Who holds the share certificates? Trading212? Third party?
If Trading212 folds how do we access are assets?
David
April 14, 2020, 6:16am
2
@webvivre Trading 212 holds the shares on your behalf. What do you mean by accessing your assets?
Many brokers use 3rd party independent companies to hold certificates .
Your response suggests that share certificates are kept in your name. If you go bust how would we recover / sell our shares?
Hi,
I think you need to go through this whole thread, it will have answers:
Hi all
I hope this is not a daft question but has been on my mind. New to investing here. So what happens if trading 212 goes bankrupt? (To note I am impressed by what I have seen so far β¦but thinking of worst case scenario ). I know that FCA cover Β£85000. But for example over many years of compounding I have Β£500000 invested in etfs. What is the process if it goes bust then (or any other similar app /service) ??
Thanks
Finki
April 14, 2020, 11:44am
5
Held in a nominee. Usual practise. Nothing new.
See t&c document