Amar Singh

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is warning Saskatchewan people about the online entity known as HQI Exchange and its apparent connection to BG Wealth Sharing Ltd. (BG Wealth), also known as BG Wealth Sharing Group and DSJ Exchange PTY Ltd. (DSJ Exchange). BG Wealth and DSJ Exchange previously claimed to offer trading opportunities described as hedge funds, shared funds and pooled funds that would deliver high returns. BG Wealth investors were instructed to use DSJ Exchange for those trades. Information currently available to the FCAA indicates that BG Wealth investors may now be directed away from DSJ Exchange to HQI Exchange. They may also be asked to make additional payments, including account activation payments, before funds can be transferred from DSJ Exchange to HQI Exchange. HQI Exchange, BG Wealth and DSJ Exchange are not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan. The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses.