Public Statement 11 of 2024 - Martin Vitek (2024-05-02)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) alerting the public that an individual or entity identifying as Martin Vitek has never been licensed or regulated by the FSC to carry on investment business or any other financial services business in or from the BVI.

• Allegation: Martin Vitek is circulating a forged investment business licence purporting to authorise Dealing in Investments and Arranging Deals in Investments.
• FSC finding: Martin Vitek is not a BVI company and has never been licensed or regulated by the FSC for any financial services activity.
• Public advice: Members of the public are urged to exercise extreme caution if solicited to conduct business with Martin Vitek.
• Call for information: The FSC invites the public to report information on questionable entities purportedly operating in or from the BVI and any improper activities by such entities.

The statement is informational and protective in nature, aimed at warning consumers and the industry rather than imposing any regulatory requirement on licensed entities.