Alberta Securities Commission issues cease and desist letters to BG Wealth Sharing and DSJ Exchange promoters

The Alberta Securities Commission has issued several cease-and-desist letters to promoters linked to BG Wealth Sharing, an online cryptocurrency and multi-level marketing scam, and its associated fraudulent trading platform DSJ Exchange, also known as DSJ EX. The action follows complaints that people connected to the scheme are trying to extract additional money from investors as it begins to collapse. The commission said there is no evidence any legitimate trading took place on DSJ EX websites or applications, despite investors being shown account balances and high returns that are believed to have been fabricated. BG Wealth Sharing was added to the commission’s Investment Caution List in January 2026 and became the subject of an Investor Alert in February 2026. The scheme was promoted through recruiters, referral networks, storefronts, in-person events, social media and private messaging apps, with investors told to deposit crypto into wallets controlled by BG Wealth Sharing and DSJ EX. Some investors have been told they must pay a 12 per cent “tax” before they can withdraw funds. The commission warned that such demands are a sign of fraud, said paying the fee will not recover funds, and cautioned that the scheme may shift into recovery scams or rebrand social media groups as new investment opportunities. It advised affected investors to stop engaging with the groups, delete related apps, secure accounts and personal information, and avoid sending any additional money. The commission is continuing to review activity linked to the scheme and is working with securities regulators in Canada and the U.S. to prevent further harm.