InterPrac Intends to Defend ASIC Proceedings

Sequoia Financial Group Limited (ASX: SEQ) (“Sequoia”) advises that ASIC has commenced civil penalty proceedings in the Federal Court against InterPrac Financial Planning Pty Ltd (“InterPrac”), a wholly owned subsidiary of Sequoia. After careful consideration of ASIC’s Statement of Claim, InterPrac has determined that it intends to defend the allegations vigorously. ASIC’s Statement of Claim conce