worried about what ?--and further more, page-53

G/day Denver.

BEN bought Maquarie's SHARE MARGIN LENDING business.
This is a business wherby investors could put up shares as security to buy further shares......on margin.
ALWAYS with security and asset backing.

There is a case in Sydney atm where a client was "sold up" because the value of his shares fell and he didn't put up the margin money required to cover his loan.

His shares were sold at the bottom of the market.
They subsequently recovered significantly.
The client claims he was not given due time to put up the cash and is suing the margin company..now owned by BEN.

It involes some millions of $s

But this actually occured BEFORE BEN bought the margin lending business and the ultimate resposibilty will fall to the Macquarie as they owned the business at the time.

Nothing to do with Gt Southern or the associated MISs.


But I don't know about any other things they may have bought from Mac Bank.