Manitoba Securities Commission Fraud Prevention

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Call the tip line: 1-855-FRAUD-MB

Alerts & Cautions

Investor Alert: Jbcapitals and Halifax & Associates

Posted: March 20 2020

MSC Issues Investor Alert on Jbcapitals

and Halifax & Associates

Winnipeg - The Manitoba Securities Commission (MSC) is issuing an investor alert on Jbcapitals and Halifax & Associates, affiliated companies operating in Switzerland and Denmark, after a rural Manitoban has been defrauded of over $8,000.


“The victim in this fraud became involved with a company via a Facebook advertisement,’” says Jason Roy, Senior Investigator with the MSC. “The company, Jbcapitals claimed to invest in Bitcoin/cryptocurrency markets on behalf of their clients with an “85% success rate”, but the victim was never able to recover any of his initial investment or supposed returns.”

While fraud is not a new concept, the methods used by scammers are constantly evolving to adapt to new situations and technology, such as cryptocurrency. Manitobans should be aware of the red flags of fraud:


·       promises of high returns with low risk,

·       pressure to invest quickly / limited time offers

·       secret or insider information / exclusive offers

·       offers from complete strangers

·       unregistered salespeople and companies

·       inconsistent details / avoiding questions / no paper trail


Members of the public are advised to contact MSC if they believe they have been targeted by any type of investment fraud attempt. MSC’s anti-fraud line is 1-855-FRAUD-MB.


The public can also visit for more information on common investment frauds and scams.



The Manitoba Securities Commission is a division of the Manitoba Financial Services Agency, a Special Operating Agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province.                                                                           -30-

Media Inquiries:                      

Jason Booth, Communications Coordinator, MSC  |  204.945.1660 |