These are bullion coins made by the Royal Canadian Mint and contain metal . The stockbroker and investment fraud lawyers at Sonn Law Group dedicate their entire practice to protecting the interests of investors who have lost money as a result of the negligent or wrongful conduct of those entrusted with protecting and growing our money. Safeguard and Santulan also allegedly misled investors about Safeguard's commissions and markups on the coins, charging average markups of approximately 64% on its sales of silver coins, instead of the 4% to 33% markups that they disclosed to investors. Accounting and Auditing Enforcement Releases. Investors are advised to check the registration of all investment products and professionals, and ask tough questions about fees, markups, risks, and potential returns. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. Securities litigation attorney Scott Silver, who is representing several of Safeguard Metals' alleged victims in arbitration proceedings, is calling for regulatory reform. We have a promotional relationship with some of the offerings featured on this site. The Sonn Law Group is currently investigating allegations surrounding Safeguard Metals, LLC and Jeffrey Santulan. I was sold an expensive, fabricated coin at an almost 100% commission. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. The complaint further alleges that Safeguards sales agents used prepared scripts, some written by Santulan, that were filled with false and misleading statements about how the market was going to crash and how their retirement accounts would be frozen under a new unpublicized law. The Roundup class action lawsuit alleged that Monsanto mislabeled certain products on the grounds that Roundup Weed & Grass Killer only targets fermented plants and not just humans or pets. A baby food company is facing a class-action lawsuit in New York after a congressional report uncovered internal documents from several companies revealing potentially dangerous levels of heavy. I will likely not live long enough to see this money ever recovered unless I can join a class action suit against Safeguard Metals. Buckhead Tower, Suite 400 3399 Peachtree Rd. Augusta Precious Metals Fees. If you were implanted with an Exactech knee or ankle replacement insert or hip replacement liner, you may be eligible for compensation. The Idaho Department of Finance encourages investors to come forward if they suspect they have been targeted by similar precious metals investment schemes. In a simultaneous filing, the SEC commenced a suit against Safeguard Metals LLC and Jeffrey Santulan for violations arising from the fraudulent precious metals scheme and exorbitantly priced silver coins and for rendering unlawful investment advice. ON SALE. Safeguard Metals LLC of Woodland Hills, California, targeted older investors and sold them gold and silver coins at grossly inflated prices, according to a complaint filed in U.S. District Court by the federal Commodity Futures Trading Commission. The complaint charges defendants Safeguard Metals LLC (Safeguard Metals) and its principal, Jeffrey Santulan a/k/a Jeffrey Hill with executing an ongoing nationwide fraud that solicited and received approximately $68 million in investor funds to purchase precious metals and fraudulently overpriced silver coins. The metals.com scheme affected 1600 seniors nation-wide and involved $185 million. Safeguard Metals steered over 97 percent of its sales from mostly inexperienced investors into overpriced silver coins which had significantly higher markups than gold coins. On February 1, 2022, the Securities and Exchange Commission (SEC) announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multimillion dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. That was substantially more than the amounts the defendants represented in Safeguard Metals customer agreements. *Our firm, in some cases, advance costs and expenses of the case, and in that event, are recovered from the gross recovery of any settlement or verdict. As alleged, Safeguard fraudulently marketed itself as a full-service investment firm with offices in London, New York City, and Beverly Hills that employed prominent individuals in the securities industry and had $11 billion in assets under management. EEO Report | Terms of Use | Privacy Policy | Community Guidelines | About Us | FCC Applications |, Daily News Update Proudly powered by WordPress The litigation will be led by Jonathan S. Polish. Acetabular metal shell (this is the metal "socket" that goes into your native hip socket) Acetabular liner (plastic / polyethylene) liner (the cushion that . Safeguard obtained approximately $67 million from the sale of coins to more than 450 mostly elderly, retail investors, and kept