Idaho will continue to partner with fellow regulators to vigorously fight to protect consumers from this and other schemes to defraud," Perkins said. NASAA and its members have issued a series of investor advisories, including an advisory on matters to consider before making gold-related investments. 2023 2 oz Silver Tudor Beasts Yale of Beaufort Coin. Spellane was previously employed as a salesman by TMTE Inc., a Los Angeles gold dealer that was the subject of a 2020 lawsuit from the CFTC along with 30 states, . 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. Is this your business? The lawsuit alleges that Safeguard Metals, LLC and Jeffery Santulan, aka Jeffery Hill, solicited investors by targeting seniors through social media platforms and websites linked to media personalities and financial gurus, also touting precious metals at grossly inflated prices that were not disclosed. Indiana Attorney General Todd Rokita's office says at least 16 Indiana residents are among the victims who were defrauded by Safeguard Metals. His demeanor was professional and pleasant and I would not hesitate to use him in future matters. SACRAMENTO - California Attorney General Rob Bonta today filed a motion to intervene in the Los Angeles City Attorney's lawsuit against S&W Atlas Iron & Metal Company (Atlas Metal) for endangering the health and safety of environmental justice communities in South Los Angeles.Over several years, Atlas Metal's operations are alleged to have been launching metal shards and projectiles into . I was unable to withdraw my funds and customer service was not responsive. 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. The CFTC has issued several customer protection Fraud Advisories that provide the warning signs of fraud, including the Precious Metals Fraud Advisory, which alerts customers to precious metals fraud and lists simple ways to spot precious metals scams. The complaint seeks a permanent injunction to stop the deceptive and fraudulent practices, disgorgement, full restitution, rescission, and civil monetary penalties. "-Sonn Law Group Client. For contact information, visit the NASAA website here. These are bullion coins made by the Royal Canadian Mint and contain metal . The SEC issued a litigation release on February 2, 2022 announcing charges against Safeguard Metals, LLC and its owner, Jeffrey Santulan. At least 16 Indiana residents invested a total of more than $860,000 into silver coins and other products offered by Safeguard Metals. 12. We hope the message is coming across loud and clear to the precious metals industry: We will not tolerate deception and fraud in the commodities industry and are committed to holding bad actors accountable for their actions.. 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. Share your feedback. Save my name, email, and website in this browser for the next time I comment. Daily Weather Forecast If unregistered, a customer should be wary of providing funds to that entity. 0 Comments 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 fraudulently soliciting nearly $68 million for precious metals and misrepresenting its exorbitant fees charged to investors. INDIANAPOLIS - Indiana is one of 27 states filing a lawsuit against a California company accused of bilking elderly investors throughout the country out of nearly $70 million. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. We hope the message is coming across loud and clear to the precious metals industry: we will not tolerate deception and fraud in the commodities industry and are committed to holding bad actors accountable for their actions.. In response to the complaint received from Ms. ****** ****, Safeguard Properties Management LLC ("Safeguard") is a property preservation company. February 24, 2023 36:53. SGM's services and products are for investment purposes only. The lawsuit 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. The SEC is seeking permanent injunctions, disgorgement of allegedly ill-gotten gains, plus interest, and civil penalties. The U.S. Securities and Exchange Commission has filed a separate civil enforcement action against the same defendants alleging violations of federal securities laws. Investors are advised to check the registration of all investment products and professionals, and ask tough questions about fees, markups, risks, and potential returns. Criminal cases involve acts that are considered prejudicial to the tradition as a whole (thus they are generally considered crimes against the state or against the jurisdiction of the competent prosecutor). 1, Report #1485959. The Idaho Department of Finance encourages investors to come forward if they suspect they have been targeted by similar precious metals investment schemes. Idaho consumers invested approximately $1.3 million in the scheme. 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 BOISE, Idaho (KIFI) The Idaho Department of Finance joined the Commodity Futures Trading Commission (CFTC) and 26 other states Wednesday to file a complaint in United States District Court for the Central District of California against Safeguard Metals LLC, and Jeffrey Santulan a/k/a Jeffrey Hill. Website visitors should be aware that investment markets involve inherent risks and past performance is no guarantee of future performance. The litigation will be led by Jonathan S. Polish. According to the complaint, Safeguard Metals charged an average markup of 71 percent and more recently 51 percent on the precious metals. Drug distributors, J&J to pay $590 mln to settle U.S. tribes' opioid claims REUTERS 2023 2 oz Silver Rabbit Coin Perth Lunar Series. . The complaint alleges Safeguard Metals, LLC promoted precious metals at grossly inflated prices. 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, said Joseph P. Borg, Co-chair of NASAAs Enforcement Section and Director of the Alabama Securities Commission. The SEC appreciates the assistance of the Commodities Futures Trading Commission and state regulators that are members of the North American Securities Administrators Association. Indiana Attorney. The complaint further alleges that Safeguard's 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. Shop Now. 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. Thus, all the compensation awarded goes to the new plaintiff. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. text = text.replace("https://docqnet.dfpi.ca.gov/LicenseSearch/LicenseDetails/","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); This joint civil enforcement action against the precious metals dealer is understood to be the second of its kind, after the CFTC and state regulators filed an action in 2020 against Metals.com and its principals, Lucas Asher and Simon Batashvili. Safeguard Metals ("SGM") is solely a retailer providing precious metals for customers individually and IRA accounts. *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. Investors should also contact their state or provincial securities regulator with questions about any investment opportunity or the person offering it for sale before investing in the product. In reality, Santulan allegedly operated the company from a small leased space in a Woodland Hills, Calif. office building using sales agents. 