However, Justice Windeyer said that the documents, if read carefully, state that the transfer of legal title is involved.
Read carefully, it should have been in flashing neon light and big red print in the core part of the FSG which is what most investors rely on. Opes Primes's pre 2008 FSG would have to be the worst example of an FSG that I have ever seen. It is meant to be a easy to understand document that is meant to inform investors about the risks, fees and process for disputes.
No one can tell me that the core part of the Opes Prime pre 2008 FSG covered tranfer of benefical ownership in any easy to undersand terms. It did not cover the risk at all in the document.
