I also unknowingly got caught up in this fiasco signing up with Opes Crime just two weeks ago. I also know a couple of people who's lives may well be destroyed by this. This was not due to anybody over extending themselves with margin loans. It is simply that we all used Opes Crime as our broker. Whatever money we recieve in the wash up is irellevant, i want to retain my stock or at least have the option of buying back at the discounted rate ANZ are reported to be selling at.
JKelly, You make a couple of very valid points.
I DID NOT BUY STOCK IN OPES! Opes were my service provider.
Also if the scenario of signing shares over to Opus was actually written clearly or told to perspective clients OPES would have a total of ZERO clients.
I actually raised concern on the phone about the collateral lodgement form you sign regarding you holdings and was told, you retain the stock, you own them they are in your name and are just transfered into an ANZ holding account. As i bank with ANZ (not for much longer) i thought there is no risk.
This is an absolute outrageous situation and the lack of empathy it has been dealt with in the media and our new treasurer is sickening to all who unfortunately have been fleeced by the suits.
