Recently, the inspection team received many investors’ phone calls with the hope of more Australia licensed brokers whose real address were inconsistent with those declared by the supervision agency exposed more frequently. To help them better shun those fraud brokers, the investigation staff decided to go to visit the Australia licensed company Star Stone for more first-hand information.
According to the regulatory information, the address of the Australia licensed company Star Stone was: Level 22, 600 Bourke Street Melbourne VIC 3000. The investigation staff visited the spot.
To finish the investigation task as soon as possible, they drove to the street as the regulatory information showed soon after they just had their breakfast, and successfully found the target, a large and modern building. They had to enter the building through the temporary entrance of another underground commercial building since the lobby was being decorated at that moment.
The moment they entered the building, they checked the electronic guide board at one side of the temporary reception desk. According to that, they learned that it was Go Markets rather than Star Stone that set an office on the floor as the regulatory information showed. To ensure the quality of the investigation, they came to the 22nd floor by elevator and saw the floor guide the minute they got out of it. The floor guide showed that GO Markets, MUFG Bank, Interpro Australia set their offices on the floor. So, does not Star Stone set its office on this floor? That’s what puzzled them. To prove this, they circled around the whole floor and found that there were three office areas in total, none of which belonged to Star Stone.
It has been proved by the on-the-site investigation of the staff that the actual address of the Australia licensed broker Star Stone is inconsistent with that declared by the supervision agency. The MM license (254963) it holds issued by ASIC is suspected to be cloned.
2-5 years | Suspicious Regulatory License | Non MT4/5 Software | S…
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