ANZ Bank and Merrill Lynch are inflicting the most appalling legalised cruelty upon the unfortunate souls who chose Opes Prime as their stockbroker.
They are, in effect, issuing a $258 million retrospective margin call on stocks that were sold more than six months ago
Nevertheless the question many will be asking is: why are the receivers dong this? ANZ and Merrill apparently got all their money back when the shares were sold after March.
They might be legally entitled to gouge more from the hapless Opes clients, but in the light of the PR nightmare that Opes has caused ANZ already, it seems a pretty greedy and heartless thing to do.But, boy oh boy, what an absolute shocker it is.
Never mind ASIC – this is a job for the armed robbery squad.
Comment ...The last line ...sums it up ...I tried calling the terrorism hotline ...but didnt understand what i was ranting about
letters of demand sent to opes clinets, page-35
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ANZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$32.13 |
Change
0.420(1.32%) |
Mkt cap ! $95.69B | |||
| Open | High | Low | Value | Volume |
| $31.76 | $32.15 | $31.25 | $240.8M | 7.570M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 383 | $32.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.13 | 8919 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |