ASIC launches site for Storm investors
The Australian Securities and Investments Commission (ASIC) has launched a new website to keep Storm investors informed of its investigations and the outcome of commercial resolution discussions.
The website has a public area with general information about the investigations as well as a secure, personalised section for Storm investors, which displays an extract of their investments from Storm’s database.
ASIC said in the future it expects to include information on the personal section that identifies legal proceedings that ASIC proposes to commence to recover monies for Storm investors.
If the legal action is commenced, the personal section will also include a hypothetical snapshot of funds that potentially may be returned to investors if the action is successful.
ASIC will write to eligible Storm investors this month with details of the website and an application form with proof of identity requirements. Hard copies of the information will also be available by mail.
The site can be found at https://storm.asic.gov.au.
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