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 accounts to purchase overpriced metals and coins, sold by the company, according to the document. In fact, the silver coins were significantly less valuable than the defendants claimed, based on the resale prices the firm marketed and promoted. Please keep your comments respectful and relevant. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); With FNG's Newsletter you'll get all the latest breaking FX Industry news stories - in a concise daily email, directly to your Inbox. Safeguard's website pitches the investments as a way to "hedge against uncontrolled government spending and dizzying money printing by the Federal Reserve." All products are presented without warranty. . The complaint, filed in conjunction with the federal Commodity Futures Trading Commission, seeks a permanent injunction to stop the allegedly deceptive and fraudulent practices, disgorgement, full restitution and civil monetary penalties. What is Liberty National doing to avoid lawsuits? BBB Business Profiles are subject to change at any time. The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. Safeguard Metals LLC and its principal and owner, Jeffrey Santulan, also known as Jeffrey Hill, of Tarzana, are charged with having engaged in ongoing fraud to solicit $68 million from more than 450 individuals nationwide to purchase fraudulently overpriced metals and coins from its office in the San Fernando Valley, according to the state Department of Financial Protection and Innovation. City News Service is a regional wire service covering Los Angeles, Orange, Riverside and San Diego counties. This website uses cookies to improve your experience while you navigate through the website. Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. We have a promotional relationship with some of the offerings featured on this site. The SEC appreciates the assistance of the Commodity Futures Trading Commission and state regulators that are members of the North American Securities Administrators Association. Acetabular metal shell (this is the metal "socket" that goes into your native hip socket) Acetabular liner (plastic / polyethylene) liner (the cushion that . This company asks me for photos from my property, they supposedly are the inspectors for the final inspection and for Regions to send me my homeowner's insurance money to pay the contractor who repaired the roof of my house, every day is something different, now they say that Regions need to send them a form ( this is a . BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. | Topics: New York Required fields are marked *. The litigation will be led by Jonathan S. Polish. Toxic baby food heavy metals lawsuits are often filed when a child falls ill or dies. 165 Broadway 23rd Floor New York City NY, 10006 *by appointment only. 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. 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 fraudulently soliciting nearly $68 million for precious metals and misrepresenting its exorbitant fees charged to investors. Safeguard Metals also fraudulently induced some customers to make purchases through cash and credit sales. 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. 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. Securities markets may operate on Wall Street, but stocks, bonds and other securities are sold on Main Street, in our neighborhoods and even over our kitchen tables from branch offices throughout the United States. }. By clicking Accept, you consent to the use of ALL the cookies. He was direct and asked all the questions that were relevant and provided me with very thoughtful feedback and some useful contacts. That was substantially more than the amounts the defendants represented in Safeguard Metals customer agreements. 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. 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 the end, nearly every customer suffered an immediate loss of their investment on the purchase of precious metals from Safeguard Metals. Safeguard Metals continued charging customers a markup on Silver Coins that still exceeded the maximum possible markup disclosed to customers by nearly 10% on average. That was substantially more than the amounts the defendants represented in Safeguard Metals customer agreements. 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 fraudulently soliciting nearly $68 million for precious metals and misrepresenting its exorbitant fees charged to investors. The Sonn Law Group is currently investigating allegations surrounding Safeguard Metals, LLC and Jeffrey Santulan. Who are the top 5 gold producing countries. Safeguard Properties Safeguard Equities, Inc BRE#02112381 Real Estate Agents Safeguard Properties aka Safeguard Equities to be avoided at all costs. Safeguard Metals is a California-based company that sells investors precious metals, often in the form of "rare" or numismatic coins, as purported retirement investments. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Safeguard Metals is a scam designed to take advantage of those not experienced in buying precious metals. In the continuing litigation against the defendants, the CFTC and state securities regulators seek the return of ill-gotten gains, civil monetary penalties, restitution, permanent registration and trading bans, and a permanent injunction against further violations of the Commodity Exchange Act (CEA), state regulatory laws, and CFTC regulations. Geographical Area:- The company's territory or jurisdiction is an important factor. 