View Single Post
Old 10-04-2015, 06:39 PM   #3712
Senior Member
Join Date: Mar 2009
Posts: 961
Thanks for the clarification.

Standchart can touch, but it's very inethical and a massive fraud
No. No no no no no. That article is 100% wrong. It's so wrong the authors ended up being ordered to pull it down.

The shares are held in a ringfenced subsidiary, so Stanchart can't touch them. If Stanchart went down, which is not going to happen anyway, then the subsidiary would hand the shares over to you. Shares in Stanchart are as safe as cash in Stanchart - maybe even safer.
Project_Xco is online now