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.
- 22 September 2014
ASIC has welcomed its agreement with the Bank of Queensland Limited (BOQ) for BOQ to pay approximately $17 million as compensation for losses suffered on investments made through Storm. The compensation will be available to BOQ customers who borrowed from the bank to invest through Storm.