Australia's Sequoia unit sues financial complaints body after pension fund collapse
Reuters
Yesterday
Australia's Sequoia unit sues financial complaints body after pension fund collapse
March 10 (Reuters) - Australia's Sequoia Financial Group SEQ.AX said on Tuesday its unit InterPrac Financial Planning has commenced proceedings against the Australian Financial Complaints Authority in the country's federal court.
The proceedings are in relation to AFCA's final determination with regards to financial advice provided by InterPrac relating to the now-collapsed Shield Master Fund, Sequoia said.
(Reporting by Nikita Maria Jino in Bengaluru; Editing by Sumana Nandy)
((Nikita.Jino@thomsonreuters.com;))
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