Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Scandal plagued stock broker WH Ireland (WHI) still refuses to say how many other pensioners were – like poor Mr Bagot - mugged and had their life savings trashed by John Molyneux and his team of discretionary stockbrokers and nor will it even bother to launch an internal enquiry to assess the damage – you can see our full investigation HERE. But Essex old boy Mr Bagot has now taken to the streets.
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Comments
MrContrarian
WH Ireland is clearly in the wrong here, but better for Mr Bagot to be 100% accurate in his claim. AIUI the ombudsman has only recommended WHI pay £600k as it has no power to order compensation above £150k, which they have paid. I know his placard is a precis but no need to hand wrongdoers the defence of inaccuracy.
http://www.telegraph.co.uk/finance/personalfinance/investing/shares/11926051/Pensioner-takes-compensation-battle-with-broker-WH-Ireland-to-streets-of-London.html
Juicin Drumroll
£600,000 worth of really terrible publicity for WHI.
Did someone say ‘thieves’?
DUCK AND DIVE
Given that some of Mr Bagot’s hard-earned discretionary fund was almost certainly invested in bargepole gold minnows, I reckon he merits a slot at your Gold Bears & Traders event. Of course, for balance, WHI would have to be invited to participate too. And, of course, the City media. And why not the Ombudsman too?
I suggest calling the session “How to turn gold into copper.”