The Financial and Consumer Affairs Authority of Saskatchewan is warning Saskatchewan people of the online entity known as HQI Exchange and its apparent connection to BG Wealth, also known as BG Wealth Sharing Group and DSJ Exchange.

The companies have claimed to offer trading opportunities to Saskatchewan residents, including hedge funds, shared funds and pooled funds.

The FCAA warns that HQI Exchange, BG Wealth and DSJ Exchange are not registered to trade or sell securities or derivatives in Saskatchewan. Despite not being registered with the FCAA, the companies falsely claim otherwise.

Saskatchewan residents looking to invest should always check the company’s registration status at aretheyregistered.ca. Anyone who has invested with HQI Exchange, BG Wealth, or DSJ Exchange is asked to contact the FCAA’s security division.