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Old 14-04-2015, 05:04 PM   #3713
cloverpark
Master Member
 
Join Date: Nov 2013
Posts: 2,686
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.

Thanks. But I'm still concerned.

Is there any article or statement to validate that customer shares are protected from creditors or being frozen? I've tried checking Stanchart website but there's no mention of this?
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