the statement shown on this thread,the claims made by posters affected by anz actions in selling stock, the stock of opes clients,would appear to hang by a very thin thread indeed and
will undoubtedly require significant individual interpretation.
"somewhat like margin lending" where the client has the right to dividends and beneficial ownership,appears to be a conditional statement,requiring legal interpretation.
i still fail to see how this would implicate anz, they are not responsible for opes day to day operations,one would think posters are relying on the charity of anz,good luck with the
legal argument.
as i recall another major bank in the 90s held its loan book together by selecting clients it wished to retain,and had the legal right to do so,clients had to find a new source of credit in a difficult high int. environment,many did not survive,to this day i will not use that bank.i was one of those clients.
i am now a holder of anz
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