The Philippine Securities and Exchange Commission issued a cease-and-desist order against BG Wealth Sharing Ltd., founder Stephen Beard and associated parties for soliciting public investments through an unauthorized cryptocurrency copy-trading scheme. The order requires them to stop offering unregistered securities and end their related online activities until they obtain the necessary approvals. BG Wealth allegedly targeted the public, particularly overseas Filipino workers, with promised daily returns of 1.3% on a minimum investment of USD 500 or PHP 30,000 through the DSJ Exchange platform. The entity is not registered as a corporation or partnership, holds no license to sell securities and has not registered any securities with the commission. The SEC said the offering also constitutes financial fraud under the Financial Products and Services Consumer Protection Act and continued despite a public advisory issued in January 2026.

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