Aggregated News From Investment Management Regulators

Public Statement 8 of 2020 – TROY FINANCIAL, INC.

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PUBLIC STATEMENT

TROY FINANCIAL, INC.

Tortola, British Virgin Islands- 17th July 2020 -The British Virgin Islands Financial Services Commission (the “FSC”) considers it necessary to issue this Public Statement in order to protect the customers,  creditors or persons who may have been solicited to conduct business by TROY FINANCIAL, INC. and to make the general public aware that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business.

The details are:

TROY FINANCIAL, INC. is circulating a forged investment business licence and is falsely purporting to be authorised and licensed in the BVI  for the purpose of carrying out investment business by dealing in investments as an entity licensed and regulated by the FSC.

The FSC hereby informs the public that TROY FINANCIAL, INC. is not and has never been licensed or regulated to carry on investment business, or any other type of financial services business, in or from within the Territory.

Members of the public are advised to exercise extreme caution if solicited at any time to conduct business with  TROY FINANCIAL, INC.  The public is invited to provide the FSC with any relevant information on any questionable entities which are purportedly operating in or from within the Territory, and on any improper activities engaged in by such entities.

The  FSC  has issued this Public Statement pursuant  to  Section  37A of the  Financial Services Commission Act, 2001.

Posting Date: Friday, 17 July, 2020

Category: Public Statements

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Regulator Information

Abbreviation: BVI FSC
Jurisdiction: British Virgin Islands

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