Alerts & Cautions
The Manitoba Securities Commission issues investor alerts to warn the public about activities that are illegal or pose a risk to the general public. If you would like these alerts sent directly to your inbox, please sign up here.
MSC: MSC issues a warning to Manitobans about FSM Smart Ltd
Posted: Nov. 2, 2018
MSC: MSC issues a warning to Manitobans about XATRA CORPORATION
Posted: May 22, 2018
Xatra claims on its site to be, “The new 2018 crypto currency that will guarantee you a safe investment,” and promises, “An annual return of approximately 100%.” Guarantees of high returns and low risk are one of the most common red flags of investment fraud.
MSC: Don't Bank on Bitcoin Scheme
Posted: March 6, 2018
Winnipeg - The Manitoba Securities Commission (MSC) is issuing a warning to Manitobans about BITCOIN BANK – an online investment ‘bank’ for cryptocurrency allegedly operating from Sunnyvale, California. Bitcoin Bank recently began soliciting Manitobans via classified ad sites and social media to participate in an Initial Coin Offering (ICO) and trading scheme.
MSC’s investigation shows much of BITCOIN BANK’s website content is misleading. See more
- MSC warns Manitobans of Emirates-based Bitcoin scheme - December 22, 2017
- Celebrity Likeness Lures Manitoba Couple into Investment Scam - July 24, 2017
- Manitoba friends lose big money to foreign fraudsters - July 4, 2016
- Foreign firm takes Manitoba woman for $10,000 - June 2, 2016
- Securities investigator randomly contacted by illegal investment firm - April 20, 2016
- Social media ad leads another Manitoban to financial peril - April 18, 2016
- Elderly Widow most recent victim in binary options investment scam - April 4, 2016
- CSA alerts Canadians: Beware binary options platforms - March 23, 2016
- Manitoba resident loses thousands investing in unregistered firm onetwotrade.com - March 10, 2016
- MSC warns of unregistered firm UFX.com and Reliantco Investments Limited targeting Manitobans using social media platforms - January 12, 2016
- Camaco International Ltd. - May 26, 2015
- Investor Alert for Stratus Financial Group International - April 1, 2015
- Maitland Capital and First Global Ventures investors at risk of being revictimized - March 26, 2015
- CSA Investor Alert: Unregistered binary option platforms target Canadians - March 9, 2015
- MSC issues warning about Ecovexco Investment Group - February 4, 2015
- MSC issues an Investor Alert on Felmina Alliance - April 2, 2013
- MSC issues warning on Profitable Sunrise - March 15, 2013
- MSC issues an Investor Alert on Accredited International/ Accredited FX - March 5, 2013
- MSC Warns the Public about Possible Advanced Fee Scheme - February 6, 2012
- Boiler Rooms Target Manitobans - June 17, 2011
- BCSC
- and MSC warn about another possible York-Rio - 'Re-victimization' scheme - September 27, 2010
- Securities regulators warn of investments that encourage you to unlock your retirement savings - March 23, 2010
- Genius Funds - March 1, 2010
- MSC and BCSC Uncover ‘Re-victimization’ Scheme - September 24, 2009
- Warning Regarding Global 8 Environmental Technologies Inc. - August 14, 2009
- What are Exempt Market Securities - April 27, 2009
- B.C. and Manitoba securities regulators investigating Gold-Quest International - March 5, 2008
- Foreign Currency Trading Is Not For Novices: Securities regulator warns investors about the risks - May 25, 2007
- The Manitoba Securities Commission issues a warning to investors after reports of a suspicious investment Scheme operating in the Province - April 16, 2007
- BC and Alberta securities regulators issue warning after reports of a suspicious investment scheme operating in the two provinces - January 25, 2007
- Advertisements promoting investment opportunities - October 17, 2006
Regulators Warn Investors to Read the Fine Print - May 7, 2004 - Public warned to be aware of Illegal Investment Opportunities - December 18, 2003
- Improper Trading in Securities - November 7, 2003
- Synergy Alliance Group - February 19, 2003
- Palmetto Financial Services Inc. - October 31, 2002
- Pension Plan Investment Scheme - October 3, 2002
- RRSP Scam - June 21, 2001
- Tri-West Bank Debenture Program - February 6, 2001
- Bank Debenture Program
- Nigerian Scheme
Access Trading and www.accesstrading.com
Date Posted: Aug. 24, 2018
Additional information: | Access Trading and www.accesstradingltd.com are not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Access Trading claims to be operating in the United Kingdom and Belgium. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Avatrade
Date Posted: Dec. 21 2017
Additional information: | Avatrade and www.avatrade.com are not (and never have been) registered in Manitoba to engage in the business of trading securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Shtern Group
Date Posted: Oct. 17 2017
Additional information: | Shtern Group, www.shterngroup.com, and European Soft Ltd. are not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. |
Silver Trade
Date Posted: Oct. 17 2017
Additional information: | Silver Trade and www.silvertrade.com are not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Aidan Trading
Date Posted: Oct. 16 2017
Additional information: | Aidan Trading, www.aidantrading.com, and Catalyst CM Ltd. are not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
MetaInvesting
Date Posted: Sept. 6 2017
Additional information: | MetaInvesting, www.metainvesting.com, and Capital Marketing Ltd. are not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
GTOptions
Date Posted: July 24 2017
Additional information: | GTOptions, www.gtoptions.com, and MJ Vents Ltd. are not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. GTOptions is allegedly operating out of Bulgaria. |
Argo Commerce
Date Posted: July 6 2017
Additional information: | Argo Commerce, www.argocommerce.com and Bali Limited Ltd. are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Argo Commerce / Bali Limited is allegedly operating out of Sofia, Bulgaria. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Option 500
Date Posted: May 30 2017
Additional information: |
Option 500, www.option500.com, and Options Solutions Online Limited are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Option 500 is allegedly operating out of Aberdeen, Aberdeenshire, Scotland, United Kingdom. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Millionaire Blueprint
