BGC bridge global capital management limited

Yes when all this is over and I am more focused I have decided...

  1. 3,082 Posts.
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    Yes when all this is over and I am more focused I have decided to start a lobby group for regulatory change to margin lending in Australia. The margin loan I have just about sent me bankrupt but I have now paid it out completely because it is just do dangerous to have one. They can remove or adjust LVR's as they please and cause margin calls without any thought to the ramifications for shareholders. This is not the time to be selling but a time to be holding and changes must be made in this regard. Commsec and others have to take a certain amount of responsibility for this because I was able to get a $350,000 margin loan without any trouble at all.
 
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