Survey Reason

Recently, the team received many investors’ phone calls wishing us to visit more Australia licensed brokers whose real addresses were inconsistent with those declared by the supervision agency. Upon their request, the investigation staff decided to go to visit the Australia licensed broker IGK for more first-hand information.

Company Building

According to the regulatory information, the address of the Australia licensed company IGK was: Level 13, 2-26 Park Street Sydney NSW 2000. The investigation staff visited the spot.

They smoothly found the new building as the regulatory information showed at the divergence of two blocks.

Exclusive

As soon as entering the building, they came to the 13th floor by elevator, finding out that the whole floor belonging to the shared office of REGUS. Since there wasn’t any information about IGK on the floors signage in the floor, they enquired the receptionist in the office to attest whether IGK owned an office area of its own in the office, only to know that the broker didn’t do business in the building.

Summary

It has been proved by the on-the-site investigation of the staff that the actual address of the Australia licensed broker IGK is inconsistent with that declared by the supervision agency. The Common Financial License (313768) issued by ASIC that it holds

has been canceled. Investors shall be prudent before choosing the broker since it is not effectively regulated currently.