http://storm.asic.gov.au/proceedings/summary-of-asic-actions/ In the eye of the storm Just wondering was anyone caught up with this company,because from what you read some people were finished for a long time after dealing with this Qld Based Company over 8 years ago..
Storm Financial loses $17m damages claim I particularly like the reason the case was dismissed. pinkboy
It's was never going to any good from the start,plus i don't know what the limitations period for something like this is six years so the could be various factors..
Storm Financial clients slam $140k fine after 3,000 investors left destitute Emmanuel and Julie Cassimatis, the husband and wife founders of collapsed company Storm Financial — which left more than 3,000 clients destitute — are facing fines of $70,000 each under a Federal Court ruling. The couple copped the penalty for giving inappropriate financial advice to vulnerable cash-strapped investors and have also been banned from managing corporations for seven years. During Federal Court hearings in 2016, it was determined the pair had breached the civil, not criminal, duties of directors stemming from the Corporations Act. But the fine is seen as a slap in the face to their former clients, who lost more than $800 million when the company went under.
