Action Group for AIG Enhanced Fund Victims
Sharing information for the 1000s of victims of AIG's Enhanced fund. Aiming to give the fundholders a voice in what happens to their money.
Forum
ALICO SEPARATION FROM AIG 3 Replies
Started by Steve Wilson. Last reply by Hobie Jul 3.
Clients of Credit Suisse 7 Replies
Started by Gary Cagney. Last reply by Paul Hannah (Credit Suisse) Jul 1.
Is the action group now dead? 19 Replies
Started by Mike H. Last reply by Hobie Jun 29.
![R S[BW]](http://api.ning.com/files/inQS6P-y*NhIQTmLDq58zU7xsAsQhB5CPIho8SlK7wTiI1HgTUeaekGPFGXXYMPx9MAEfzMi2lHZRp-BmTm2ybo5b5ZgaggE/127129570.png?width=32&height=32&crop=1%3A1){kind=small}
Refund of contribution 18 Replies
Started by R S[BW]. Last reply by Stuart B (BDO Stoy Hayward) May 16.
Barclays Wealth : Initial Legal Opinion 8 Replies
Started by Stu. Last reply by R S[BW] Mar 31.
Cazenoves 3 Replies
Started by Turk. Last reply by Valentine Lindsay Mar 18.
Stupid Comments 15 Replies
Started by linda HSBC. Last reply by R S[BW] Mar 17.
Group Update 3 Replies
Started by Kaz(UBS). Last reply by R S[BW] Mar 17.
Is litigation the way forward?
Started by Philip Ryley Mar 17.
Mis Selling - Pure and Simple 12 Replies
Started by anthea johnson. Last reply by london123 Mar 2.
AIG Enhanced Fund Action Group - moving on
UPDATE UPDATE UPDATE > 6th July 2009 < UPDATE UPDATE UPDATE
IF YOUR BANK DESCRIBED THE AIG BOND AS 'CASH' THEN PLEASE READ THE FSA's DEFINITION OF CASH HERE AND ASK YOURSELF IF THEY ARE SERIOUSLY GOING TO TRY AND JUSTIFY THEMSELVES IN COURT.
FOS and the FSA are able to deal directly with the banks, thereby avoiding the need for assessing 1,000's of complaints: this is done via the Wider Implications Process and you can see here a similar case where complainants were paid out en masse. THIS IS WHY WE NEED YOUR DATA VIA THIS FORUM
AIG Action Group - the next stage. We have a new committee with legal, financial and FSA expertise. The committee's objective is to use the collective weight of group pressure to support the complaints of the individuals, to source legal opinion on the actions of the advisers and AIG, and to provide support and relevant information for investors caught up in the Enhanced Fund. The committee is myself (Hobie), Daniel Glinert and Richard Klein. Hopefully we can have someone from the Barclays group as well.
We want the FSA to do its job,
We want the banks to refund the investments.
We want 'instant access cash' to mean exactly that.
We don't have all the answers, but we do know most of the questions.
The Group has a role to play and will, we believe, support the complaints of all. We work with legal & other advisers, not 'instead of'. We will make this a functional resource, not a social chatroom. We thank Simon, Linda and Zia for their work so far, and will take our places for a minimum period of six months. It is our intention to have rolling commitments from members of the group, and we do believe satisfactory outcomes will take at least 18 months.
We will post further updates shortly. On refunds please do not ask us, refer queries only to Brown & Batts. Immediate queries can come to me via my group email on this site. This site will now be restricted to UK based people.
We are in the middle of cleaning out the membership list. If you fund you have been inadvertently 'banned', please email me.
Hobie
Blog Posts
The FSA's definition of cash
Posted by Hobie on July 2, 2009 at 3:30pm
How to get the refund of your original subscription
Posted by Hobie on July 1, 2009 at 8:30am — 3 Comments
How to get your client file
Posted by Hobie on July 1, 2009 at 8:24am
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