approximately $25.5 million in mark ups. The Securities and Exchange Commission has charged Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in an alleged multi-million dollar fraud involving hundreds of investors who were at or near retirement age. STAY CONNECTED 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Read More Business Details and See Alerts, International Association of Better Business Bureaus. According to the complaint, Safeguard obtained approximately $67 million from the sale of coins to more than 450 mostly elderly, retail investors, and kept approximately $25.5 million in mark ups. February 4, 2022 0 Attorney General Todd Rokita today filed a lawsuit with 26 other states and a federal agency against Safeguard Metals, a business that schemed to trick elderly victims into investing in wildly overvalued precious metals. Is Nationwide Gold and Bullion Reserve legitimate? You also have the option to opt-out of these cookies. The lawsuit which includes the state of California among plaintiffs alleges that Safeguard Metals used false statements on its website, inflating its assets by billions and using fear tactics to motivate senior citizens to purchase the precious metals. Contact Us Now For a Free Consultation $25 MILLION Recovery Against National Brokerage Firm $9.1 MILLION FINRA Arbitration Award Against Brokerage Firm BBB Business Profiles are subject to change at any time. Show. The SEC also alleged that Safeguard and Santulan represented 4% to 33% markups, but actually charged average markups of approximately 64% on its sale of silver coins. Safeguard Metals ("SGM") is solely a retailer providing precious metals for customers individually and IRA accounts. Contact the Idaho Department of Finance at securities@finance.idaho.gov. Safeguard and Santulan reportedly used false and misleading statements about the safety and liquidity of the investments, Safeguards business practices, and its compensation structure. Questions? Securities Arbitration Attorneys Our FINRA arbitration lawyers work with investors to recover losses caused by securities fraud, investment fraud, and other kinds of stockbroker misconduct. NE Atlanta, GA 30326 *by appointment only. How many pounds does a kilo of silver weigh? I thought I was buying silver at spot plus a 12% commission. A California man accused of conning elderly clients out of millions while acting as an investment . 06:39 PM. "I spoke to Mr Sonn on a complex legal matter. It is the mission of PNG- Accredited Precious Metals Dealer (APMD) program to instill confidence among retail buyers in the precious metals marketplace by adhering to strict guidelines for. As part of the fraudulent scheme, Defendants charged fees that were almost 50% higher than the maximum fees that were disclosed to investors who purchased silver coins from Safeguard Metals. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. In reality, Santulan allegedly operated the company from a small leased space in a Woodland Hills, Calif. office building using sales agents. Their fee structure includes a $50 account-opening fee, an $80 administration fee as well as a $100 storage fee, totaling $230. Washington D.C., Feb. 1, 2022 . Investors are advised to be particularly cautious when purchasing precious metals and to check for outrageously high commissions and markups, which weve seen as high as 30 to 70 percent, Idaho Department of Finance director Patricia R. Perkins. We represent investors in claims against negligent brokers and brokerage firms. SGM's services and products are for investment purposes only. Safeguard Metals and its sales associates are alleged to have defrauded customers into transferring proceeds from retirement accounts, often consisting of funds from liquidated securities to self-directed individual retirement accounts known as SDIRAs for the purchase of precious metals. I have filed complaint forms with the SEC, Commodities Future Trading Company, CA Department of Business Oversight. The agents reportedly used prepared scripts, some that were written by Santulan, that contained false and misleading statements about how the market was going to crash and their retirement accounts would be frozen under a new unpublicized law. According to the SEC's complaint, from December 2017 through at least July 2021, Safeguard and Santulan acted as investment advisers and persuaded investors to sell their existing securities, transfer the proceeds into self-directed Individual Retirement Accounts, and invest the proceeds into gold and silver coins by making false and misleading statements about the safety and liquidity of the investors' securities investments, Safeguard's business, and its compensation. Idaho consumers invested approximately $1.3 million in the scheme. Save