Thanks Alex. I have learned something there. I realise in...

Thanks Alex. I have learned something there. I realise in practice it is highly unlikely to happen as there will usually be liquidity to honour my sale request to the broker.

What this does do is add weight to hindmost's argument and submission to ASIC. Financial services licensees have a duty to ensure their customers understand the products discussed /purchased. At the very least, in huge bold red letters on a contract note it should be stated unequivocally that the broker has a right to sell your shares and you run the risk that your shares may not be available for sale at a time of your choosing. Of course that fact also needs to be made unequivocally clear at the time of setting up the account.

I would be interested to know how many posters/readers on here are well aware that there is a risk (small risk) that there shares held with a broker cannot be sold when they want them to be or potentially lost forever.