Investor Alert for Halifax and Associates
The Nova Scotia Securities Commission is alerting investors that Halifax and Associates is not registered to sell securities in Nova Scotia.
At least one Nova Scotia investor has lost money after investing with Halifax and Associates. The investor was persuaded to first purchase bitcoin and use that bitcoin to fund his account.
Halifax and Associates claims to be an online trading platform based out of Denmark specializing in the trading of crypto-assets and other financial instruments. Halifax and Associates is soliciting investments over the phone and through its website, halifaxandassociates.com . Investors are required to provide specific personal information after opening an account.
The commission urges Nova Scotians to exercise extreme caution when dealing with anyone that is not registered in Nova Scotia. If you have had contact with Halifax and Associates, please contact the commission. Nova Scotians can contact the commission to report scams or what is believed to be suspicious behavior from anyone offering investment opportunities.
Quotes:
“The internet can be a dangerous place to shop for investments. Always take the time to check registration and understand the risks and costs associated with your investments. Further, never give out personal information without verification of the legitimacy of operations. This is particularly important where the entity or individual is unknown. Becoming an informed investor is your best protection from falling victim to scams.”
– Stephanie Atkinson, acting director of enforcement, Nova Scotia Securities Commission
Quick Facts:
- it is illegal to solicit investments in Nova Scotia without registering with the commission and complying with Nova Scotia securities laws
Additional Resources:
Halifax and Associates was also the subject of an investor alert issued in Manitoba last month: http://www.mbsecurities.ca/news/current/jbcapitals-alert.html.
File a complaint or report a scam to the Nova Scotia Securities Commission: https://nssc.novascotia.ca/recognize-and-report-scam
To see if a company or person is registered, visit: https://www.securities-administrators.ca/nrs/nrsearchprep.aspx