** Sequoia Financial Group SEQ.AX dives as much as 28.1% to A$0.23, lowest since July 30, 2020
** Financial services co says Australian corporate regulator ASIC has began investigation into suspected contraventions of the Corporations Act & ASIC Act 2001 by its unit
** Stock sees busiest session since December 30, with 699,787 shares traded
** SEQ last down 6.3%, taking YTD losses to 22.1%
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((JasmeenAraIslam.Shaikh@thomsonreuters.com;))
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