Reason for this visit

Australian stock market is a diversified financial market covering stock trading, bond issuance, fund management, and more. The stock market in Australia has experienced rapid development, appealing to a large number of investors and traders. In terms of regulation, Australian stock market is relatively well-regulated and is primarily overseen by the Australian Securities and Investments Commission (ASIC), an independent federal government agency responsible for regulating the financial industry, including the stock trading market. Its main responsibilities are to ensure market fairness, transparency, and integrity, protect investor interests, and prevent market manipulation and fraudulent activities. Additionally, Australian stock market has other regulatory bodies and mechanisms, such as self-regulatory organizations of exchanges, working together to maintain market stability and healthy development. Currently, there are numerous stock brokers in Australia, with some large brokers having a significant market share and a substantial customer base. These brokers provide various trading platforms and software to facilitate stock trading for investors. Furthermore, some brokers offer financing services to help investors expand their investment scale. Overall, the regulatory system of Australian stock market is relatively sound, with strong regulatory measures in place to effectively protect investor interests and maintain market fairness, transparency, and integrity. In an attempt to provide investors with a more comprehensive understanding of current brokers in Australia, WikiStock survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Australia to visit broker Ord Minnett as planned according to its regulatory address that Level 7, 50 Appel Street, Surfers Paradise, QLD4217.

The investigators arrived at 50 Appel Street in Queensland, Australia, for a visit to the brokers office on January 5, 2024, and located Surfers Paradise, a distinctive building featuring the local interest and charm of glamorous Gold Coast in the state.

Upon arrival at the building for further investigation, the survey personnel spotted a well-furnished and spacious lobby with cozy sofa sets, and it could be seen from the directory that “Ord Minnett” is situated on the 7th floor of the building.

Upon access to the 7th floor, the survey team saw the reception area and company name of Ord Minnett in its office with good working environment. Additionally, there was a strongly positive working atmosphere in the room despite less staff during the Australian New Year Holiday.

Through the on-site investigation, its confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Australia to visit broker Ord Minnett as scheduled, and found the companys name at its regulatory address. This denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make an informed decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.