Alberta Securities Commission (ASC)
The Alberta Securities Commission is the regulatory agency responsible for administering the province’s securities laws. At WE Seniors Edmonton, we share the ASC’s mission: to foster a fair and efficient capital market in Alberta and protect investors.
UPDATES FROM OUR FRIENDS AT ASC
As part of our commitment to financial wellness and seniors’ fraud prevention, we’re excited to partner with the ASC to bring you valuable resources and updates. From time to time, we’ll be highlighting investment tips and fraud alerts from their organization to help you make informed decisions and stay safe from financial scams.
Below is the update from the ASC!
June 2026
June is Seniors Month in Canada, a time to celebrate and recognize the important role older adults play in our families and communities. As new technology and scam tactics arise, it can be hard to stay informed, especially as you get older. This month, learn about current scams leveraging new AI technology and ways to protect yourself and your loved ones from investment fraud.
In this month’s edition:
- Latest investor article – Seniors’ Month: Protecting older adults from investment scams
- Workshops – Register for upcoming in-person events and virtual sessions focused on starting your investment journey and fraud awareness
- Regulator news – Cease-and-desist letters issued to stop further harm to victims of BG Wealth Sharing as scam collapses
- Resource spotlight – How to determine your return on investment
Seniors’ Month: Protecting older adults from investment scams
June is Seniors Month in Canada, a time to celebrate and recognize the important role older adults play in our families and communities. It’s also an opportunity to share more information about how to help protect the seniors in our lives from increasingly sophisticated investment scams.
Unprompted phone calls or texts from someone claiming to be a legitimate investment advisor or firm, or a sudden call from a familiar-sounding voice asking for emergency funds, are just a few examples of real-world scams that disproportionately affect older adults. These scams can be difficult to detect, particularly when fraudsters pose as people we know and trust.
Read more about investment scams and how they work to protect yourself and your loved ones.
ASC issues cease-and-desist letters to prevent further harm to victims of BG Wealth Sharing as scam collapses
The Alberta Securities Commission (ASC) has issued several cease-and-desist letters to promoters linked to BG Wealth Sharing, an online cryptocurrency and multi-level marketing (MLM) scam, and its associated fraudulent trading platform, DSJ Exchange (also known as DSJ EX) in an attempt to prevent further investor harm.
The ASC issued an Investor Alert for BG Wealth Sharing in February 2026 after first placing it on the ASC Investment Caution List in January. Recent complaints indicate that promoters and others linked to the scheme are trying to obtain more money from investors as it begins to collapse. The BG Wealth Sharing website (bgwealthsharing.com) was seized by U.S. law enforcement in late April 2026.
How Canadians are investing is changing: Here’s what you should know
Younger investors are entering the market earlier and relying on digital tools to guide their decisions, while older Canadians are adjusting how they manage retirement income as life expectancies, and living and care costs, continue to grow.
This article was originally published on the Alberta Securities Commission’s (ASC) investor education website CheckFirst.ca. The ASC is the regulatory agency responsible for administering the province’s securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate, and harmonize the regulation of Canada’s capital markets.
Upcoming workshops and events
Virtual event – Recognizing and avoiding investment scams in partnership with the Edmonton Public Library
Monday, August 10, 2026 | 6:30 – 7:30 p.m.
Investing can be part of a healthy financial future, providing you with greater personal freedom, a healthy retirement, a sense of security or the ability to afford the things you want in life. Investment fraud can jeopardize those goals, but there are ways that you can protect yourself. Join us to discover the steps fraudsters rely on and learn how to help your friends, family and yourself stay clear from investment fraud.
Provided in partnership with Alberta Securities Commission (ASC), the regulatory agency responsible for administering the province’s securities laws. Their mission is to foster a fair and efficient capital market in Alberta and to protect investors.
The link for this event will be sent to all registered customers in the reminder email sent out 24 hours before the event.
Investment Terms Fun Fact
What is an initial public offering?
An initial public offering (IPO) is when a private company takes itself ‘public’ by selling shares of its stock to the public on a stock exchange.
Investment Caution List
Did you know The ASC provides a searchable list of companies and individuals that are not registered in Alberta but appear to be engaging in activities that require registration under Alberta securities laws, or may be an investment scam.