Inspection Reason

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

Company Building

LOANFX’s office address in the regulatory information is Bartholomaeus Roland Lassnig Level 3 5 Short Street, Newmarket Auckland. The investigators carried out a field trip to this licensed broker.

According to the map, the investigators found the company building indicated by the regulatory information. They found that the new building was actually the law school building of the University of Auckland.

Featured Photo

After the survey personnel entered the building, they found a library, classroom, and offices on the ground floor. They believe that almost no company will work in a university teaching building.

Inspection Conclusion

The investigators, based on the result of the field trip, confirmed that LOANFX’s real address failed to match with the one in its regulatory information. Its financial service provider license(license number: 162824) issued by Financial Service Providers Register has been canceled.