirectly, from any referrals that it has made prior to 25 November 2020;
3. ITI will write to all Relevant Clients that have been referred to SJS setting out their options in respect of any claims they may have as a result of investments or arrangements or deals made by, with or though, SVS (a “Claim”). These options include: (a) ceasing to use SJS to handle the Claim; (ii) allowing SJS to continue to handle the Claim; and (iii) transferring all the Relevant Client’s details and information to another third party provider to allow them to pursue the Claim on the Relevant Client’s behalf.
4. ITI will publish on its website a statement about the nature and effect of the Requirements.
5. ITI will write to all Relevant Clients to notify them about the terms of the Requirements.
6. ITI will, where a Relevant Client contacts the firm about a Claim (or potential Claim), inform that Relevant Client in writing that (a) the Relevant Client can submit its Claim directly and free of charge to the Financial Ombudsmen Service or Financial Services Compensation Scheme, and (b) it is not necessary to pay a third party service provider to pursue a Claim.
7. ITI will provide written confirmation to the FCA on the last business day of each month that it is adhering to the Requirements.

For further information please contact info@iticapital.com.

23/10/2020

致前SVSFX客户的消息：

我们已经向所有前SVS FX客户发送了账户转移邮件。 如果您没有收到电子邮件，请立即通过（support@itimarkets.com）或通过电话 +44 (0) 207 562 8005 与我们的中文客服团队取得联系。

A message to ex-SVS FX customers:

We have now sent out welcome emails to all ex-SVS FX customers. If you have not received your welcome email, please get in contact immediately with our ITI Markets team via email at support@itimarkets.com or via phone on +44 (0) 207 562 8005.

13/10/2020

We would like to remind all SVS clients, that no matter where you are in the account registration process or if you don’t have full access to the Phoenix platform, please call the Dealing team at 0207 562 8001 or email us at dealing@iticapital.com and we will be glad to assist you by placing trades for you over the phone at the online rate.

Updated 25/09/2020

Important information for SIPP accounts and accounts with no email addresses:

ITI has set up an additional helpdesk for SIPP clients and accounts without email addresses.

For Clients with SIPP accounts, these help desk details will be provided to you shortly via email and have also been communicated to your Trustees:

The purpose of this desk is to provide additional support with a key focus on the following tasks:

1. Update of account details
2. Document Verification and assistance with the platform
3. Withdrawals
4. Statements and Valuations

We would also like to make you aware that all withdrawal requests should be sent to the detailed email address going forward and we will only act on instructions from the SIPP Trustee.

For clients without email addresses, ITI has instructed the send of postal letters with the relevant details and this should be with be with you over the course of next week.

We thank you for your continued patience and we look forward to serving you as a customer.

14/09/2020

ITI Capital is fully aware of its responsibilities in safeguarding client assets and the importance of onboarding new clients efficiently. Unfortunately, ITI has suffered certain technical problems during this on boarding process which has caused delays and regrets the anxiety and inconvenience this may have caused to those clients who tried to access their accounts. ITI is working hard to resolve these issues as quickly as possible and to increase staffing levels to support the higher call volumes from affected clients caused by the initial technical challenges.

We would like to make it clear that all assets, cash and investments are completely safe. The issue is one of data reconciliation not one concerning location of the assets, cash and investments. We are seeking to ensure all new accounts are reconciled as soon as possible. We are providing the FCA with regular updates and such information as they may require and are working round the clock with, our service providers to ensure that the problems with onboarding and reconciliation are quickly addressed.

We would also like to thank clients for patience whilst we complete the migration process and will keep providing regular updates to all our customers. As previously communicated to SVS customers, they have the ability to call in and place orders over the phone with Dealers and ITI will honour the online rate. ITI will now place trades for all customers over the phone, subject to call-handling times during volatile markets, regardless of the status of the client’s registration. The client will be required to validate their personal information before the trade instruction is accepted.

Fraudsters claim to be from a legitimate firm authorised by FCA. Fraudsters look for new ways to scam consumers, but one scam increasingly reported to us and to the FCA involves share scammers pretending to be from a regulated firm, who are authorised by FCA.

These scammers typically cold-call investors to promote shares, property or other investment opportunities that are non-tradable, worthless, overpriced or even non-existent.

A new tactic has seen fraudsters using the name, ‘firm registration number’ (FRN) and address of firms and individuals authorised by us to suggest they are genuine

This is what we call a ‘clone firm’.

ITI Capital Limited does NOT make unsolicited cold calls!

PROTECT YOURSELF

If you are offered unsolicited investment advice, discounted shares, a premium price for shares you own, or free company or research reports, you should take these steps before handing over any money:

To reduce the chance of falling victim to investment fraud, the FCA advises consumers to, at the very least:

1.Reject unsolicited investment offers whether made online, on social media or over the phone.

2.Before investing, check the FCA Register to see if the firm or individual you are dealing with is authorised and check the FCA Warning List of firms to avoid.

REPORT A SCAM

If you are approached about a share scam you should tell the FCA using the Share Fraud Reporting Form, where you can find out about the latest investment scams. You can also call the FCA Consumer Helpline on 0800 111 6768.

If you have already paid money to share fraudsters you should contact ActionFraud on 0300 123 2040 or use the ActionFraud Online Reporting Tool. For the latest information on coronavirus-related fraud you can follow Action Fraud on Twitter.

More detailed information on this or similar activity can be found on the FCA web site.