This could explain the recent selling. Another Broker in trouble.
It makes sense, because the recovery was well and truly in place..........then all of a sudden we get another wave of unexplained selling.
http://business.theage.com.au/another-lender-in-peril/20080410-252j.html
VPG are on their list, but I'm only speculating that the held any serious position.
These brokers stealing from peter to pay paul are costing the market Billions.
The ASX have done a terrible job in regulating risk for these type of investors.
Intersting times we live in.
http://www.liftcapital.com.au/pdf/LIFT_Accept_ASX_Securities.pdf
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