CashFX Group has received a securities fraud warning from the Manitoba Securities Commission.

As per the
MSC’s March 3rd alert
(click the “investor cautions” tab if you’re visiting the link);

Cash FX, Cash FX Group S.A., CFX, and cashfxgroup .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.

Manitoba is the fourth Canadian province to issue a CashFX Group securities fraud warning.

Over the past few months
Sasktchewan
,
Quebec
and
British Columbia
have all issued similar warnings. Quebec went so far as to add CashFX Group it’s list of illegal investment companies.

Undermining the efforts of Canadian financial regulators however is top CashFX promoter Luigi Bruni.

Bruni openly promotes
CashFX Group
from Montreal, Quebec.

Having identified securities fraud, Canadian authorities are yet to actually do anything to curb Bruni’s flouting of the law.

In addition to Canada, CashFX Group has received securities fraud warnings from
Norway
,
the Bahamas
and
Panama
.

Alexa currently ranks the top sources of traffic to CashFX Group’s website as the UK, the US and Nigeria.

Update 5th March 2021 – 
The Manitoba Securities Commission’s website is a bit wonky, you have to click the “investor cautions” tab on the provided link.

Over time the CashFX Group fraud notice will be buried, so I’ve included a screenshot of it below:

Thanks to the reader who wrote in with the suggestion (and also let me know I spelt Manitoba wrong!).

🤖 Quick Answer

What is the CashFX Group securities fraud warning issued by Manitoba Securities Commission?
The Manitoba Securities Commission issued a fraud alert against CashFX Group, stating that the company and its associated entities are not registered in Manitoba to conduct securities trading or investment advisory services. This marks the fourth Canadian province to issue such a warning, following similar alerts from Saskatchewan, Quebec, and British Columbia.

Why is CashFX Group's lack of registration significant in Canada?
Operating without proper registration to conduct securities business or provide investment advice violates Canadian financial regulations. Unregistered entities cannot legally engage in these activities, exposing investors to potential fraud and financial losses without regulatory oversight or consumer protection mechanisms.

Which Canadian provinces have issued warnings against CashFX Group?
Four Canadian provinces have issued securities fraud warnings against CashFX Group: Manitoba, Saskatchewan, Quebec, and British Columbia. Quebec took additional enforcement action by formally listing CashF

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