nspection Reason

Recently, many investors made telephone calls to the inspection team asking for more exposure of Australia licensed brokers whose regulation addresses were unauthentic. In response to investor’s need, the surveyor went to the Australia licensed broker Westfield Global to learn more about the broker.

Office Building

According to the regulation information, the Australia licensed broker was located at Level 2 suite 204 185 Elizabeth St. Sydney NSW 2000. The surveyor decided to visit the broker.

Guided by a map, the surveyor found the quite ancient and exquisitely decorated office building indicated by the regulation information wihout much trouble.

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The surveyor found there was a restaurant on the 1st floor after entering the building. Then the surveyor walked to the 2rd floor but didn’t find the broker’s name on the company directory in the aisle. According to the directory, Room 204 belonged to a law firm. In order to ensure the accuracy of the inspection result, the surveyor wandered around the entire floor but still didn’t find the broker’s office.

Conclusion

It was confirmed after the surveyor’s inspection that the real address of Westfield Global in Australia was different from its regulation address. The broker had an AR license issued by ASIC (RN: 001268303) and a financial service company license (RN: 405766) issued by FSPR.