Opes lent money to clients who bought shares hoping the share price would rise (exactly what the market was designed to do many years ago).
Opes then pooled those shares and lent them to shorters who's main aim is to buy shares with the hope that the share price would fall.
Of the 2 clients, there is going to be one winner and one loser... That is where the conflict of interest lies...
If I put $500 on black and $500 on red and the casino gets 5% of the cut, I will eventually lose all my money.
Opes is purposely lending out YOUR shares to someone hoping the market will go down.... They are not loaning out money to both parties.... They are loaning out YOUR shares.... Capish.....
I know some people are comparing apples with oranges i.e drunk drivers with the share market. But this makes sense....
