An update from Sequoia Financial Group Ltd. ( (AU:SEQ) ) is now available.
Sequoia Financial Group Ltd’s subsidiary, Interprac Financial Planning Pty Ltd, is under investigation by ASIC concerning potential contraventions related to the Shield Master Fund and the First Guardian Master Fund. ASIC has initiated proceedings against Mr. Ferras Merhi, an authorised representative of Interprac, and obtained interim freezing orders. Interprac is actively cooperating with ASIC, reviewing its obligations and operations, and ensuring compliance and efficiency in its systems.
More about Sequoia Financial Group Ltd.
Sequoia Financial Group Ltd is an ASX-listed integrated financial services company that offers a range of products and services to self-directed retail and wholesale clients, as well as third-party professional service firms. The company provides investment and superannuation products, wealth management and advisory services, corporate advisory and capital markets expertise, retail, wholesale and institutional trading platforms, and market data and financial news services. Sequoia operates under various AFS Licences.
YTD Price Performance: -11.44%
Average Trading Volume: 103,616
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$40.34M
For a thorough assessment of SEQ stock, go to TipRanks’ Stock Analysis page.