A Visit to Equiti Capital Group in Armenia - Office Found

Reason for this visit

The financial market in Armenia is constantly developing with a well-established banking system, and the central bank plays a crucial role in payment and settlement systems. Furthermore, there are a host of securities exchanges in the market, and the insurance market has made uninterrupted progress. These financial institutions provide important support for Armenia’s economic development and draw an increasing number of domestic and foreign investors.

The Financial Supervisory Authority of Armenia (FSA) is the regulatory body responsible for financial oversight in Armenia. Its main responsibilities include ensuring stability, transparency, and fairness in the Armenian financial market, protecting the rights of consumers and investors, and promoting financial innovation and competition. The FSA regulates and supervises financial institutions in Armenia, including banks, insurance companies, securities firms, and fund management companies, ensuring their compliance with relevant laws, regulations, and supervisory requirements. It also conducts audits and inspections of financial institutions’ financial statements to ensure accuracy and compliance. Additionally, the FSA monitors and assesses the risk situation in the Armenian financial market and takes necessary measures to prevent and mitigate financial risks. It also cooperates with financial regulatory authorities in other countries and regions to jointly maintain the stability and healthy development of the international financial market. In an attempt to provide investors with a comprehensive understanding of the current status of Armenian brokers, WikiStock survey team is determined to go the country for on-site visit to local companies.

On-site visit

In this issue, the survey team went to Armenia to visit broker Equiti Capital Group as planned according to its regulatory address that Erebuni Business Center, #609, V. Sargsyan 26/1.

The investigators came to Yerevan, the capital of Armenia, for a visit to the broker’s office on January 24, 2024, and located a building in a business center in the prosperous area. The coveted location for offices boasts convenient transportation, various facilities, and vibrant commercial vibes.

After arrival at the building for further investigation, the survey personnel spotted easily the company name and logo of Equiti Capital Group on the target floor. Unfortunately, people weren’t allowed to visit the working area and shoot photos or videos inside the office.

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

Conclusion

The survey team went to Armenia to visit broker Equiti Capital Group as scheduled, and found the company at its regulatory address. 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.