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. Upon their requests, they decided to visit GSDO, the Australia licensed broker for more first-hand information.

Company Building

According to the regulatory information, the address of the Australia licensed company GSDO was: Level 27, 25 Bligh Street, Sydney NSW 2000. The investigation staff visited the spot.

They drove to the fairly new office building as the regulatory information showed. Later, they entered it and came to the 27th floor by elevator.

Exclusive

They didn’t find GSDO on the company signage in the corridor, but noticed there were Gleneagle and its three affiliates, Rubix FX, Global Prime and Centennial Property Group.

Subsequently, they circled around the floor, and only to find out that the whole floor belonged to the Gleneagl Group, and there was no GSDO’s turf.

Summary

It has been proved by the on-the-site investigation of the staff that the actual address of the Australia licensed broker GSDO is inconsistent with that declared by the supervision agency. The Investment Advisory License (No.298221) issued by ASIC that the broker holds is suspicious of cloning. The Common Financial Service License (0506948) issued by NFA that it holds suggests that the broker is overrunning. Besides, the Retail Forex License (14875) issued by VFSC that it holds has been revoked.