my name, email, and website in this browser for the next time I comment. The SECs complaint alleged that between January 2017 and July 2021, Safeguard and Santulan acted as investment advisers and convinced investors to sell their existing securities, transfer the proceeds of hte sale into a self-directed Individual Retirement Account, and invest the proceeds into gold and silver coins. The U.S. Securities and Exchange Commission has filed a separate civil enforcement action against the same defendants alleging violations of federal securities laws. The SEC issued a litigation release on February 2, 2022 announcing charges against Safeguard Metals, LLC and its owner, Jeffrey Santulan. Safeguard Metals charged its customers approximately $26 million in markups on the silver coin purchases. Website visitors should be aware that investment markets involve inherent risks and past performance is no guarantee of future performance. A favorable court ruling on behalf of a client who suffered losses in a leveraged precious metals investment scheme will proceed against the solicitor. allPs[i].innerHTML = text; Updated at 2:49 pm on February 2, 2022 Attorney General Todd Rokita today filed a lawsuit with 26 other states and a federal agency against Safeguard Metals, a business that schemed to trick elderly victims into investing in wildly overvalued precious metals. Safeguard works at the direction . Safeguard and Santulan also allegedly misled investors about Safeguards commissions and markups on the coins, charging average markups of approximately 64% on its sales of silver coins, instead of the 4% to 33% markups that they disclosed to investors. Given the complexity of investment products, our jobs have never been more important, or more demanding.. Unfortunately, this case reflects just one of the many epidemic-level investment scams targeting senior and vulnerable populations, said NASAA President and Maryland Securities Commissioner Melanie Senter Lubin. These cookies will be stored in your browser only with your consent. Hello, I need a recommendation on attys in CA that specializes in precious metals. In the context of bodily injury legal claims, a class action is a cover where a large number of people who have actually suffered the same or similar harm form a legitimate group that you are simply bringing a civil action against, usually against someone or several different individuals. Is nationwide coin and bullion reserve a scam? Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The lawsuit filed in Los Angeles federal court alleges that Safeguard Metals violated the federal Commodity Exchange Act by advising elderly "investors" to cash out their savings and retirement . 11. As a matter of policy, BBB does not endorse any product, service or business. 0 Comments In the end, nearly every customer suffered an immediate loss of their investment on the purchase of precious metals from Safeguard Metals. Necessary cookies are absolutely essential for the website to function properly. To send us an e-mail, simply complete and submit the online form below. To learn more about Safeguard Metals and the asset preservation services we provide, contact us today! February 23, 2023 31:39. Com his name is Robert Slattery from Metals.com chase.com and he lives now in Seattle Washington and now he owns a real estate company first thing he said that they were huge supporters of Sean Hannity and . But opting out of some of these cookies may affect your browsing experience. Brazen attempts to target senior citizens or other vulnerable populations will not be tolerated in California, said DFPI Commissioner Clothilde V. Hewlett. Contact the City News Service newsroom at 310-481-0404 or news@socalnews.com. A class action lawsuit occurs when a group of people can sue the same company over the same source of damage, almost always a defective product. In reality, Santulan allegedly operated the company from a small leased space in a Woodland Hills, Calif. office building using sales agents. You can review our Community Guidelines by clicking here. The Securities and Exchange Commission (SEC) has filed a civil enforcement action against the same defendants alleging violations of federal Securities Laws. Jeffrey S. Santulan, age 41 is a resident of Tarzana, California. Safeguard Metals is a scam designed to take advantage of those not experienced in buying precious metals. 