Canada ASC News Releases

ASC Investor Alert: BG Wealth Sharing Suspected Investment Scheme

The Alberta Securities Commission (ASC) has issued an investor alert warning the public about BG Wealth Sharing, a suspected investment scheme promoted via social media and messaging apps. The scheme, linked to DSJ Exchange, claims to use AI for guaranteed returns and is not registered in Alberta.

Court Dismisses Ronald Aitkens' Appeal of Fraud Conviction

The Alberta Securities Commission (ASC) announced that the Court of King's Bench dismissed Ronald Aitkens' appeal of his 2024 conviction and sentence for fraud and making false or misleading statements. The appeal related to securities distributed through an offering memorandum for Legacy Communities Inc.

Securities Regulators Amend Benchmark Assurance Report Requirements

Canadian securities regulators have adopted final amendments to Multilateral Instrument 25-102, strengthening assurance report requirements for designated benchmarks. These changes clarify the scope, timing, and level of assurance for reports submitted by independent public accountants, effective May 5, 2026.

ASC Alleges Securities Law Breaches by Daniel Astete and 2307755 Alberta Ltd

The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Daniel Rodolfo Astete and 2307755 Alberta Ltd. breached Alberta securities laws by engaging in illegal distributions of securities. The companies allegedly raised approximately $500,000 through a crowdfunding platform without filing a prospectus, and improperly paid $21,000 to Astete from the funds raised.

CSA Disarms Over 7,500 Fraudulent Investment Websites

Canadian securities regulators have announced the successful deactivation of over 7,500 fraudulent investment and crypto scam websites between June 2025 and February 2026. This initiative, highlighted during Fraud Prevention Month, aims to protect investors from online scams.