BTA 0.00% 57.0¢ biota holdings limited

i'm reporting comsec to asic, page-26

  1. 357 Posts.
    I feel for all of you that have not had shares delivered that you purchased on last day of trade.

    However - if it is as described it doesn't make sense to me to characterize this as a commsec issue. A broker who buys shares for you on market does not know who they are buying from - unless the shares are crossed, meaning that the seller is trading through the same broker.

    Therefore, I agree that the is a market integrity issue here.

    But there is no reason to assume that the rotten short seller is a commsec client.

    Hope this makes sense.
 
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