Tricom

Tricom

Tricom is an Australian broking house and margin lender that was the first major broking house in many years to fail to settle its trades with the ASX. Controversially, it held ownership of shares that its borrowers had used margin loans to purchase until the loan was repaid. Tricom would then lend those shares to other traders so that they could be sold, as a form of short selling. [ [http://business.smh.com.au/tricom-late-again--asx-moves-in/20080130-1p32.html Tricom late again - ASX moves in | smh.com.au ] ]

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