Manitoba Securities Commission Fraud Prevention

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Alerts & Cautions

MSC issues warning on Profitable Sunrise

Posted: March 15 2013

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. Profitable Sunrise is not authorized to carry out business in Manitoba.

According to its website Profitable Sunrise offers five different investment plans, with a minimum investment of $10.00 and a “risk free” return of between 1.6 and 2.7 percent per business day on a 180-240 day term.

The Alberta, BC and Quebec Securities Commission have issued alerts against Profitable Sunrise. If you have been contacted by someone claiming to represent Profitable Sunrise, please contact the MSC.

Reminder to investors

As part of Fraud Prevention Month, the MSC reminds consumers that it is important to protect themselves against becoming a victim of investment fraud. Check out the MSC website at http://www.msc.gov.mb.ca/education/index.html for resources on investment scams and what action you can take to protect your hard earned money.  

If you have received unsolicited phone calls about investment opportunities please contact the Manitoba Securities Commission at (204) 945-2548 or toll free at 1-800-655-5244 and ask to speak to an investigator.

The Manitoba Securities Commission is an independent agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province.