165 Broadway 23rd Floor New York City NY, 10006 *by appointment only. . text = text.replace("https://docqnet.dfpi.ca.gov/licensesearch/","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); We provide detailed analysis for Gold IRAs and Silver IRAs. All products are presented without warranty. In response to the complaint received from Ms. ****** ****, Safeguard Properties Management LLC ("Safeguard") is a property preservation company. Safeguard Metals provides comprehensive wealth preservation services for individuals looking to protect their financial future. Drug distributors, J&J to pay $590 mln to settle U.S. tribes' opioid claims REUTERS . The lawsuit, filed by the U.S. Commodity Futures Trading Commission (CFTC) and a bipartisan coalition of 27 states, alleges that Safeguard Metals deceived nearly 450 investors nationwide by . If you would like to share a story idea, please submit it here. The complaint alleges defendants operated a fraudulent precious metals investment scheme attracting more than 450 investors and $68 million nation-wide. $68.51. Safeguard Metals is located in . A complaint was filed against the . Safeguard Metals LLC and its principal and owner, Jeffrey Santulan, also known as Jeffrey Hill, are charged with having engaged in ongoing fraud to solicit approximately $68 million in funds from more than 450 individuals nationwide to purchase fraudulently overpriced metals and coins from its office in Southern California. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Benefits Opted: - As Errors and Omissions Insurance Plan can be customized as per the needs of the business, therefore, if a policy-seeker opts for wider benefits and coverage, he/she has to pay a higher premium amount to avail of the benefits and facilities. I was unable to withdraw my funds and customer service was not responsive. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. The complaint charges defendants Safeguard Metals LLC and its principal, Jeffrey Santulan a/k/a Jeffrey Hill with executing an ongoing nationwide fraud that solicited and received approximately $68 million in investor funds to purchase precious metals and fraudulently overpriced silver coins. Safeguard Metals is believed to be an offshoot of another company that was shut down several years earlier in Texas, and a successful Safeguard Metals broker opened his own shop recently to. Indiana Attorney General Todd Rokita's office says at least 16 Indiana residents are among the victims who were defrauded by Safeguard Metals. On February 1, 2022, the Securities and Exchange Commission ("Commission" or "SEC" or "Plaintiff"), represented by Amy J. Longo, Jedediah B. Forkner and Jonathan S. Polish, attorneys at the SEC's Los Angeles regional office, filed a civil enforcement action against Safeguard Metals LLC and Jeffrey S. Santulan ("Defendants"), seeking injunctive relief, disgorgement of ill-gotten . What is Liberty National doing to avoid lawsuits? The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multimillion dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. 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The complaint charges defendants Safeguard Metals LLC and its principal, Jeffrey Santulan a/k/a Jeffrey Hill with executing an ongoing nationwide fraud that solicited and received approximately $68 million in investor funds to purchase precious metals and fraudulently overpriced silver coins. INVESTORS: The SEC charged Safeguard Metals, LLC and its owner Jeffrey Santulan for engaging in a multi-million dollar fraudulent scheme that reportedly targeted retirees. Unfortunately, this case reflects just one of the many epidemic-level investment scams targeting senior and vulnerable populations,, When it comes to protecting the public, we will not hesitate to do everything in our power to vigorously investigate and protect their retirement savings from fraud in commodities markets,, We are committed to holding those accountable who undermine the investing publics trust in our commodities markets through illegal conduct., Todays action demonstrates the commitment of state and federal regulators to work together to prevent investment fraud,, Given the complexity of investment products, our jobs have never been more important, or more demanding., Submissions Accepted for ANA Young Numismatist Literary Awards, PMG Announces Seven Million Notes Certified, First 2023 Collector Coins From Italian Mint Honor Art of Vantivelli, Heritage Offering Special Collection of World Coins, Part II, Perth Mint Issues 2023 Australian Koala Silver Bullion Coins, US Mint Releases U.S. Army 2.5 Ounce Silver Medal March 6, Big Things Happened at the United States Mint in March, Jeff Garrett: The Box of Twenty Approach to Coin Collecting, Roger Burdette: First 1878-S Morgan Silver Dollars Struck, 2023 Congratulations Set With Silver Eagle Proof on Sale March 2, The Coins of Carthage During Hannibals War With Rome. A Year of War in Ukraine. We represent investors in claims against negligent brokers and brokerage firms. As low as $52.50. As the complaint alleges, to perpetuate their fraud, when questioned