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ASX:SEQ

6 stories mentioning ASX:SEQUpdated 15d ago

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Asia

Sequoia Financial Group Ex-Boss Faces 10-Year ASIC Ban From Financial Services Roles

Sequoia Financial Group (ASX:SEQ) former Chief Executive Garry Crole has been banned by the Australian Securities and Investments Commission (ASIC) for 10 years from performing any function involved in carrying on a financial services business as a director or responsible manager, according to a Tuesday statement by ASIC.The regulator said Crole failed to adequately respond to serious concerns about the financial advice model used by former Interprac-authorized representatives, who advised thousands of clients to invest superannuation in the now-collapsed First Guardian and Shield Master Funds.The company did not immediately respond to anemail request for comment.

ASX:SEQ
Asia

Sequoia Financial Group CFO Resigns

Sequoia Financial Group (ASX:SEQ) said Chief Financial Officer Lizzie Tan has resigned, effective Sept. 2, according to a Monday filing with the Australian bourse.The company has appointed Graeme Lay as CFO, effective Monday, the filing added.

ASX:SEQ
Asia

Sequoia Financial Group Revokes Interim Dividend for Half-Year Ended December 2025

Sequoia Financial Group (ASX:SEQ) said its board decided to revoke the fully franked interim dividend of AU$0.01 per share, determined on Feb. 23, for the half-year ended Dec. 31, 2025, according to a Thursday Australian bourse filing.The board decided that the immediate priority is to manage the firm's capital responsibly, focus on resolving the ongoing legal matters regarding InterPrac Financial Planning, and to reduce business risk for shareholders.

ASX:SEQ
Asia

Federal Court Approves Sequoia, InterPrac Undertaking Not to Deliver Notice With ASIC Regarding Cancelled Sale

Sequoia Financial Group (ASX:SEQ) said the Federal Court of Australia approved an undertaking from InterPrac Financial Planning and Sequoia that they will not deliver any certificate or notice to the Australian Securities and Investments Commission (ASIC) for the purpose of a clause of the deed of cross guarantee in respect of the proposed sale of shares of InterPrac to Conquest Investment Partners, according to a Monday Australian bourse filing.A court order was made, dated July 31, for the proceedings to be discontinued.Sequoia unit, Sequoia Wealth Group, had earlier terminated the share sale agreement with Conquest for the proposed sale of InterPrac, saying that developments after the signing resulted in circumstances where completion could not occur on terms consistent with those originally planned by the parties.

ASX:SEQ
Asia

Sequoia Financial Group Unit Terminates Proposed Sale of InterPrac to Conquest Investment Partners

Sequoia Financial Group's (ASX:SEQ) unit, Sequoia Wealth Group, terminated the share sale agreement with Conquest Investment Partners on Friday, and the proposed disposal of InterPrac Financial Planning to Conquest Investment Partners will not proceed, according to a same-day Australian bourse filing.Developments after the signing resulted in circumstances where completion cannot occur on terms consistent with those originally planned by the parties, per the filing.Under the changed circumstances, the Sequoia determined that it is not in the best interests of shareholders to proceed.

ASX:SEQ
Asia

Sequoia Financial Group Says ASX Will Not Require Shareholder Approval for InterPrac Disposal

Sequoia Financial Group (ASX:SEQ) received confirmation from the Australian Securities Exchange (ASX) that the regulator will not require it to obtain shareholder approval for the proposed disposal of InterPrac Financial Planning to Conquest Investment Partners, according to a Thursday Australian bourse filing.The company said ASX will not require it to re-comply with chapters 1 and 2 of the ASX listing rules or obtain shareholder approval under listing rules 11.1.2 or 11.2 in respect of the proposed transaction.Sequoia Financial Group's shares rose 1% in recent Thursday trade.

ASX:SEQ

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