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Ingenious Mess!

By Nigel Somerville | Friday 17 July 2020

Disclosure: I own shares in one or more of the stocks mentioned. 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.

I have an old legacy holding in an SEIS fund run by Ingenious. I wrote about it briefly before after I received a letter from Smith Williamson to inform me that the custodian, Reyker Securites, was in special administration. I’m still not sure why Ingenious was beaten to the mark by the administrators, but there we are. Recently we have had to submit claims for what is ours in terms of cash and stocks and a further letter from Smith & Williamson arrived the other day asking if I wanted to claim an interim payment. Naturally, I was keen……

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