This site provides information about ASIC investigations, court proceedings and settlements relating to Storm Financial Limited (Receivers and Managers Appointed) (In Liquidation).
One of the key parts of ASIC's investigations is to consider recovery of compensation for Storm investors who suffered financial loss.
- 26 August 2016
The Federal Court has today found that the directors of Storm Financial, Emmanuel and Julie Cassimatis, breached their duties as directors. The Court also found that Storm Financial provided inappropriate advice to certain investors.