Regulatory Alerts2026-07-06
Added · Updated
Public Notice No. 7 of 2026 – DSJ Exchange PTY Ltd/BG Wealth Sharing Ltd/Professor Stephen Beard
The Securities Commission of The Bahamas warns that DSJ Exchange PTY Ltd, BG Wealth Sharing Ltd, and Professor Stephen Beard are not registered or licensed to operate in the jurisdiction and are conducting unlawful activities. The entities are identified as running a fraudulent Ponzi and multi-level marketing scheme involving a fake trading app, with investment tiers ranging from 500 to 5,000 USDT promising daily returns. The Commission advises the public to exercise extreme caution and avoid engaging in transactions with these unauthorized entities, noting that such activities constitute illegal financial schemes subject to criminal prosecution.
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