Receivers appointed to Opes Prime
Receivers and voluntary administrators have been appointed to financial services group Opes Prime.
Major accountancy group Deloitte confirmed today that the voluntary administrators had been appointed by a secured creditor, ANZ, as receivers and managers of Opes Prime Group Limited, Opes Prime Stockbroking Limited, Leveraged Capital Pty Ltd and Hawskswood Investments Pty Ltd.
It said the directors appointed John Lindholm of Ferrier Hodgson as voluntary administrator when they became aware of a number of cash and stock movement irregularities in relation to a small number of accounts.
The statement said the shortfalls in these accounts led directors to believe the trading operations could not continue. These matters continue to be subject to receiver’s investigations.
The announcement said trading operations had stopped and that the receivers had taken steps in conjunction with the Australian Securities Exchange to suspend on-market trading activity of both Opes Prime Stockbroking and Leveraged Capital.
In addition, the receivers have frozen all client accounts, including direct trading facilities, for both Opes Prime Stockbroking and Leveraged Capital.
AUTHOR
Mike Taylor
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
