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Showing 21 - 30 of 72 results for "Storm Financial"

Storm founders will face trial

LAURA MILLAN  |  MONDAY, 1 JUL 2013
Storm Financial founders Emmanuel and Julie Cassimatis are set to face trial after the Federal Court decided to dismiss their application for a summary dismissal of the case. The Australian Securities and Investments Commission (ASIC) will pursue its ...

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
... Securities and Investment Commission (ASIC) under the compensation model the regulator developed in connection with the Storm Financial case. A three-week trial was due to commence on 3 June 2013 in the Federal Court of Australia. "The proceedings, which ...

ASIC appeals Macquarie's Storm settlement

MARK SMITH  |  MONDAY, 27 MAY 2013
... (ASIC) has appealed against the Federal Court's decision to approve a settlement between the former clients of Storm Financial and Macquarie Bank. The settlement follows a class action brought against the bank by Sydney law firm Levitt Robinson in the ...

Macquarie to compensate Storm investors in $82.5m deal

STAFF JOURNALIST  |  MONDAY, 18 MAR 2013
... week announced that it has reached an agreement to settle proceedings brought against it by investors advised by Storm Financial and who had Macquarie margin loan facilities. The settlement, an amount of $82.5 million including litigation costs, includes ...

Keep chasing architects of Trio collapse: Agencies

BEN COLLINS  |  FRIDAY, 8 FEB 2013
... for helping reach a settlement with the Commonwealth Bank of Australia on compensation costs for the collapse of Storm Financial. Clients of the Townsville-based financial services company lost around $830 million in the collapse. Meanwhile, it was recently ...

Coalition wants fund governance changes: Fletcher

BEN COLLINS  |  TUESDAY, 5 FEB 2013
... Fletcher, who sat on the committee that investigated the high-profile collapse of financial advice groups such as Storm Financial, said that there is a chance that the economic power of Australia's pension system leaves it at risk of being exploited. ...

Ex-Kangaroo and Storm adviser banned for non-compliance

MARK STORY  |  MONDAY, 3 DEC 2012
ASIC has permanently banned a former Storm Financial Ltd financial adviser from providing any financial services after it found he had engaged in misleading and deceptive conduct and failed to comply with financial services laws. Walter John (Wally) ...

ASIC takes action against Storm adviser

BEN COLLINS  |  THURSDAY, 22 NOV 2012
A Storm financial planner has been slapped with an enforceable undertaking by the corporate watch dog after concerns about his advice to clients. Terence Webb's customers may have been advised to only put their money in the one investment strategy recommended ...

Storm preyed on the naive: ASIC

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
Storm Financial consciously targeted unsophisticated retiree investors who owned their homes but were inexperienced in financial matters, a Brisbane court has heard. Allan Myers, QC who is representing ASIC said investors were lured by presentations ...

ASIC civil case a dead duck: Storm founders

MELANIE TIMBRELL  |  THURSDAY, 20 SEP 2012
... the company, which was solvent at the time of question. He added the Cassimatis were in fact entitled to expose Storm Financial to harm as the sole directors and shareholders of the company and that ASIC had audited Storm in 2005, three years prior to ...