BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 26679 / October 30, 2026
Securities and Exchange Commission v. BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd, No. 3:26-cv-12746 (N.D. Cal. filed Oct. 29, 2026)
Two Entities Charged in $130 Million Fraud Scheme That Used False SEC Filings to Boost Investor Confidence
On October 29, 2026, the Securities and Exchange Commission charged two foreign-operated, Colorado-incorporated entities, BG Wealth Sharing Ltd and DSJ Exchange Pty Ltd, for orchestrating a fraud scheme that used false SEC filings to boost confidence in their investment program and helped them raise more than $130 million from tens of thousands of retail investors.
According to the SEC’s complaint, from at least October 2025 through June 2026, BG Wealth and DSJ Exchange induced investors, many located in more than 40 U.S. states and multiple U.S. territories, to participate in a supposed “wealth-sharing program” by promising extraordinary, risk-free returns generated by so-called SI-generated “signals” for crypto asset trading. In addition, BG Wealth claimed to be the world’s largest hedge fund, registered with the SEC as an investment adviser, and partnered with a purported licensed and secure crypto trading platform, DSJ Exchange. None of that was true, but to create the appearance that they were legitimate entities, the complaint alleges that the defendants submitted false Form ADV and Form D filings to the SEC which were publicly viewable and shared with investors as supposed proof that the SEC had licensed or approved them. Neither entity was registered with the SEC, and their filings contained false information, as alleged.
The complaint, filed in the United States District Court for the Northern District of California, charges BG Wealth and DSJ Exchange with violating the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, and charges BG Wealth with violating Sections 204(a) and 207 of the Investment Advisers Act of 1940. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against both defendants and conduct-based injunctions against BG Wealth.
The SEC’s Office of Investor Education and Assistance has issued investor alerts warning investors that scammers are using SEC exempt reporting adviser filings to create a false impression of legitimacy and to lure investors into scams with false claims of SEC registration. The SEC encourages investors to use Investor.gov to check the background of anyone offering or selling them an investment.
Separately, the Form ADV filed by BG Wealth and the Form D filed by DSJ Exchange have been removed from the Commission website.
The SEC’s ongoing investigation is being conducted by Madiha M. Zuberi and Kathleen Hitchins with assistance from Thomas Bedkowski and Sejal Bhakta and supervised by Erin E. Wilk and Laura D’Allaird, all of the Division of Enforcement’s Cyber and Emerging Technologies Unit. The litigation will be led by Russell O’Brien and supervised by Jason Bussey of the SEC’s San Francisco Regional Office.
The SEC appreciates the assistance of the Alberta Securities Commission; the Hawaii Department of Commerce and Consumer Affairs, Securities Enforcement Branch; the Texas State Securities Board; the Utah Department of Commerce, Division of Securities; the Washington State Department of Financial Institutions; and the Wisconsin Department of Financial Institutions, among other authorities and regulators.