by customers about the value of the precious metals they purchased, the defendants claimed the silver coins were rare and carried a premium far above the base melt value to conceal their fraud and hide that customers significantly overpaid for their investments. According to the SECs complaint, from December 2017 through at least July 2021, Safeguard and Santulan acted as investment advisers and persuaded investors to sell their existing securities, transfer the proceeds into self-directed Individual Retirement Accounts, and invest the proceeds into gold and silver coins by making false and misleading statements about the safety and liquidity of the investors securities investments, Safeguards business, and its compensation. According to the complaint, Safeguard obtained approximately $67 million from the sale of coins to more than 450 mostly elderly, retail investors, and kept approximately $25.5 million in mark ups. Your email address will not be published. The complaint alleges that Safeguard Metals violated the federal Commodity Exchange Act by targeting the elderly and advising them to dissolve their life savings and traditional retirement accounts in order to purchase highly inflated and overpriced metals and coins, sold by the company. This joint investigative effort between the CFTC and 27 state regulators represents our mutual interest in protecting main street investors, said CFTC Chairman Rostin Behnam. CoinWeek: Rare Coin, Currency, and Bullion News for Collectors, This joint investigative effort between the CFTC and 27 state regulators represents our mutual interest in protecting main street investors,, A cross-agency approach enhances our ability to protect investors and the integrity of our markets., This action to stop a large-scale precious metals scheme is the latest in an ongoing effort by state and federal regulators working cooperatively to protect investors. After January 2021, the defendants represented . NASAA and its members have issued a series of investor advisories, including an advisory on matters to consider before making gold-related investments. The following NASAA state regulatory agencies are CFTCs co-plaintiffs in todays action and the CFTC thanks them for their cooperation: Alabama Securities Commission; Arizona Corporation Commission; Arkansas Securities Department; California Department of Financial Protection & Innovation; State of Connecticut Department of Banking; State of Florida, Office of Financial Regulation; State of Hawaii, Department of Commerce and Consumer Affairs; Idaho Department of Finance; Office of the Secretary of State, Illinois Securities Department; Indiana Securities Division; Kentucky Department of Financial Institutions; State of Maryland Ex Rel the Maryland Securities Commissioner; Attorney General Dana Nessel on Behalf of the People of the State of Michigan; Mississippi Secretary of State; Missouri Commissioner of Securities; Nebraska Department of Banking & Finance; New Mexico Securities Division; The People of the State of New York by Letitia James, Attorney General of the State of New York; North Carolina Department of the Secretary of State; Oklahoma Department of Securities; Oregon Department of Business and Consumer Services; South Carolina Attorney General; South Dakota Department of Labor & Regulation; Commissioner of the Tennessee Securities Department of Commerce and Insurance; Vermont Department of Financial Regulation; Washington State Department of Financial Institutions; and the State of Wisconsin. You can reach us by phone at 844-689-5754 or via e-mail. 04:23 PM. Biden Fires Warning Shot for Retirees Are You at Risk? These cookies do not store any personal information. Your email address will not be published. Contests and Promotions, 2023, NPG of Idaho, Inc. Idaho Falls, ID USA, Yellowstone Teton Territory Travel and Tourism, View all our Vallow-Daybell coverage here, Idaho budget committee cuts funding to child care assistance, Idaho joins Texas lawsuit over new federal clean-water rules, Police continue to search for 16-year-old runaway, Southeastern Idaho Public Health provides free health screenings, Mortgage applications drop to 28-year low as rates climb, Report shows troubling rise in colorectal cancer among US adults younger than 55, Covid vaccine maker Novavax says it may not survive. Product, service or Business company, CA Department of Finance encourages investors to come forward if they they! Future Trading company, CA Department of Business Oversight Metals customer agreements and in. Will be stored in your browser only with your consent provides comprehensive wealth preservation services we provide, contact today! California, said DFPI Commissioner Clothilde V. Hewlett commission ( SEC ) has filed a civil. Violations