opes and anz

  1. 3,791 Posts.
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    Over the coming weeks we will no doubt see many legal actions launched by clients of Opes Prime.

    IMHO ANZ acted too. hastily and without due care. They knew or ought to have known that when a client of Opes after paying off his margin loan and requested delivery of some $95mil in securities , and demanded to be secured over all assets of Opes resuslted in placing them in a advantaged position over ordinary clients without clients knowledge. mmmmm-very suss.

    If this was in USA I am sure there would be further legal action taken against ANZ for consequential damages caused to ordinary shareholders who hold shares in companies that are on the "Hit List"

    We have a long way to go for ant final resolution.
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