Using this broker I cannot buy any shares in Experian (EXPN) online and find this utterly remarkable as Experian is a FTE100 company worth over 5 billion!!!
For this reason I nominate HoodlessBrennan as the worst stockbroker of 2007.


Anyone wishing to complain against Hoodless Brennan should contact the financial-ombudsman: here

http://www.moneyam.com/InvestorsRoom/posts.php?tid=11809#lastread

dai oldandrich has compiled this excellent thread SM. Flick back 3 or 4 pages on the board.

Thanks Stan, will have a look.

The stamp duty is no skin off their noses if they charge it or not, its not their money is it , its like VAT.

No, but it is most certainly important to someone who purchases shares which are stamp duty exempt!

If I buy 20,000 stamp duty exempt shares and get charged 100 stamp duty am I not entitled to make a complaint???

No, it isn't like VAT - it's more like theft.

If Hoodless Breenan are wrongfully deducting stamp duty then they are fully entitled to be classed 'Worst Broker of 2007' .

Can this broker get any worse ?????

Anyone wishing to complain against Hoodless Brennan should contact the financial-ombudsman: here

whats your beef onlinedealer ? give em a break - always 2 sides - challenge me please - you wil lose - remember its always easier to complain than praise

Thanks for giving me the opportunity of raising this matter again.
When a broker is deducting stamp duty for shares that are exempt from stamp duty they do not "deserve a break".
That's "my beef" and it will remain so until Hoodless Brennan correct what they are doing.
It's hard enough for traders to make a profit without wrongful deductions being made to transactions.

I bought a small amount of Experian shares through HB in May this year and wasn't charged any stamp duty so no issues with that.

queen1, yes it was possible to buy Experian upto about a month ago - then it just went off the radar. Can't buy Experian now from HB.

HB have a new site now. The old site didn't take stamp duty from the above listed stocks but the new site does. Shouldn't, but does.

i use HB and find their services more than adequate. they're cheap too. i have not tried to buy stamp-exempt shares so cannot pass comment on that side of things.
happy brokering
Alex

I also use HB and as an investor with limited finances I find their service perfectly acceptable and as has already been mentioned they're cheap. If HB are charging stamp duty for exempt stocks I'm sure there would be no issue for reimbursement as this certainly isnt in their best interests and illegal.

Robert and Ian, you are both missing the point - which is, they are charging stamp duty for stocks that are stamp duty exempt.
"reimbursement"?? They admitted the contract note said stamp duty was taken but said they hadn't taken it really. I know for a fact that they did!

It could well be that they are also taking it from the accounts of people who may not even know it is being done (are you aware of all stocks that are stamp duty exempt??).

They may be cheap - and most other brokers are too these days - but this is a perfect example of getting what you pay for. No way would I ever have this broker again. Cheap in this case most certainly does equal nasty!

do you all want to know the tips they have given me in 2 years...everyone turned out trash losing up to 80% in value...some went to the wall like Langbar...latest tip was Ashtead buy at 160p,,, D1 oil buy at 235p

fuckin chimp could pick better stocks

but then again they know full well what they are doing while they short it on the other phone

you know ..i could destroy them...but i won't just yet

Harry, If they denied that they had taken the stamp duty (although its on the contract note) I don't think it would be too difficult to prove otherwise with your bank statement. Regardless of what they tell you??