Inspection Reason

Some investors made phone calls to the inspection team for more information of Australia licensed so that they can have better understanding on how to choose brokers. In response to investors’ strong need, the inspection personnel went to Westpac in Australia to know more about it. However, the inspection team didn’t expect it would be a dangerous one.

Office

According to the regulatory information, the Australia licensed broker Westpac is located at Westpac Place' Level 18, 275 Kent Street Sydney NSW 2000. The inspection personnel then visited this place.

Because the building indicated by regulatory information is labeled with a conspicuous number, the personnel successfully found this huge modern office building.

The inspection personnel saw the logo of Westpac on the outer side of the building. When they were about to step in, the fire alarm sounded.

The inspection personnel had to leave the building. The inspection was force ended.

Conclusion

The visit by the inspection personnel confirmed that the broker Westpac’ real address is consistent with its regulatory address. Although this broker has a MM license issued by ASIC (reference number 233714).