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Showing 1 - 4 of 4 results for "Cassimatises"

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... said funds; these investments were used to pay Storm's fees. The Federal Court made its original judgement on the Cassimatises' system in 2016. It found that the advice given to a sample of clients - all over 50, approaching retirement or retired, with ...

Senior CBA exec puts blame on the bank for Storm disaster

LAURA MILLAN  |  THURSDAY, 1 AUG 2013
... Emmanuel Cassimatis in October 2002 and coming out of the meeting "very, very frightened." According to Bailey, the Cassimatises weren't interested on the CALIA process and were "violently opposed to any property investment so to the customers who came ...

Storm founders will face trial

LAURA MILLAN  |  MONDAY, 1 JUL 2013
... civil penalty proceedings alleging that the former executive directors breached their duties. ASIC seeks to ban the Cassimatises from the financial services industry and disqualify them from managing companies, as well as the payment of pecuniary penalties. ...

ASIC takes legal action against Storm founders and banks

ASIC RELEASE  |  FRIDAY, 26 NOV 2010
... action against the two Storm financial directors for allegedly contravening section 180 of the Corporations Act. The Cassimatises breached their duty as directors by permitting Storm to be exposed to legal liability, said ASIC. The liability comes from ...
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