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An update from Sequoia Financial Group Ltd. ( (AU:SEQ) ) is now available.
Sequoia Financial Group Ltd. announced that its subsidiary, InterPrac Financial Planning Pty Ltd., is facing civil penalty proceedings initiated by ASIC in the Federal Court. The proceedings relate to historical conduct involving former representatives and their investment recommendations. InterPrac plans to defend the allegations, asserting compliance with the Corporations Act, and emphasizes that the issue does not impact its current operations or commitment to clients.
The most recent analyst rating on (AU:SEQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Sequoia Financial Group Ltd. stock, see the AU:SEQ Stock Forecast page.
More about Sequoia Financial Group Ltd.
Sequoia Financial Group Ltd. operates in the financial services industry, primarily offering financial planning and advisory services. The company focuses on providing comprehensive financial solutions to its clients, leveraging its subsidiaries like InterPrac Financial Planning Pty Ltd. to deliver tailored investment strategies.
Average Trading Volume: 238,976
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$35.23M
Learn more about SEQ stock on TipRanks’ Stock Analysis page.