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SEC Sues BG Wealth and DSJ Exchange Over $130M Retail Investment
The SEC has filed a civil complaint against BG Wealth Sharing and DSJ Exchange, alleging they raised over $130 million from tens of thousands of retail investors. The pitch involved crypto trading signals and risk-free returns, backed by false Form ADV and Form D filings that looked like government approval. The SEC claims neither entity was registered with them, and the disputed filings have since been removed from the Commission's website. The SEC is seeking injunctions, disgorgement, and civil penalties.