Public Statement 3 of 2023 - GIORGI DVORAK (2023-05-19)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public that an individual or entity named GIORGI DVORAK is falsely claiming to be a licensed broker-dealer in the BVI. The FSC confirms that GIORGI DVORAK has never been licensed or regulated by the FSC to carry on investment business or any other financial services business in or from within the Territory.

• Forged licence: A forged investment business licence is circulating that falsely purports to show GIORGI DVORAK is licensed by the FSC to deal in investments and arrange deals in investments.
• No licence status: GIORGI DVORAK has never been licensed or regulated by the FSC as a broker-dealer or for any financial services business.
• Public caution advised: Members of the public are advised to exercise extreme caution if solicited to conduct business with GIORGI DVORAK.
• Reporting invitation: The public is invited to provide the FSC with information on questionable entities and improper activities operating in or from the Territory.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This is a purely informational public statement rather than a rulemaking or licensing instrument, and it does not impose ongoing compliance obligations on regulated entities. It serves as a fraud/scam alert to protect consumers and licensed market participants from being deceived by the forged credential.

Applies to

general public, persons purporting to act as broker-dealers