Australian (ASX) Stock Market Forum

BT margin lending

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31 December 2008
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Has anyone had a bad experience with BT lending and having shares removed out of your margin loan account without notice? I have! There was no apparent reason for any shares to be removed, the account had plenty of funds available for investing and then without notice from BT 39k of shares were removed over Friday night that has now put me into a call ?? maybe I am missing something, can any one shed some light on this.:banghead:
 
Has anyone had a bad experience with BT lending and having shares removed out of your margin loan account without notice? I have! There was no apparent reason for any shares to be removed, the account had plenty of funds available for investing and then without notice from BT 39k of shares were removed over Friday night that has now put me into a call ?? maybe I am missing something, can any one shed some light on this.:banghead:

Not me. I've faced several margin calls but never had shares disappear whether in the clear, buffer or margin.
Have you tried calling them?
 
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