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Showing 31 - 40 of 72 results for "Storm Financial"

CBA proffers Storm settlement

BEN COLLINS  |  MONDAY, 17 SEP 2012
More money is available for victims of the Storm Financial collapse, after the Commonwealth Bank of Australia (CBA) and ASIC reached a settlement agreement. Up to $136 million will be offered as compensation for losses suffered by CBA customers who ...

Market Wrap - Morning

AAP  |  MONDAY, 10 SEP 2012
... news, the Federal Court is expected to hear Australian Securities and Investments Commission proceedings against Storm Financial, Macquarie Bank, Commonwealth Bank and Bank of Queensland, relating to allegations they ran an unregistered managed investment ...

ASIC lines up Macquarie Private

MELANIE TIMBRELL  |  THURSDAY, 6 SEP 2012
... unconscionable conduct and operation of an unregistered managed investment scheme in relation to the 2008 collapse of Storm Financial. The regulator has been toughening its stance against wealth providers. UBS Wealth Management entered into an enforceable ...

Swift resolution sought on Storm trial

MELANIE TIMBRELL  |  WEDNESDAY, 5 SEP 2012
... are expected to hold an emergency meeting tomorrow ahead of Federal Court proceedings on the 2008 collapse of Storm Financial. The meeting will attempt to negotiate a swift resolution to the trial, according to an AAP report, which said if the meeting ...

Commbank knew of potential Storm collapse: lawyers

BEN COLLINS  |  WEDNESDAY, 22 AUG 2012
Lawyers for victims of the Storm Financial collapse said they have uncovered a document which proves that the Commonwealth Bank knew investors would lose their money during the global financial crisis. Barrister Tony Morris told the Federal Court in ...

Storm's victims counselled against settlement

BEN COLLINS  |  WEDNESDAY, 15 AUG 2012
Stewart Levitt, the lawyer representing victims of the failed Storm Financial Group has advised clients not to accept an out-of-court settlement, should one be offered. Levitt advised his clients not to support any move by the Australian Securities ...

Adviser obligations need to be institutionalised: AFA

MELANIE TIMBRELL  |  WEDNESDAY, 8 FEB 2012
... is vital if the advice profession is to overcome the reputation damage caused by events such as the collapse of Storm Financial, according to the head of the AFA. Speaking at the Association of Financial Advisers (AFA) GenXt Roadshow in Sydney this morning ...

Proposed tough planner rules

ELISE BURGESS  |  THURSDAY, 2 JUN 2011
... way not in the interest of their clients. Increasing the impact and reach of ASIC to combat such situations as Storm Financial and Trio Capital, planners may potentially face fines of up to a million dollars and lifetime bans for breaches of new regulations. ...

ASIC bans former Storm adviser

ELISE BURGESS  |  FRIDAY, 25 FEB 2011
Former Storm Financial adviser, Stuart Craig Drummond, has been banned from providing financial services for four years following an investigation by the Australian Securities and Investments Commission (ASIC). Drummond was found guilty of making false ...

ASIC takes legal action against Storm founders and banks

ASIC RELEASE  |  FRIDAY, 26 NOV 2010
Financial services watchdog ASIC is to take legal action against Storm Financial founders, Emmanuel and Julie Cassimatis, and against three banks, on behalf of investors affected by the company's collapse. ASIC will take legal action against the two ...