My question involves a banking matter in the State of:
I've a broker in the USA. They provided me with their USA bank account and address and their Bank's US Address. hey gave me SWIFT code of the bank's London Branch instead of the USA branch.
Now, I sent the Wire from my bank using USA Bank details and UK Swift code. Its been almost two weeks that my broker is saying they didn't receive the transaction. I would like to know, if the UK bank branch would actually forward the transaction to their US branch given the account number and address of the recipient was from USA?
Or they will send the transacton back to me? If not, I know the fund will be posted in a "holding fund" and I've to reclaim it via my local bank who initiated the transfer by issuing a "trace."
Regardless I get my money deposited in my broker account (after the waiting period), or claim it back from their bank's UK branch, can I take any legal action against my broker for providing wrong banking information?