Can Superhero use my cash or shares?
No. It is against the law for Superhero to exercise any rights attached to the ownership of your cash or securities unless you specifically instruct us to do so. The cash and shares in your Superhero account are entirely under your control as the beneficial owner.
Your Australian securities are held in a CHESS-sponsored account in the name of FinClear Pty Ltd as sub-custodian of Superhero. Neither Superhero nor FinClear acquires any beneficial or proprietary interest in your securities or cash, or the income and rights attached to your securities and neither are able to exercise any rights attached to the ownership of your securities, including disposing of, or otherwise dealing in, your securities.
You alone are the beneficial owner of the cash and securities in your Superhero account.
Please refer to Superhero’s Terms and Conditions for further detail.