Inspection Reason

Recently, many investors made telephone calls to the inspection team, expressing their hope for the inspection team to expose more Australia licensed brokers whose actual addresses are inconsistent with that recorded by the regulator. To help investors get rid of potential risk to money safety, inspection personnel decided to visit the Australia licensed broker Berndale Capital to get more first-hand information.

Office

Regulatory information shows the Australia licensed broker Berndale Capital is at Level 10, 379 Collins Street Melbourne VIC 3000, and the inspection team visited the broker at the site.

The inspection personnel found the office building easily as the address number “379” was strikingly placed. The office building is quite modern.

The inspection personnel found another address plate of the office building at one corner of the office building.

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The inspection personnel entered the building through the main entrance, and checked the floor guide at the lobby. There was no information about Berndale Capital on the floor guide. To ensure inspection quality, the inspection personnel went to Level 10 by elevator, and still didn’t find any information about Berndale Capital on the floor guide put at the corridor.

The inspection personnel found no logo or office of Berndale Capital after searching the whole floor. Disappointed, the inspection personnel left the office  building.

Conclusion

The inspection team’s on-site inspection confirms the actual address of the licensed broker Berndale Capital in Australia doesn’t match the address from the broker’s regulatory information. The inspection team identified that the broker is under no valid regulation at present as the broker’s full license (No. 290108) issued by ASIC is canceled.