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CGB

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Thanks for the information I also received this email today and...

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ken3151

14 Posts.

26/04/19

00:27

Post #: 38268600
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Originally posted by Basileus: ↑

No probs @VioletAustralia

I would also ask them if they could refer you to the law that provides them with the authority to sell your property without your consent. As far as I know they are your agent for buying and selling shares - they have no proprietorial rights in your shares whatsoever. Unless, it is a margin loan and even then they can only sell the amount of shares that enables them to recoup any outstanding loan funds.

I would also ask them for a copy of your share trading agreement / contract as you intend to hand that to your lawyer and ASIC.

And tell them that you plan to close your account prior to 24 May and that they can transfer your shares into your next broker's account! That will cause them some indigestion - I imagine.

Maybe ... they could swallow some MM milk to ease their upset tummys following your call.

And here's the final blow to that scam.

So ... if this is all true ... what they are saying is that they must sell your shares by 24 May because of some stupid notion about "proceeds of crime".

I wonder ... if it has occurred to IG that the action of selling your shares (and those of others) would then place them in a position of actively dealing in property that is subject to the "proceeds of crime"?

Priceless!

Three posts and I haven't said anything negative about CGB - must be some sort of a record for me!

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Thanks for the information I also received this email today and emailed them back and got a very poor answer
I will be chasing this up more tomorrow
I created a post elsewhere about this (not sure how to link it tho)

CGB Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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