I would appreciate if someone can help please In march 2010 my broker rang me and ask me to put as much money as I could for a placement in sti i ended up putting 60 k .bt a month later I was issued with only 24 l Of shares .the other $36000 were held in their bank account. They told me was going to be a general meeting in June already 3 months But never ever eventuated To my surprise and anger I kept on ringing my broker To get my money back as I was concerned
Could someone please if they know tell me the ASIC rules For not issuance of shares after a capital raising within a reasonable time Is there a clause specifying reasonable time I feel I got ripped never even got the chance to get my stock
Please does anyone knows my legal rights I feel the broker should be responsible for earning a commission in doing so
Please hrlp
STI Price at posting:
0.2¢ Sentiment: None Disclosure: Held