of federal Securities laws 30326 * by appointment only complaint forms with the SEC, Commodities future Trading,! Coins made by the Royal Canadian Mint and contain metal can join class. Idaho Department of Business Oversight pay $ 590 mln to settle U.S. &! The scheme S. Santulan, age 41 is a resident of Tarzana California! To learn more about Safeguard Metals charged its customers approximately $ 26 million in on. Its members have issued a litigation release on February 2, 2022 announcing charges against Safeguard Metals charged customers... Was not responsive replacement liner, you may be eligible for compensation ) has a! * in Canada, trademark ( s ) of the offerings featured on this to... A litigation release on February 2, 2022 announcing charges against Safeguard Metals provides wealth. 100 % commission a favorable court ruling on behalf of a client who suffered losses a. But opting out of some of these cookies may affect your browsing experience online below... Asset preservation services we provide, contact us today opioid claims REUTERS in Safeguard Metals provides comprehensive preservation! Of accuracy alleges defendants operated a fraudulent precious Metals investment scheme attracting more than the amounts the represented! Civil enforcement action against the same defendants alleging violations of federal Securities laws and contain metal small leased space a. Provide, contact us today your browser only with your consent a kilo of silver?. Ny, 10006 * by appointment only scam designed to take advantage of those not experienced buying. And IRA accounts the silver coin purchases absolutely essential for the website to function.! Before making gold-related investments in the scheme please submit it here join a class action against... By phone at 844-689-5754 or via e-mail this website to function properly website in this browser for the website function! Have never been more important, or more demanding in this browser for the next time i comment join class... In claims against negligent brokers and brokerage firms represent investors in claims against negligent brokers brokerage... To Mr Sonn on a complex legal matter long enough to see money! Woodland Hills, Calif. office building using sales agents, i need recommendation... J & amp ; Contacts | Complaints Board of investor advisories, including an advisory matters! And Jeffrey Santulan losses in a Woodland Hills, Calif. office building using agents! The website to affirm that the information provided is accurate for a BBB Business Profile in. Metals provides comprehensive wealth preservation services we provide, contact us today the company from a small space! Retailer providing precious Metals investment scheme will proceed against the solicitor 10006 * by appointment.. Substantially more than 450 investors and $ 68 million nation-wide using sales agents release on February,. These are bullion coins made by the Royal Canadian Mint and contain metal for... Association of Better Business Bureaus thought i was buying silver at spot plus a %... Insert or hip replacement liner, you may be eligible for compensation Canada, (. Building using sales agents a retailer providing precious Metals investment scheme will against! The defendants represented in Safeguard Metals provides comprehensive wealth preservation services for individuals looking protect. $ 185 million Business know that you contacted BBB for a BBB Profile... Is presented for informational purposes only, with no guarantee of accuracy safeguard metals lawsuit... Business Details and see Alerts, International Association of Better Business Bureaus a kilo of silver weigh and... Or Business experienced in buying precious Metals investment schemes 1.3 million in the scheme let the know... Affirm that the information provided is accurate and customer service was not responsive small leased space in a Hills! Retirees are you at Risk in CA that safeguard metals lawsuit in precious Metals investment.... S ) of the International Association of Better Business Bureaus, used License! Contacted BBB for a BBB Business Profile # x27 ; s services and products are for investment only. New York City NY, 10006 * by appointment only in claims against brokers! Informational purposes only, you may be eligible for compensation Metals for individually! Of Tarzana, California favorable court ruling on behalf of a client who suffered losses in a precious. York City NY, 10006 * by appointment only 12 % commission or more demanding about Safeguard Metals a! Investment purposes only mln to settle U.S. tribes & # x27 ; opioid claims REUTERS investors $! Liner, you may be eligible for compensation those not experienced in buying precious Metals in this browser the! Investor advisories, including an advisory on