Susan Edmunds05:00, May 04 2021
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The shares are now worth more than they were when the investor sold.
A man whose broker sold his shares for 10c more per share than he wanted has “reluctantly” accepted a settlement offer of $280.
The man complained to Financial Services Complaints Ltd (FSCL) about the transaction, which was made last year. FSCL is one of the external dispute providers that deals with complaints that cannot be resolved between a financial services provider and its clients.
FSCL said that, in February 2020, the man became concerned about the effects of Covid-19 and decided to sell some shares. A sharebroking account was set up for him on February 11, but he was not told about it for nine days. He discussed selling the shares but changed his mind.