Survey Reason

Recently many investors called the inspection team hoping we could disclose more New Zealand brokers with fake addresses. In order to meet investors’ strong demand, the investigation team were going to visit UNX in this episode.

Building Survey

According to the regulatory information, the company address of UNX is Suite D, 5 Pearn Place, Northcote, Auckland. The investigation staff visited the spot.

Exclusive

The investigation staff found the place on the regulation information smoothly.

Unexpectedly, the place turned out to be a small market with inferior environment.

Afterwards the investigation staff walked to the room listed on the regulatory information. Instead of UNX, the room was operated by a Chinese accounting company.

The investigation staff inquired of the receptionist whether UNX had moved, but the staff was ignorant of the situation.

Survey Conclusion

It is ascertained by the investigation staff that the address of UNX is inconsistent with that from the regulatory information. The broker’s alleged New Zealand FSPR licence(No.319166) was suspected to be a cloned licence. Also, the broker’s NFA licence(No.0322154) was unauthorized at that moment.