Opes Prime suspended from ASX trading PRINT FRIENDLY EMAIL STORY
PM - Friday, 28 March , 2008 18:56:00
Reporter: Brigid Glanville
LISA MILLAR: And now for our look at today's business and finance, here's Brigid Glanville.
BRIGID GLANVILLE: The Australian Securities and Investments Commission has begun an investigation into the stockbroking firm Opus Prime.
ASIC says it's formed a special team to investigate possible breaches of the Corporations Act.
A receiver and an administrator were appointed last night after cash and stock movement irregularities were detected on a small number of accounts.
All client accounts have now been frozen.
It's unclear at this stage how many clients are affected.
Opus Prime has also been suspended from trading on the Australian Stock Exchange.