During the GFC, I sought security by investing $80,000 through a...

During the GFC, I sought security by investing $80,000 through a broker who owned and managed a boutique securities firm.


One company he put $30,000 into, went into liquidation in Sep/Oct last year. I have no chance of recovering my money.

He put another $30,000 into another company which was supposed to be the largest copper co. in Australia. My money is sitting in this co. which hasn,t been floated and is in care/ maintenance. I didn;t even receive a certificate saying how many shares I have.

The balance he invested in was snv, orm and qmn.

I rang the financial Ombudsman, they couldn;t help so they referred me to ASIC.

They couldn;t help because the Broker and his company ceased holding its Australian Financial Services Licence in Oct 2012 and is currently under external administration.

Asic told me to seek legal advice, as I have no funds to engage a solicitor, can anybody suggest an alternative solution that I may take.

I am prepared to take this on myself but don;t know where to start.

If somebody could help with some information, It would kindly be appreciated.


thank you


flinders