Manitoba Securities Commission Fraud Prevention

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Alerts & Cautions

Protect yourself against investment fraud by staying well informed of the alerts and warnings published by The Manitoba Securities Commission. These alerts warn the public of activities that are illegal or pose a risk to you and your investments.

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Past Alerts CSA Alerts

Posted: July 26 2017

Investor Alert: Celebrity Likeness Lures Manitoba Couple into Investment Scam

Winnipeg - The Manitoba Securities Commission (MSC) is alerting the public on the red flags of investment fraud, as a rural Manitoba couple were defrauded of more than $180,000 by an offshore Binary Options firm. The company lured targets with Internet ads featuring the unauthorized likeness of a well-known Canadian celebrity and the promise of large returns.

Posted: July 24 2017

Investor Caution: GTOptions

GTOptions and www.gtoptions.com are not registered to trade securities in Manitoba.

Posted: July 6 2017

Investor Alert: Argo Commerce

Argo Commerce / argocommerce.com and Bali Limited Ltd. are not registered to trade securities in Manitoba.

Posted: May 30 2017

Investor Alert: Option500.com

Option 500 / Option500.com and Options Solutions Online Limited are not registered to trade securities in Manitoba.

Posted: May 30 2017

Investor Alert: Millionaire-Blueprint.com

Millionaire Blueprint / Millionaire-Blueprint.com and Melnic Group Ltd. are not registered to trade securities in Manitoba.

Posted: May 30 2017

Investor Alert: BossCapital.com

Boss Capital / BossCapital.com and Melnic Group Ltd. are not registered to trade securities in Manitoba.

Posted: April 21 2017

Investor Alert: TorOption.com

TorOption / TorOption.com and Smart Choice Zone LP are not registered to trade securities in Manitoba.

Posted: April 13 2017

Investor Alert: PayDiamond.com

PayDiamond / PayDiamond.com is not registered to do business in Manitoba.

Posted: December 7 2016

Investor Caution: B4Binary

B4Binary and www.b4binary.com are not registered to trade securities in Manitoba.

Posted: November 14 2016

Investor Alert: GN Capital Limited doing business as PWR Trade

PWR Trade, GN Capital Limited, GN Management, and www.pwrtrade.com are not registered to trade securities in Manitoba.

Posted: November 14 2016

Investor Caution: Arya Group Ltd. doing business as Ivory Option

Ivory Option, Arya Group Ltd., and www.ivoryoption.com are not registered to trade securities in Manitoba.

Posted: October 13 2016

Investor Caution: 53 Option

53 Option and www.53option.com are not registered to trade securities in Manitoba.

Posted: October 13 2016

Investor Caution: Hedgestone Group

Hedgestone, Iconics PS Limited, Icon Markets Limited, and www.hedgestonegroup.com are not registered to trade securities in Manitoba.

Posted: July 5 2016

Manitoba friends lose big money to foreign fraudsters

Winnipeg - The Manitoba Securities Commission (MSC) is strongly cautioning the public to reconsider investing with so-called ‘binary options’ trading firms. Three Manitobans have made complaints to MSC after losing a combined $144,446 through PluStocks, an online binary options trading company not registered to conduct business in Canada.

Posted: June 29 2016

Investor Caution: Trade Rush

Trade Rush, TR Binary Options, www.traderush.com, www.trbinaryoptions.com, Cheshire Capital Ltd. are not registered to trade securities in Manitoba.

Posted: June 29 2016

Investor Caution: Banc de Binary

BDB Services (Belize) Ltd. doing business as Banc de Binary at www.bancdebinary.com is not registered to trade securities in Manitoba.

Posted: June 13 2016

Investor Caution: UB Innovation Limited doing business as uBinary

Last known/disclosed address: Majuro, Marshall Islands

Posted: June 13 2016

Investor Caution: Uno Media Solutions Limited doing business as Binary Uno

Last known/disclosed address: Mahe, Seychelles

Posted: June 13 2016

Investor Caution: Zulutoys Limited doing business as RB Options

Last known/disclosed address: Zulutoys Limited Ajeltake Road Ajeltake Island Majuro, MH96960 Marshall Islands 1-647-846-8231

Posted: June 2 2016

Foreign firm takes Manitoba woman for $10,000

Winnipeg - The Manitoba Securities Commission (MSC) is reminding the public to think twice before investing with so-called ‘binary options’ firms. MSC recently received a complaint from a 61-year-old Manitoba woman regarding Magnum Options, a company not registered to sell securities in Manitoba, or anywhere else in Canada.

Posted: April 20 2016

Securities investigator randomly contacted by illegal investment firm

Winnipeg – Manitoba resident Jason Roy couldn’t believe the coincidence when he received a random automated call at his home at 6 p.m. on April 11 from Central Option, a ‘Binary Options’ trading firm offering an ‘amazing investment opportunity.’ Roy, senior investigator with Manitoba Securities Commission (MSC), began a conversation with a self-described expert on Binary Options trading. Roy then began gathering evidence while pretending to be a potential high-value investor.

