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Showing 61 - 70 of 72 results for "Storm Financial"

Storm subsidiary in liquidation

MEDIA RELEASE  |  FRIDAY, 20 MAR 2009
... Victorian Families Retirement Investment Group has been placed in "provisional liquidation" after its parent company Storm Financial called in the receivers. The group was placed into provisional liquidation by the Federal Court in Brisbane with Storm ...

ASIC seeks Storm liquidation

PRESS RELEASE  |  THURSDAY, 19 MAR 2009
The Australian Securities and Investments Commission (ASIC) has applied to place Storm Financial into liquidation after the firm's former directors posted a "misleading" memorandum on their website. This application follows the Storm Financial's former ...

Pearce backs TCF policy

MICHAEL HOBBS  |  FRIDAY, 6 MAR 2009
... the parliamentary inquiry into financial products and services locally as a result of the issues arising from Storm Financial and other recent collapses. "If there's any evidence that comes out of this inquiry that protection of consumers needs to be ...

CommBank's 64,245 margin calls

WWW.THESHEET.COM  |  THURSDAY, 12 FEB 2009
... the financial advisory industry was illustrated in a recent 4 Corners ABC television report into the collapse of Storm Financial when an investor who had an annual non-investment income of $50,000 was able to raise a margin loan of $1.5 million. Additional ...

Storm takes fight online

MICHAEL HOBBS  |  TUESDAY, 10 FEB 2009
Storm Financial founders Emmanuel and Julie Cassimatis have opened a new website to fight and defend against various claims regarding their now-collapsed business. The website, www.cassimatis.com.au, features a quote; "My crusade is to find justice ...

ASIC blocks $2m Storm bonus

MEDIA RELEASE  |  THURSDAY, 5 FEB 2009
... Securities and Investments Commission (ASIC) has obtained a court order preventing a payment of $2 million from Storm Financial to a bank account in which is held by Emmanuel and Julie Cassimatis. The sum was transferred from a Storm Financial account ...

Whistleblower wanted

MICHAEL HOBBS  |  TUESDAY, 3 FEB 2009
... more closely." On Friday last week, Bloch said the FPA received no formal complaints from any of its members or Storm Financial clients regarding the financial planning firm's dealings. If a formal complaint was made, the FPA would have launched an investigation ...

FPA heads to eye of Storm

MICHAEL HOBBS  |  MONDAY, 2 FEB 2009
... Financial Planning Association (FPA) is travelling to Townsville, Queensland to speak to those directly affected by Storm Financial's advice and the firm's subsequent collapse. Speaking at a press conference on Friday, Jo-Anne Bloch, FPA chief executive ...

Dealer groups bank on strong balance sheets

MICHAEL HOBBS  |  TUESDAY, 20 JAN 2009
... Australian Financial Services, The Salisbury Group and Snowball step up to explain their business models after the Storm Financial collapse. While Storm Financial is one of hundreds of dealer groups in the market, its troubles stemming from excessive ...

Storm staff lose jobs

MICHAEL HOBBS  |  FRIDAY, 16 JAN 2009
... administrators, Worrells Solvency and Forensic Accountants have closed Queensland based financial planning group Storm Financial resulting in 115 staff members losing their jobs. According to a statement, Worrells Solvency and Forensic Accountants said ...