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InterPrac hit with AFCA complaints
Financial Standard
|August 25, 2025
Sequoia Financial Group's InterPrac Financial Planning is facing $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) for its advisers’ role in the collapse of the Shield Master Fund and First Guardian Master Fund.
Sequoia said in a trading update that this “represents InterPrac’s potential exposure prior to any assessment of the merits of each complaint, and before consideration of any recoveries or offsets.”
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