Alberta Securities Commission Issues Warning
The **Alberta Securities Commission** (ASC) has issued a fraud alert regarding **Polar Tensor**, indicating that the company is not registered to trade in securities or derivatives within Alberta.
Understanding the Warning
This warning is significant for both potential investors and the MLM community at large. The ASC's notice indicates that **Polar Tensor** may be targeting individuals affected by the recently collapsed **BG Wealth Sharing** and **DSJ Exchange** schemes, potentially adding to their hardships.
Consequences of Unregistered Trading
The ASC emphasizes that engaging with a firm like **Polar Tensor**, which is unregistered, poses severe risks. Without registration, investors lack critical protections, increasing their vulnerability to potential fraud. Offering unregistered securities breaches provincial financial laws, categorizing it as securities fraud.
“Investors are urged to avoid firms that are not properly registered as there is no assurance of any protections.”
Polar Tensor's Operations and Alleged Ties
According to the ASC, **Polar Tensor** operates through the websites “polar-tensor.com” and “polar-money.com.” It markets itself as an AI trading bot within a multi-level marketing (MLM) framework, but industry observers have flagged it as a Ponzi scheme. The operation is purportedly controlled by a figure named “Felix Bick,” who alternates between a live actor and an AI-generated avatar.
Notably, **Bob Bearden**, a U.S. national, is reportedly involved in promoting **Polar Tensor**, raising concerns about the legitimacy and structure of the operation.
Website Traffic and Geographic Reach
As of April 2026, analytics from SimilarWeb show that **Polar Tensor** has garnered approximately 102,000 visits monthly. Interestingly, almost all of this traffic originates from Germany (98%), with a mere 1% from the United States.
What This Means
The ASC's alert serves as a crucial reminder for potential investors in the MLM space. Individuals must exercise caution when approached by companies like **Polar Tensor**, especially those engaging in dubious practices targeting vulnerable populations.
For distributors, this situation highlights the importance of transparency and compliance in the MLM industry. Engaging with unregistered entities can ultimately damage reputations and lead to legal repercussions.
Looking Ahead
Investors should keep an eye on further developments regarding **Polar Tensor**. As the ASC continues to monitor the situation, more information may emerge about the company’s operations and the involvement of its promoters.
