trading halt, page-35

Presumably it is because they didn't run their shop prudently enough.

If a sufficient number of leveraged clients positions streak into the red in a market dump on low liquidity stocks then you are in the cart. It sort of highlights the risk in allowing margin lending on stocks outside the ASX200.

Cash in is insufficient to meet immediate cash out requirements - meanwhile poor liquidity on higher risk stocks in a falling market and all of a sudden your security isnt enough to cover the debt either. You cant get rid of it fast enough.

If you have lent out too much on low liquidity stocks trying to realise your security in one go amounts to cutting you own throat on the valuations by flooding the market as we've seen.

The third party lenders get wind of it and swoop in. There is some degree of blame at various levels.

Typically first secured parties couldn't give a rats about the rest as long as they recover their funds.

Apologies if that was a rhetorical question !