"For example, I heard of a real case this morning of an investor who bought $1 million worth shares through Opes, of which $250,000 was borrowed. The entire $1 million has now been lost and the investor becomes an unsecured creditor of Opes Prime.
So that person will lose $750,000 in assets simply through the mistake of using Opes Prime as broker and lender for a third of that amount. That story will be repeated many times over."
Scary stuff.
Gonna have to start reading the small print.
"For example, I heard of a real case this morning of an investor...
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$65.54 |
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| 1 | 347 | $65.53 |
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