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08-61 ASIC launches investigation into Opes Prime

Friday 28 March 2008


The Australian Securities and Investments Commission (ASIC) this morning commenced an investigation into Opes Prime Stockbroking Ltd.

A Receiver and an Administrator were appointed to Opes Prime yesterday evening and it has been suspended as a trading, settlement and clearing participant of the Australian Securities Exchange (ASX).

ASIC has formed a special team to investigate any potential breaches of the Corporations Act.

The ASIC investigation team will also work closely with ASX and the Receivers.

Background

The Deloitte Corporate Reorganisation Group were appointed Receivers of Opes Prime and Ferrier Hodgson appointed as Administrators on Thursday 27 March 2008.

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