I understand where you're coming from- she'll be right because ol' Gazza said it's not material, but I’d be cautious about underestimating this. The ASIC investigation into Venture Egg, and by extension Interprac, goes to the heart of licensee responsibilities under s912A of the Corporations Act. If ASIC determines that supervision was inadequate, it could have serious implications—not just for the individuals involved, but for the entire licensee and its broader network. This isn’t just a compliance technicality; it’s about trust, risk management, and protecting clients. ASIC is also famous for being slow to act, however that's why licensees exist. They are supposed to supervise their advisers effectively so ASIC doesn't have to. @padrinomessina has raised good points here-they are not downramping.
These forums are also not purely for pumping stocks- that's why there are 4 options to choose from re sentiment, as well as 2 options re your holding position.
SEQ Price at posting:
32.5¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)