opes prime business model sound, page-72

I feel really sorry for those who were with Opes Prime. I think ASIC needs a kick in the bum as does ANZ who knew that they had security over the shares of third parties...legally OK but EXTREMELY un-ethical. But no one has considered the every day shareholder who have been affected by ANZ's sell down. Unless you had great faith in your mining stocks you would have sold as the SP tumbled. ANZ knew what they were doing, and i presummed they implemented their own short selling strategy to strip the market. There are many MUMS and Dad out there that have been burnt by ANZ's actions. The financial market would work if there isn't faith in the system. To allow this business plan and to participate in it...either as an invester or a lender is wrong. ASIC has shown how in effective it is, and ASX should be stripped of all its 'regulatory' roles.