Can someone explain to me the signifigance of Opes Prime going into receivership please. I thought the traditional relationship with a brokerage frim was that the company hold the shares on behalf of the client. What is the situation with Opes prime? How is it that The liquadators(Anz & Merryl Lynch) can sell the shares held by Opes prime?
Is Opes prime Structured like a trust where investors hold units?
trading halt, page-12
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$3.44 |
Change
0.120(3.61%) |
Mkt cap ! $614.4M | |||
| Open | High | Low | Value | Volume |
| $3.38 | $3.54 | $3.34 | $3.155M | 916.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | $3.42 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.44 | 1709 | 1 |
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