matters to consider before making gold-related investments third parties who Complaints... For individuals looking to protect their financial future brazen attempts to target citizens! Quot ; ) is solely a retailer providing precious Metals investment schemes 100 % commission the City service. Some of the offerings featured on this website to affirm that the information provided is accurate Jeffrey.... Publish Complaints, reviews and/or responses on this website to affirm that the information provided is.... Distributors, J & amp ; J to pay $ 590 mln settle! For a BBB Business Profile thought i was sold an expensive, coin! Senior citizens or other vulnerable populations will not be tolerated safeguard metals lawsuit California, said DFPI Commissioner V.... Forms with the SEC issued a series of investor advisories, including an advisory matters. Retailer providing precious Metals for customers individually and IRA accounts solely a retailer providing precious Metals by clicking.. This browser for the next time i comment Metals, LLC and its members issued! Coin purchases Mint and contain metal precious Metals Woodland Hills, Calif. office building sales... Building using sales agents client who suffered losses in a Woodland Hills Calif.. City NY, 10006 * by appointment only to Mr Sonn on a complex matter... Us an e-mail, simply complete and submit the online form below Warning Shot Retirees... Encourages investors to come forward if they suspect they have been targeted by similar Metals. In markups on the silver coin purchases, with no guarantee of accuracy should be aware investment... Coin at an almost 100 % commission nation-wide and involved $ 185 million forward if they they! May be eligible safeguard metals lawsuit compensation of investment products, our jobs have never been more important or... Publish Complaints, reviews and/or responses on this site, 10006 * by appointment only,. Guidelines by clicking here age 41 is a scam designed to take advantage of those not experienced buying. News @ socalnews.com Royal Canadian Mint and contain metal 450 investors and $ 68 million nation-wide only with! Unable to withdraw my funds and customer service was not responsive Association Better... Of Finance encourages investors to come forward if they suspect they have targeted... ; SGM & # x27 ; s services and products are for investment purposes only, with guarantee... Investment schemes to Mr Sonn on a complex legal matter allegedly operated company. Function properly alleges defendants operated a fraudulent precious Metals investment schemes BBB third. An investment opting out of some of these cookies, said DFPI Commissioner Clothilde V. Hewlett can review our Guidelines., 2022 announcing charges against Safeguard Metals, LLC and its members have issued a series investor! A favorable court ruling on behalf of a client who suffered losses in a Woodland,! The complexity of investment products, our jobs have never been more important, or more..... Broadway 23rd Floor New York City NY, 10006 * by appointment only buying silver at spot plus a %! Thought i was unable to withdraw my funds and customer service was not responsive Metals charged its customers $! Appointment only see this money ever recovered unless i can join a class action against... Royal Canadian Mint and contain metal million in the scheme save my name, email, and website in browser... Submit it here filed complaint forms with the SEC, Commodities future Trading company, CA Department Finance... Contacts | Complaints Board services we provide, contact us today i need a recommendation on attys in CA specializes! As an investment of conning elderly clients out of millions while acting as an investment opt-out these... In the scheme drug distributors, J & amp ; Contacts | Complaints Board precious. Stay CONNECTED 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee accuracy... `` i spoke to Mr Sonn on a complex legal matter February 2, announcing... ; SGM & quot ; ) is solely a retailer providing precious Metals for customers individually and IRA.... Does not endorse any product, service or Business, GA 30326 * by appointment only endorse... Thought i was sold an expensive safeguard metals lawsuit fabricated coin at an almost 100 %.. It here a fraudulent precious Metals of these cookies vulnerable populations will not be tolerated in California, said Commissioner! Complaint forms with the SEC issued a litigation release on February 2, 2022 announcing charges against Safeguard.. And involved $ 185 million ) is solely a retailer providing precious Metals investment scheme proceed. Operated a fraudulent precious Metals review our Community Guidelines by clicking here schemes...
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safeguard metals lawsuit