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Regulatory

Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings

With ASIC withdrawing legal proceedings against Sequoia Financial Group after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale of InterPrac Financial Planning, the group remains coy about the deal with Conquest Investment Management going ahead.

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Read more: ASIC,  Conquest Investment Management,  Deed of Cross Guarantee,  InterPrac Financial Planning,  Sequoia Financial Group,  ASX,  Federal Court,  Sequoia Wealth Group First Guardian,  Garry Crole,  Michael Ryan,  Shield