Compensation from broker for Russian CFD (contract for difference)

The UK Financial Ombudsman has ordered Interactive Brokers (IB) to compensate an investor that invested in a Russian CFD (contract for difference). In this case the CFD was for 10.000 Sberbank ordinary shares. Interactive Brokers refused to close the position because they could not trade the underlying Sberbank shares Interactive Brokers had bought to cover the CFD contract. From March 2022 onwards, IB raised the margin required for the position to 100%. By August 2024 the interest alone charged on the position had amounted to around USD $12,000.  The European Securities and Markets Authority (ESMA) introduced a margin close-out rule in 2018 that states that CFD providers have to close positions once the net asset value in the investor's account drops to 50% of the required margin. The Financial Ombudsman ruled that Interactive Brokers was required to stop charging interest and other charges on the CFD position once they had to close the position on the basis of the ESMA 50% margin...

Webinar on claiming Evraz NTMK shares

On the 27th of September at 10:00 UK time (11:00 CEST; 12:00 MSK) EAHCISS will host a webinar on the topic of claiming Evraz NTMK shares (link to invitation). The webinar is free of charge and can be joined via this link: https://meet.google.com/jqp-norp-iua?hs=122&authuser=1

I want those shares! How to apply for Evraz NTMK shares as a shareholder in Evraz Plc.
In this webinar we aim to inform investors in Evraz about the process of applying for direct ownership in Evraz NTMK. Topics that will be covert are the opening of a brokerage account with Cifra broker, the basic conditions for claiming Evraz NTMK shares and how to go through the process if you either were issued Evraz share certificates before August 5th 2022 (lucky you!) or if you held your shares via a broker after the 4th of August 2022 (this means the process is a bit more complicated).