opus clients please read this urgent, page-39

  1. SP3
    18,710 Posts.
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    Are people aware that if you had a margin facility with Opes set up but never accessed the facility...but instead used your cash component (not your credit facility) to buy shares, ANZ apparently has a legal right to sell your shares. This happened to a Uran shareholder yesterday...and now he has lost the lot (even though he did not borrow any money to buy those shares).

    How can that be justified?
 
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