I would appreciate if someone can help please
In march 2010 my broker rang me and ask me to put as much money as I could for a placement in sti i
ended up putting 60 k .bt a month later I was issued with only 24 l
Of shares .the other
$36000 were held in their bank account.
They told me was going to be a general meeting in June already 3 months
But never ever eventuated
To my surprise and anger I kept on ringing my broker
To get my money back as I was concerned
Could someone please if they know tell me the ASIC rules
For not issuance of shares after a capital raising within a reasonable time
Is there a clause specifying reasonable time
I feel I got ripped never even got the chance to get my stock
Please does anyone knows my
legal rights I feel the broker should be responsible for earning a commission in doing so
Please hrlp
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- placement stock never got issued
placement stock never got issued
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