Do you trust Gazza?InterPrac could have several implications for SEQ which owns InterPrac.
Potential Impacts:
Reputational Risk: As the parent company of InterPrac, Sequoia may face reputational challenges due to the actions of its authorised representatives involved in the ASIC investigations. Fewer advisers will look to join the AFSL, which is a major source of income.
Regulatory Scrutiny: The investigations might lead to increased oversight of Sequoia's operations, especially concerning compliance and supervisory practices within its subsidiaries. There is a good chance of an enforceable undertaking to restrict them from taking on new advisers/limiting how many advisers that they can recruit.
Financial Performance: Legal proceedings or potential penalties could impact Sequoia's financial health. Loss of advisers will affect revenue. increase of insurance costs, will increase expenses.
Dig a little deeper@Mauombo. It's your money. GLTAH
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Last
35.5¢ |
Change
-0.010(2.74%) |
Mkt cap ! $43.87M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 35.0¢ | $417.3K | 1.160M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1810 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 17459 | 2 |
View Market Depth
| Last trade - 14.51pm 13/06/2025 (20 minute delay) ? |
| SEQ (ASX) Chart |