Inspection Reason

Recently, many investors made telephone calls tothe 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. Upon the investors’ request, the inspection personnel decided to visit the Australia licensed broker DDM to get more first-hand information.

Office

Regulatory information shows the Australia licensed broker DDM is at Andrew Demura, Level 3, 139 Collins Street Melbourne VIC 3000, and the inspection team visited the broker at the site.

With the help of map navigation, the inspection personnel located the site and found a quite old office building there. 

Featured Photos

The inspection personnel entered the lobby at the ground floor and checked the floor guide, but finding no information about DDM there.

The inspection personnel walked to Level-3 to ensure the inspection quality, but finding no logo or office of DDM after searching the whole floor. 

Conclusion

The inspection team’s on-site inspection confirms the actual address of the licensed broker DDM in Australia doesn’t match the address from the broker’s regulatory information. The broker’s investment consulting license (No. 352828) issued by ASIC indicates that not all its businesses are licensed.