TL;DR: The SEC alleges BG Wealth and DSJ Exchange raised more than $130 million using false filings and trading claims. The civil complaint is an allegation, not a final judgment.

The US Securities and Exchange Commission has brought a civil case against BG Wealth Sharing and DSJ Exchange, alleging that the businesses used official-looking filings to help sell an investment program built around purported crypto trading signals.

An October 30 litigation release details the complaint filed on October 29. The case puts a familiar distinction at its center: appearing in a government database does not mean a regulator has approved an investment.

What the SEC alleges

According to the SEC’s litigation release, the defendants raised more than…