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Storm Financial Group
- Thread starter Garpal Gumnut
- Start date
Julia
In Memoriam
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Does anyone know what is happening with the court action(s)? Solly seems to have disappeared after regularly putting up links.
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Hi Julia
GG contacted me by bush telegraph advising that my absence has been noted. It's been very busy on George St lately, I've been juggling many matters that have consumed my time.
I hopefully will be able to add some value to this forum in the coming months.
I have formed the view that there will be some very interesting determinations and actions this year.
I hope the links below are of interest.
S
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When matters are next in Court
Below are the dates and venues when proceedings ASIC have commenced in relation to the collapse of Storm are next in Court.
Proceedings are being held in public so anyone interested may attend.
Oral closing submissions for the Trial will commence on 18 February 2013
ASIC unregistered managed investment scheme proceedings
Federal Court, Brisbane
Justice Reeves
Level 7, Harry Gibbs Commonwealth Law Courts Building
119 North Quay
Brisbane QLD 4000
Proceedings adjourned ASIC civil penalty proceedings
Federal Court, Brisbane
Justice Reeves
Level 7, Harry Gibbs Commonwealth Law Courts Building
119 North Quay
Brisbane QLD 4000
Hearing is scheduled for 3 weeks commencing 3 June 2013 ASIC and Doyle proceedings
Federal Court, Sydney
Queens Square
Level 18, Law Courts Building
Queens Square
Sydney NSW 2000
Source : https://storm.asic.gov.au/storm/storm.nsf/byheadline/Next%20Court%20Dates?opendocument
Below are the dates and venues when proceedings ASIC have commenced in relation to the collapse of Storm are next in Court.
Proceedings are being held in public so anyone interested may attend.
Oral closing submissions for the Trial will commence on 18 February 2013
ASIC unregistered managed investment scheme proceedings
Federal Court, Brisbane
Justice Reeves
Level 7, Harry Gibbs Commonwealth Law Courts Building
119 North Quay
Brisbane QLD 4000
Proceedings adjourned ASIC civil penalty proceedings
Federal Court, Brisbane
Justice Reeves
Level 7, Harry Gibbs Commonwealth Law Courts Building
119 North Quay
Brisbane QLD 4000
Hearing is scheduled for 3 weeks commencing 3 June 2013 ASIC and Doyle proceedings
Federal Court, Sydney
Queens Square
Level 18, Law Courts Building
Queens Square
Sydney NSW 2000
Source : https://storm.asic.gov.au/storm/storm.nsf/byheadline/Next%20Court%20Dates?opendocument
Julia
In Memoriam
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Thank you, Solly. May we depend on you to keep us advised of the results of the forthcoming court proceedings?
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I'll post info when possible Julia. I'm involved in some other issues at the moment.
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Let the truth be known or the heavens fall.
An oxymoron is an apparent contradiction in terms; for instance, “definite possibility”.
In relation to the victims of Storm Financial and its lackeys, the Banks, terms such as “clearly misunderstood” or “conscionable bankers” fit the bill.
The people that were unfortunate enough to be caught up in the financial disaster caused by Storm and the banks associated with that unscrupulous outfit have had to endure continuous flack from those in our community and on this forum because the facts have not been fully known. However, we that were there and know what happened are now at long last having our day in court.
Despite the CBA’s attempts to buy its way out of trouble it now finds itself in a position where its double dealings as far as its Storm customers were concerned are finally coming to light.
The centerpiece of this case will focus on statutory, contractual and unconscionability matters that our detractors have chosen to ignore because it doesn’t fit their arguments. It would seem that they view these essential issues as unimportant in the scheme of things. I feel confident, however, that the Court will not be so tolerant.
