The Australian Securities and Investments Commission (ASIC) issued a securities fraud warning against GSPartners on November 15, 2023, adding the company to its Investor Alert List. This action came after GSPartners was identified for offering financial services to Australian consumers without holding the necessary Australian financial services or credit license, a requirement under national law.

Australian law mandates that nearly all providers of financial services must hold a license from ASIC. Without such registration, any entity offering securities to Australian consumers operates outside the legal framework, which ASIC defines as securities fraud. The regulatory body cautions consumers to be wary of unsolicited investment offers or suspicious websites, advising that entities on its alert list are not to be trusted.

Meanwhile, GSPartners has cultivated a significant online presence in Australia, notably through a Facebook group titled "GS Partners Australia," which currently counts over 3,800 members. Brent Dobson and Mell Balment, both from Queensland, administer this group. Dobson is reportedly employed by Toyota, while Balment identifies herself publicly as a "quantum coach and healer." Another private Facebook group, "Solutions Outside the System," created in February 2023, has gathered over 4,700 members and is also used to promote GSPartners. Martene Wallace and Stacey Smith are cited as "leaders" within this group. Martene, along with her partner Nathan Wallace, known as "freetoexplore" on social media, reportedly attended a recent GSPartners marketing event in Cape Town, South Africa. Smith, who uses the handle "barefootkiwis," was also present at the Cape Town gathering.

GSPartners is run by Josip Heit, who is believed to hold a German passport and is currently residing in Dubai. The Australian warning is not an isolated incident. GSPartners and Heit have faced a wave of regulatory enforcement actions across multiple international jurisdictions.

In the United States, several states have taken action against GSPartners and Heit, including Arkansas, Wisconsin, Kentucky, California, Washington, Alabama, and Texas. Federal oversight has also begun, with confirmed ongoing investigations by both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). These federal inquiries suggest the alleged conduct may involve a broader scope of financial market violations.

Canada has seen seven distinct securities fraud warnings against GSPartners. These alerts originated from British Columbia, Ontario, Alberta (specifically targeting G999, GSTrade, and GSPartners), Quebec, and Saskatchewan. The British Columbia Securities Commission recently took further action against three GSPartners promoters, working in coordination with their US counterparts.

South Africa's Financial Sector Conduct Authority (FSCA) added to the international warnings, issuing its own GSPartners securities fraud alert on November 22. The cumulative weight of these actions, particularly the involvement of federal regulators in the US, points to the increasing likelihood of a criminal case being built by the Department of Justice. To date, neither Josip Heit nor any GSB executives have publicly addressed the extensive regulatory enforcement actions against GSPartners.