Survey Reason

Recently many investors called the inspection team hoping we could disclose more brokers with fake addresses. According to investors' feedback, the investigation team were going to visit LANSFX in this episode.

Building Survey

According to the regulatory information, the company address of LANSFXis Level 18 191 Queen Street Auckland Central Auckland. The investigation staff visited the spot.

Exclusive

The investigation staff found the office building listed on the licence. The building looked ordinary but was well-located. The investigation staff entered the lobby, trying to find the broker's name on the floor guide but failed.

To ensure the quality of the investigation, the staff took the elevator to 18th floor and also failed to find any information of LANSFX on the signboard.

The investigation staff wandered on the 18th floor for a while. Instead of the broker’s office, the investigation staff found the office of Golden Mountain Finance Group Ltd. There were about ten desks in the unoccupied office. The investigation staff inquired the receptionist on the first floor whether Golden mountain Finance Group Ltd is relevant to LANSFX. The receptionist was unaware about their relationship.

Survey Conclusion

It is ascertained by the investigation staff that the address of LANSFX is inconsistent with that from the regulatory information.Its alleged New Zealand FSPR licence(No.188764) was suspected to be a cloned licence.