Inspection Reason

Recently, many investors called the inspection team, expressing their hope for the inspection team exposing Australia’s brokers, whose real addresses are inconsistent with the ones in their regulatory information. Given that, the investigators went to Australia for a closer look at MPM .

Company Building

MPM’s office address in the regulatory information is Level 10, 131 Macquarie Street, SYDNEY NSW 2000.It has been informed that the trader’s license has been canceled. The investigators carried out a field trip to this licensed broker.                                                                                                                                                                                                                  Since the building’s name and house number were very conspicuous, the survey personnel have successfully found this modern building.

Featured Photos   

The personnel immediately entered the building. Based on the floor signboard at the ground floor lobby, they found it was not MPM, but Cambodian Pty Ltd, at the 10th floor. To obtain an accurate survey result, the survey personnel took the elevator to the 10th floor, finding only one company named CALEDONIA on this floor.

Inspection Conclusion

The investigators, based on the result of the field trip, confirmed that MPM’s real address failed to match with the one in its regulatory information.It is informed that the broker’s license (No. 253012) authorized by ASIC has been cancelled. Please be aware any trading risks.