All,

Is there anyone here that is a client of City Equities?

If so, have they rung you regarding a mining/resource stock last Friday, or today?

If so, can you remember which one please?

I would be grateful if you could post it here, as I hold an account but don't want to ring because they can be a bit pushy.

profitmaker,

I agree with your comments, they lied to me too, but I knew I was right, as I had done the research, so I never ever bought from them, I don't deal with people I can't trust.

They offered me EARTHPORT (LOL!) at 3.75p, when the market price was 4p offer. He read out a lengthy spiel about how EPO were going to take off, and were a fantasic opportunity. He then proposed I buy 90,000 shares at 3.75p.

I went away to check out EPO, and as I was doing so, "news" came up on the monitor. EPO had just done a placing to City Equities at 2.5p!

I knew the price would drop, which it did, so I rang the guy back at CE, and said I could now buy in the market cheaper than through him, as the price had dropped due to the CE placing at 2.5p. He kept on denying they had a placing, until I said the LSE website must be wrong then. Then he started talking about "that's how they make their money", and AIM stocks are risky etc etc.

I knew then I could never trust anything he said, and never bought from him.

Please share some brief details of your experience, which stock was it?

IMHO it's worth taking your complaint to the FSA, and Tony Heatherigton at The Mail on Sunday, as he has achieved a refund for a Parker Rowe client!

profitmaker,

try the fsa mate, they can only say no!!!

I would...

profitmaker,

Please check out the Mail On Sunday financial supplement pages 16 and 17 today!

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=401475&in_page_id=19&in_author_id=5
In particular, the final paragraph!

Post over in ADVFN. I was a client of City Equities until recently. I was shafted so many times I only have myself to blame. I agree they are very persuasive, and I believe that they dump sock from the larger clients on to us. My advice is never ever believe what City Equities dealers say.

profitmaker,

Check out the MOS article here;

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=401475&in_page_id=19&in_author_id=5

All,

Is anyone still receiving calls from City Equities, Parker Rowe, or any other boiler rooms?

If so, please list any new recommendations or experiences here for others to share.

The FSA has issued a new alert, re J.P.Stuart!

I had some cowboy ring me up the other day but didn't manage to catch the name before telling him to f*** off.

LOL!

I'll ask first next time :-)

That was me you b*stard!

Gausie,

You still pushing DMR?

Yep. Off a cliff.

lol

Are there any clients of Pacific or FSW Europe here ?

On the main thread of City Equities, I have been stupid enough to fall for their slick patter on six occasions. I'm still amazed at some of the rubbish I'm holding that was dressed up as 'a very exciting situation'. Exciting for CE maybe who act as principle buying into shares issues low and then punting them out for a nice profit.

I'll stick to following my own instincts and research rather than these so called penny share 'experts'

From my experience I would advise not to deal with these people.

Peeps, surely you are all aware of the compensation City Equities had to pay out to a former employee for unfair dismissal. The guy exposed the company's policy of passing on the worthless shares to their clients for a hefty premium, having acquired the same shares at a large discount.
The employee was awarded around 30000 in compensation (if memory serves me correctly).

Keep away from this company!!!!!

Link to a report of the case below.

http://www.lse.co.uk/ShowStory.asp?story=BY416170T&news_headline=broker_wins_%C2%A335000_for_unfair_dismissal

clover, britshare,

Excellent links to this case, many thanks!

EVERYONE should read that article IMO!

Oi Gausie ... if I had known it was you I wouldn't have been so polite.