One of my ML accounts (i have 5 of them with different brokers)was fine I got a text saying its in buffer and needs attention. I thought it was starnge as the shares had gone up that day that the majority of money is lent on,
I just checked, they lowered the lvr on 1 of the stocks today.
No notice at all, and they expect investors to absorb or sell at 1 mins notice.
I think they should give a few days notice if they are lowering lvr's to give clients chance to reorganise their portfolio,s
i will email them (comsec) and see what response i get
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- margin lenders should give time on lvr changes
margin lenders should give time on lvr changes
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