Inspection Reason

Some investors made phone call to the inspection team for more information of New Zealand licensed brokers whose real address were not the same with its regulation address. In response to investors’ strong need, the survey personal went to PREMIER in New Zealand to know more about it.

Office

According to the regulation information, the New Zealand licensed broker PRIMIER is located at Level 12, 120 Albert Street, Auckland. The survey personal then visited this place.

With the help of map navigation, the survey personnel found the ordinary building as indicated by the regulatory information.

Selected Photos

The surveyed personnel found a floor guide in the corridor on the 12th floor. According to the guide, we learned that PRIMIER's office is not on this floor. In order to ensure the correctness of the survey result, the survey personnel asked the employees of other companies on the 12th floor. The person being asked said that he did not know anything about PRIMIER.

Conclusion

After the on-site survey, it was confirmed that the actual address of the New Zealand licensed dealer PRIMIER was inconsistent with the regulatory address. Although the dealer is a licensed dealer, the financial services business license issued by the New Zealand FSPR with a reference number of 546507 is suspected of being a clone license.