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Sequoia Confirms ASIC Lawsuit Against Subsidiary Impacted Share Price
3:41pm on Monday 24th of November, 2025 AEDT
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Financial Services
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Sequoia Confirms ASIC Lawsuit Against Subsidiary Impacted Share Price
3:41pm on Monday 24th of November, 2025 AEDT
Key Points
ASIC commenced civil penalty proceedings against InterPrac, a Sequoia subsidiary
Sequoia considers the proceedings material to its securities’ value
Formal notification received on 13 November 2025 triggered ASX disclosure
Sequoia requested a trading halt promptly after becoming aware
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Sequoia Financial Group (ASX:SEQ)
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