Holes in the accounts: a brief guide to investor protection

Article Abstract:

UK investors using stockbrokers are protected by monitoring and complaints schemes and by compensation schemes. The Securities and Futures Authority (SFA) regulates stockbrokers, and portfolio managers are regulated by the Investment Management Regulatory Organisation (IMRO). Brokers may also insure against employee theft, and have professional indemnity insurance. The SFA has a Complaints Bureau and a Consumer Arbitration Scheme, while the Investment Ombudsman deals with complaints relating to companies regulated by IMRO.

Securities Dealers, Security brokers and dealers, Laws, regulations and rules, United Kingdom. Investment Management Regulatory Organization, United Kingdom. Securities and Futures Authority

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Superwoman makes a comeback

Article Abstract:

Societe Generale Asset Management has appointed Nicola Horlick as joint managing director. She became well-known in the United Kingdom due to her salary of over 1 million pounds sterling, her five children, and her departure from Deutsche Morgan Grenfell (DMG). She argues that she was dismissed and DMG argues that she resigned. She aims to develop a retail and pension fund business in the UK. SocGen is scheduled to start UK fund management operations in Oct 1997.

Officials and employees, Societe Generale S.A.

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All wrapped up

Article Abstract:

7 Investment Management (7IM) is set to launch the UK's first wrap accounts in Jan, 2002. Wrap accounts pool investors' resources, giving them similar management and cost benefits as institutional investments, while keeping the assets separate. 7IM is targeting those investing at least GBP150,000.

Product introduction, Wrap accounts, 7 Investment Management

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