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I'd never thought about it, but clearly it is a risk. I think the issue is access while it is being sorted out, and potential for a haircut, rather than record-keeping.
Interesting article on when it happened before:
https://www.ft.com/content/6cc31c32-0c37-43d1-8a5a-9386a5c57137I don't have subscription but was able to get it by searching for the content: "I use an online stock broker to purchase shares in quoted companies. I receive share certificates in return. If my broker were to go bust, what would happen?"
frank9755
Is there anything people with T212 accounts do for record keeping?
They are FSCS protected I thought but that’s only the cash if you have shares what are people doing? Are the emails they send enough should they go kaput