Hi uberpleb, you wrote:

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I have done business with several fsa regulated firms and lost money with all of them. Pacific continental and square mile securities.

Being registered with the fsa is irrelevant as to how your money is protected.

Stockbridge provide a great service and the tax aspect appeals to me as i have said before. Again, the fsa is irrelevant to the consumer if they are not purchasing stock from the uk. As far as i know from my three months with stockbridge, i would be eligible for tax if they were registered with the fsa. Hence, my past experiences with uk firms and the fact i like tax free investments, makes me conclude stockbridge are above board and a reoutable company to do biz with.
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Microsoft Office's "Word" has a wonderful feature in it that converts capitals to "sentence case", which you'll see that I've done above in order to make your post more readable. In general you'll illicit a much more positive response if you don't type all in capitals (the internet equivalent of SHOUTING!).

You'll have to forgive the level of cynicism around here for the valiant defence that you're leading on behalf of your broker, the problem is though that we know what we're talking about whereas you've quite clearly fallen for the smooth talking sales patter of one of the fraudsters that Stockbridge Consultants (http://www.stockbridgeconsultants.com) call "brokers".

1. Firstly, for a "stockbroker" to do business in the UK they have to be authorised by the FSA regardless of where they are based in the world. This applies to boiler rooms in Spain (where I suspect Stockbridge are really based, and not Korea) such as Stockbridge Consultants (http://www.stockbridgeconsultants.com) just as much as it applies to "spank shops" based in the UK.

Stockbridge are not authorised by the FSA quite simply because they're a fraudulent boiler room whose sole aim in life is to steal cash from their victims. In time, once enough victims have complained to the FSA, their name will be added to the FSA's boiler room warning list:

Unauthorised overseas firms operating in the UK
http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/overs......

At which point in time Stockbridge will no doubt change their name and start scamming victims with a new name.


2. Sadly they've lied to you as well about the tax treatment of your investment. Just using an offshore broker does not make your investments tax-free. On the face of it not only are you going to lose every penny to these crooks but you're also going to screw up your tax return as well.


You can report the boiler room Stockbridge Consultants (http://www.stockbridgeconsultants.com) to the FSA using this online form here:

http://www.fsa.gov.uk/Pages/Doing/Regulated/Law/Alerts/form....

I would recommend that you do so as quickly as possible so that they too can confirm to you that Stockbridge are a boiler room.

regards,

JakNife