Date Posted: May 30, 2017
Additional information: |
Millionaire Blueprint, www. millionaire-blueprint .com, and Melnic Group Ltd. are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Millionaire Blueprint is allegedly operating out of Sophia, Bulgaria. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Boss Capital
Date Posted: May 30, 2017
Additional information: |
Boss Capital, www. bosscapital .com, and Melnic Group Ltd. are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Boss Capital is allegedly operating out of Sophia, Bulgaria. |
TorOption
Date Posted: April 21, 2017
Additional information: |
TorOption, www. toroption .com, and Smart Choice Zone LP are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. TorOption is allegedly operating out of Glasgow, Scotland, U.K. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
B4Binary
Date Posted: December 8, 2016
Additional information: |
B4Binary, SG 55 Ltd., and www.b4binary.com are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. B4Binary is a brand operated by SG 55 Ltd., allegedly operating out of Leeds, United Kingdom, China, and Israel. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
PWR Trade
Date Posted: November 15, 2016
Additional information: |
PWR Trade, GN Capital Limited, GN Management, and www.pwrtrade.com are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. PWR Trade is a brand operated by GN Capital., allegedly operating out of The Marshall Islands, and GN Management, allegedly operating out of Sofia, Bulgaria. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Ivory Option
Date Posted: November 15, 2016
Additional information: |
Ivory Option, Arya Group Ltd., Arianus Ltd., and www.ivoryoption.com are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Ivory Option is a brand operated by Arya Group Ltd., allegedly operating out of London, U.K., and Sofia, Bulgaria. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
53 Option
Date Posted: October 14, 2016
Additional information: |
53 Option and www.53option.com are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. 53 Option is allegedly operating out of London, England. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Hedgestone
Date Posted: October 14, 2016
Additional information: |
Hedgestone Group, Iconics PS Limited, Icon Markets Limited, and www.hedgestonegroup.com are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Hedgestone is a brand operated by Icon Markets Limited, allegedly operating out of Belize and Bulgaria. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Trade Rush
Date Posted: June 29, 2016
Additional information: |
Trade Rush, TR Binary Options, www.traderush.com, www.trbinaryoptions.com, Cheshire Capital Ltd. are not registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Banc de Binary
Date Posted: June 29, 2016
Additional information: |
Banc de Binary, www.bancdebinary.com, BDB Services Ltd. are not registered in Manitoba to engage in the business of trading securities or advise with respect to investing in, buying or selling securities Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Zulutoys Limited doing business as RB Options
Date Posted: June 10, 2016
Last known/disclosed address: | Zulutoys Limited Ajeltake Road Ajeltake Island Majuro, MH96960 Marshall Islands 1-647-846-8231 |
Additional information: |
Zulutoys Limited doing business as RB Options is not registered in Manitoba to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
UB Innovation Limited doing business as uBinary
Date Posted: June 10, 2016
Last known/disclosed address: | Majuro, Marshall Islands |
Additional information: |
UB Innovation Limited doing business as uBinary is not registered in Manitoba to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Uno Media Solutions Limited doing business as Binary Uno
Date Posted: June 10, 2016
Last known/disclosed address: | Mahe, Seychelles |
Additional information: |
Uno Media Solutions Limited doing business as Binary Uno is not registered in Manitoba to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Benedict Morris Binary Option doing business as www.bmboption.com
Date Posted: March 23, 2016
Last known/disclosed address: | Commonwealth of Dominica |
Additional information: |
Benedict Morris Binary Option doing business as www.bmboption.com is not registered in Manitoba to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Titan Trade Capital Limited doing business as www.titantrade.com
Date Posted: March 23, 2016
Last known/disclosed address: | London, UK |
Additional information: |
Titan Trade Capital Limited doing business as www.titantrade.com is not registered in Manitoba to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Karatbars International GmbH doing business as karatbars.com
Date Posted: February 18, 2015
Last known/disclosed address: | Königstrasse 52, 70173 Stuttgart, Germany |
Additional information: |
The Autorité des marchés financiers (“AMF”) issued an investor alert on March 20, 2014, warning the public in Quebec to exercise caution about an investment program linked to a German company, Karatbars International GmbH (“Karatbars”), whose investment products are primarily promoted through conferences, the Internet and social media. Karatbars is not registered in Manitoba to trade in, or advise on, securities or exchange contracts. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
B.H.N.V. Online Ltd. doing business as opteck.com and optaffiliates.com
Date Posted: December 2, 2014
Last known/disclosed address: | Suite 102, Blake Building, Corner of Eyre & Hutson Streets, Belize City, Belize |
Additional information: |
B.H.N.V. Online Ltd. doing business as opteck.com and optaffiliates.com is not registered in Manitoba to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |
Galaxy Investment Management Ltd. doing business as www.gimsafeinvestor.com
Date Posted: December 2, 2014
Last known/disclosed address: | 2101 Brimley Rd, Scarborough, ON, Canada M1S 2B4 |
Additional information: |
Galaxy Investment Management Ltd. doing business as www.gimsafeinvestor.com is not registered in Manitoba to engage in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities. Visit www.recognizeinvestmentfraud.ca to see other investor warnings and check the registration of any person or company offering securities in Manitoba. |