ASIC v Cassimatis (Storm Financial)
court judgment21 Aug 2015
Respondent
Storm Financial Ltd + Emmanuel + Julie Cassimatis (directors)
Facts
ASIC alleged directors breached duty of care + diligence (s 180) by causing AFSL to provide inappropriate advice to vulnerable clients.
Outcome
Court found contraventions; pecuniary penalties + 7-year disqualifications.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.