Anyone that has read the transcript of the opening address by Mr. R. Dubler SC, acting on behalf of the CBA’s Storm clients that are involved in the CBA class action will be struck at once by the extraordinary and unique relationship that existed between the CBA and Storm that transgressed the bounds of any acceptable commercial propriety. The partnership that arose which led to that Bank and Storm shamelessly churning money out of people who were for the most part retirees, rivals that of Burke and Hare who choked people to death so they could sell the bodies to anatomists. Any semblance of fair practice has long gone and if you ask me, so has the CBA!
If that bank feels alone, it shouldn’t because the Macquare Bank and the BOQ are just as guilty.
For those on this forum that still cling to the notion that these banks were only acting within the framework of proper and ethical banking, you need to think again. This was an orchestrated self-serving unconscionable unethical scam that has no place in our society. Anyone that condones such behavior is at odds with the laws as they relate to consumers and the conduct that we should demand as a free society.
In the coming weeks I suggest that the knockers pay close attention to what is revealed in court because it will be the truth, the whole truth and nothing but the truth. Hearsay and conjecture based on uninformed personal opinion will have no part in these proceedings because they are not part of the laws under which our society functions. To live otherwise would be to invite anarchy.
An oxymoron is an apparent contradiction in terms; for instance, “definite possibility”.
In relation to the victims of Storm Financial and its lackeys, the Banks, terms such as “clearly misunderstood” or “conscionable bankers” fit the bill.
The people that were unfortunate enough to be caught up in the financial disaster caused by Storm and the banks associated with that unscrupulous outfit have had to endure continuous flack from those in our community and on this forum because the facts have not been fully known. However, we that were there and know what happened are now at long last having our day in court.
Despite the CBA’s attempts to buy its way out of trouble it now finds itself in a position where its double dealings as far as its Storm customers were concerned are finally coming to light.
The centerpiece of this case will focus on statutory, contractual and unconscionability matters that our detractors have chosen to ignore because it doesn’t fit their arguments. It would seem that they view these essential issues as unimportant in the scheme of things. I feel confident, however, that the Court will not be so tolerant.
Anyone that has read the transcript of the opening address by Mr. R. Dubler SC, acting on behalf of the CBA’s Storm clients that are involved in the CBA class action will be struck at once by the extraordinary and unique relationship that existed between the CBA and Storm that transgressed the bounds of any acceptable commercial propriety. The partnership that arose which led to that Bank and Storm shamelessly churning money out of people who were for the most part retirees, rivals that of Burke and Hare who choked people to death so they could sell the bodies to anatomists. Any semblance of fair practice has long gone and if you ask me, so has the CBA!
If that bank feels alone, it shouldn’t because the Macquare Bank and the BOQ are just as guilty.
For those on this forum that still cling to the notion that these banks were only acting within the framework of proper and ethical banking, you need to think again. This was an orchestrated self-serving unconscionable unethical scam that has no place in our society. Anyone that condones such behavior is at odds with the laws as they relate to consumers and the conduct that we should demand as a free society.
In the coming weeks I suggest that the knockers pay close attention to what is revealed in court because it will be the truth, the whole truth and nothing but the truth. Hearsay and conjecture based on uninformed personal opinion will have no part in these proceedings because they are not part of the laws under which our society functions. To live otherwise would be to invite anarchy.
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+1 Thanks for posting Frank.
Garpal Gumnut
Ross Island Hotel
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Frank or Solly, any update on proceedings?
gg
gg
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More by Kate Kachor @ http://www.financialobserver.com.au...storm-compensation-error#sthash.pXjIHOgp.dpuf
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Before Storm clients approached their banks they’d already received investment advice from Storm, for an agreed fee of 7% of whatever money was invested according to Storm’s advice.
Banks have lending departments for providing loans. They have investment departments for providing investment advice.
If any Storm client was wanting investment advice beyond what Storm had already provided, then the bank’s lending department would have been happy to provide it.
The word highlighted in bue above was meant to be 'investment', not 'lending'.
To clarify.....If Stormers wanted investment advice from their banks then I believe they should have consulted the banks investment advisers.
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