I am shocked to see money been taken off our Stanlib investment - TopicsExpress



          

I am shocked to see money been taken off our Stanlib investment without any prior advice or knowledge.. apparently as a retention . And it was quite a large amount :-( …so this is the story! Quote: The short of it is that the instruments that were bought, are no longer tradable, they’re not liquid, due to curatorship. However, they will be again once the other banks have taken over ownership. The money that is in the retention funds is not lost, it has value, but will only become available, when those instruments trade again. Money has been “side pocketed” or put into another fund to protect new clients coming into the fund unquote. I suggest you go check your accounts. This is very scary but we knew this was coming…what to do?
Posted on: Tue, 09 Sep 2014 08:31:37 +0000

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