The founders of Storm Financial have been summonsed to appear at a public examination into the failed advisory firm.

During a brief hearing in the Federal Court in Brisbane on Monday, registrar Heather Baldwin ordered Emmanuel and Julie Cassimatis appear in court to give evidence about their company.

Storm Financial, which claimed to have about $4.7 billion of funds under management and more than 14,000 clients, went into administration in January.

The Federal Court ordered the company’s winding up in March, with debts of around $80 million, leaving investors with huge losses and fears they may never recoup their money.

The Australian Securities and Investments Commission has provided $450,000 for the public examination, which will investigate the running of the company and its subsequent collapse.

Another 56 people have been summonsed to give evidence at the hearing, which is expected to start on September 24.

Seven companies - including Bank of Queensland and Commonwealth Bank of Australia - have also been issued with court orders for documents and records relating to their business with Storm.

The public examination is expected to run for 20 days.

AAP