Posted: April 18 2016

Social media ad leads another Manitoban to financial peril

Winnipeg - The Manitoba Securities Commission (MSC) is cautioning the public on investing with so-called ‘Binary Options’ firms. MSC recently received a complaint regarding fmtrader.com, a company purportedly located in Cyprus and Belize, which is not registered to sell securities in Manitoba, or anywhere else in Canada. The company is not in compliance with provincial securities laws. This is one of a growing number of recent complaints regarding Binary Option firms.

Posted: April 4 2016

Elderly Widow most recent victim in binary options investment scam

Winnipeg - The Manitoba Securities Commission (MSC) is once again cautioning investors about investing in binary options. Manitoba’s most recent victim, an 81 year old widow, invested in IseeBinary.com purportedly located in the country of Moldova. She invested by wiring money to a bank account in the name of Option Ventures in Moldova to be settled at a bank in Romania. Investors should be aware that IseeBinary.com and Option Ventures are not registered to sell securities in Manitoba and that their actions are not in compliance with provincial securities laws.

Posted: March 23 2016

Benedict Morris Binary Option doing business as www.bmboption.com

Last known/disclosed address: Commonwealth of Dominica

Posted: March 23 2016

Investor Caution: Titan Trade Capital Limited doing business as www.titantrade.com

Last known/disclosed address: London, UK

Posted: March 23 2016

CSA alerts Canadians: Beware binary options platforms

Calgary – The Canadian Securities Administrators (CSA) are increasingly concerned about the growth in the number of websites promoting offshore binary options trading platforms that are targeting Canadians. The CSA wants to make it clear: no business is currently registered or authorized to market or sell binary options in Canada.

Posted: March 10 2016

Manitoba resident loses thousands investing in unregistered firm onetwotrade.com

Winnipeg - The Manitoba Securities Commission (MSC) is cautioning investors about onetwotrade.com, a trading website operated by Up and Down Marketing Ltd., purportedly located in the country of Malta. Investors should be aware that onetwotrade.com and Up and Down Marketing Ltd. are not registered to sell securities in Manitoba and that their actions are not in compliance with provincial securities laws. There are currently no Binary Option firms registered to do business in Manitoba.

Posted: January 13 2016

MSC warns of unregistered firm UFX.com and Reliantco Investments Limited

The Manitoba Securities Commission (MSC) is cautioning investors about UFX.com, a trading website operated by Reliantco Investments Limited, located in the country of Cypress. Investors should be aware that UFX and Reliantco are not registered to sell securities in Manitoba and that their actions are not in compliance with provincial securities laws.

Posted: October 20 2015

CSA issues warning about messaging applications being used to entice investors

The securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Quebec, and Saskatchewan are warning the public about fraudulent stock promotions that use popular smart phone messaging applications like WhatsApp to generate investor interest.

Posted: October 15 2015

Manitoba Securities Commission warns about unregistered offshore companies targeting Manitobans

The Manitoba Securities Commission is urging Manitobans to check the registration of any person or company that may be soliciting investors. This is a response to the numerous unregistered offshore individuals and firms that target Manitoba residents every day.

Posted: May 26 2015

MSC warns of unregistered firm Camaco International Ltd. targeting Manitobans

The Manitoba Securities Commission is cautioning investors about an unregistered firm operating under the name Camaco International Ltd, which recently advertised using a Winnipeg radio station.

Posted: April 1 2015

Investor Alert for Stratus Financial Group International

The Manitoba Securities Commission is cautioning Manitoba investors about solicitations made by Stratus Offshore or Stratus Financial Group International.

Posted: March 26 2015

Maitland Capital and First Global Ventures investors at risk of being revictimized

The Manitoba Securities Commission is warning investors of a “recovery room” scheme that is targeting Manitobans who have previously invested with Maitland Capital and First Global Ventures S.A.

Posted: March 9 2015

CSA Investor Alert: Unregistered binary option platforms target Canadians

The Canadian Securities Administrators are warning investors to exercise caution when considering an investment in binary options.

Posted: February 18 2015

Investor Caution: Karatbars International GmbH doing business as karatbars.com

Posted: February 6 2015

Manitoba Securities Commission issues warning about Ecovexco Investment Group

The Manitoba Securities Commission (MSC) is warning the public to be aware of Ecovexco Investment Group, a company that has been advertising a “no risk” investment opportunity in Winnipeg newspapers.

Posted: December 2 2014

B.H.N.V. Online Ltd. doing business as opteck.com and optaffiliates.com

Posted: December 2 2014

Galaxy Investment Management Ltd. doing business as www.gimsafeinvestor.com

Posted: April 2 2013

MSC issues an Investor Alert on Felmina Alliance

The Manitoba Securities Commission (MSC) is warning investors about a “high-yield investment” scheme offered through a promotional website for a company called Felmina Alliance purportedly operating out of New York and/or Panama.

Posted: March 15 2013

MSC issues warning on Profitable Sunrise

The Manitoba Securities Commission (MSC) is warning Manitobans about a suspected “high yield investment” offered through a promotional web site for an off shore company called Profitable Sunrise.

Posted: March 5 2013

MSC issues an Investor Alert on Accredited International / Accredited FX

The Manitoba Securities Commission (MSC) is warning Manitobans to exercise caution if approached to invest in foreign currency exchange (Forex/FX) contracts.