A Visit to Freedom Finance in Uzbekistan - Office Found

Reason for this visit

The stock market in Uzbekistan is relatively young and still in its early stages. Due to the market‘s immaturity, there are relatively few brokers, and liquidity and transparency need improvement. Uzbekistan’s government is striving to enhance the regulatory framework of the stock market to foster its healthy development. Regulatory bodies are responsible for overseeing the operations of stock traders and ensuring fair, transparent, and stable market conditions. As regulatory policies continue to improve, Uzbekistan‘s stock market will become more standardized and reliable. As an important economic entity in Central Asia, Uzbekistan holds tremendous development potential. With the government driving economic reforms and openness, the stock market will gradually expand, drawing more investors and brokers. In the future, with improved market infrastructure, robust investor protection mechanisms, and increased internationalization of the financial market, Uzbekistan’s stock market is expected to have broader prospects. In an attempt to provide investors with a comprehensive understanding of current brokers in Uzbekistan, WikiStock survey team is determined to go the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Uzbekistan to visit broker Freedom Finance as planned according to its regulatory address that Republic of Uzbekistan, 100084 Tashkent, A.Temur Avenue, 107B International Business Center, Block C, 12th floor.

The investigators arrived at A.Temur Avenue in Tashkent of Toronto, the capital of Uzbekistan on December 11, 2023, and located the International Business Center, a modern commercial building in a prosperous district. The building boasts a coveted location with a steady traffic of people nearby, and there was a myriad of vehicles parking outside the structure. At the same time, it features modern premium façade comprising floor-to-ceiling glass, exuding its magnificence and grandeur.

Upon arrival at the building for further investigation, the survey personnel managed to know that the Ministry of Finance of Uzbekistan was located in the building. And people werent allowed to enter it due to the stringent security rules. However, according to the security guards, Freedom Finance indeed existed in the building. Unfortunately, the specific office size of the broker is unconfirmed as a result of the failure to visit its office and take photos internally.

Through the on-side investigation, it is confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Uzbekistan to visit broker Freedom Finance as scheduled, and according to the security guards working in the building, they confirmed the existence of the company. This signifies that the broker has a physical business office at the place. Meanwhile, investors are advised to make a judicious 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.