Survey Reason

Recently,the inspection team received many investors’ phone calls with the hope of more Australia licensed brokers whose real addresses were inconsistent with those declared by the supervision agency exposed. In response to their requests, they visited the Australia licensed broker FAMFX for the details.

According to the regulatory information, the address of the Australia licensed company FAMFX was: Suite 1 Level 11, 6-10 O'Connell Street, Sydney NSW 2000. The investigation staff visited the spot.

They easily found the time-honored office building as the regulatory information showed. Entering the lobby, they noticed a floor guide, but didn’t find the broker FAMFX’s name. To ensure the investigation a high quality one, they came to the 11th floor by elevator. After circling around it, they didn’t find FAMFX’s office, but Bailador, Hunt Strategic Advisors, Rental Management Services and Flag Group’s.

Summary

It has been proved by the on-the-site investigation of the staff that the actual address of the Australia licensed broker FAMFX is inconsistent with that declared by the supervision agency. The MM license (No. 459495) issued by ASIC that it holds is suspicious of cloning.