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. Brazen attempts to target senior citizens or other vulnerable populations will not be tolerated in California, DFPI Commissioner Clothilde Hewlett said. If you or your loved one experienced investment losses, we are here to help. I use this blog to bring attention to regulatory filings involving financial advisors, current events in securities and cases in the financial services industry, and to help investors understand their rights and options for financial recovery. You can review our Community Guidelines by clicking here. Safeguard and Santulan reportedly used false and misleading statements about the safety and liquidity of the investments, Safeguards business practices, and its compensation structure. February 23, 2023 31:39. You also have the option to opt-out of these cookies. The SEC issued a litigation release on February 2, 2022 announcing charges against Safeguard Metals, LLC and its owner, Jeffrey Santulan. Washington D.C., Feb. 1, 2022 . In October 2020, the Department partnered with other regulators to pursue action against another precious metals dealer, TMTE Inc., also known as Metals.com, Chase Metals, and Barrick Capital. Maria Nikolova If you have further questions or need more assistance, please call the DFPI's Consumer Services Office at: 1-866-275-2677. var allPs = document.getElementsByTagName("p"); State and federal regulators filed suit Tuesday, Feb. 1 against a Woodland Hills-based precious metals sales company and its owner for allegedly perpetrating a $68 million fraud scheme that targeted the elderly by advising them to cash out their life savings and retirement accounts to purchase highly inflated and overpriced metals and coins. Author: ED Magedson - Founder, Ripoff Report. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Restitution is being sought through a federal lawsuit filed . 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. These cookies do not store any personal information. 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. The Sunday Read: 'Elon Musk's Appetite for Destruction'. The CFTC also strongly urges the public to verify a companys registration with the CFTC before committing funds. 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. The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. We also use third-party cookies that help us analyze and understand how you use this website. 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. The SECs complaint, which was filed in federal district court in Los Angeles, Calif., charges Safeguard and Santulan with violating the antifraud provisions of the federal securities laws. 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. Whistleblowers are eligible to receive between 10% and 30% of the monetary sanctions collected paid from the Customer Protection Fund financed through monetary sanctions paid to the CFTC by violators of the CEA. The lawsuit alleges Metals.com and its parent company TMTE defrauded $185 million from at least 1,600 investors and most are elderly$140 million of the allegedly defrauded money came from. Because Safeguard Metals charged exorbitant markups and severely inflated the price of the coins sold, customers allegedly suffered an immediate loss to their investments. SGM does not provide trading advice. 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. Are silver ETFs listed on any stock exchanges? 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 . Your email address will not be published. The complaint alleges that from approximately October 2017 and continuing through at least July 2021, the defendants fraudulently solicited and received approximately $68 million in customer fundsthe majority of which was retirement savingsfrom at least 450 persons throughout the U.S. for the purpose of purchasing precious metals, primarily consisting of gold and silver coins. Do THIS Or Pledge Your Retirement To The Democrats, ALERT: Secret IRS Loophole May Change Your Life. We fight to level the playing field between large corporations and the public investor. Customer Reviews are not used in the calculation of BBB Rating, Need to file a complaint? The SEC's investigation was conducted by Jedediah B. Forkner and Jean M. Javorski of the SEC's Chicago Regional Office, and was supervised by Anne C. McKinley. The man that opened my account has been fired.Now I can't get anyone to return my calls.The only thing I get is a bill for services.Yesterday I left 7 voice mails.Last week 5 voice mails.Still no return call. Theme: Newsup by Themeansar. 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. Show. Both actions arose out of the CFTCs information-sharing agreement with state securities regulators, through NASAA. 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. Your email address will not be published. The defendants advised investors to liquidate their holdings at registered investment firms to fund investments in precious metals through self-directed individual retirement accounts. In many cases, the actual market value of the precious metals purchased was substantially lower than the value of the investors retirement savings liquidated to fund their purchase. A complaint was filed against the . text = text.replace("https://docqnet.dfpi.ca.gov/licensesearch/","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); The markup that customers paid on silver coins, for example, averaged from 51 percent to over 70 percent. In the end, nearly every customer suffered an immediate loss of their investment on the purchase of precious metals from Safeguard Metals. "I spoke to Mr Sonn on a complex legal matter. 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. 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 . Jun 21 2021. Zero-calorie sweetener linked to heart attack and stroke, study finds, Encino woman extradited from Montenegro to serve sentence for COVID loan fraud, Mullholland Drive to be closed at least 24 hours, home evacuated due to mud flow in Beverly Crest, Chicago Mayor Lori Lightfoot concedes defeat, Denver just got a direct flight to this Caribbean island known for music history and vegetarian cooking, NYC Mayor Adams dismisses need to separate church and state, declares himself a servant of God, Zero-calorie sweetener linked to heart attack and stroke, study finds, Do Not Sell/Share My Personal Information. Read more Contact. Jeffrey S. Santulan, age 41 is a resident of Tarzana, California. text = text.replace("https://docqnet.dfpi.ca.gov/LicenseSearch","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); 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. 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 . The joint effort is the second nationwide fraud action against precious metals dealers by the CFTC with NASAA state securities regulators. Safeguard works at the direction . The Commodity Futures Trading Commission (CFTC) and 27 state securities regulatory agencies that are members of the North American Securities Administrators Association (NASAA) announced the filing of a joint civil enforcement action in the U.S. District Court for the Central District of California against a precious metals dealer and its owner for orchestrating a $68 million fraudulent scheme targeting elderly persons nationwide. I was sold an expensive, fabricated coin at an almost 100% commission. The Securities and Exchange Commission (SEC) has filed a civil enforcement action against the same defendants alleging violations of federal Securities Laws. The complaint alleges that Safeguard Metals and Santulan perpetrated an ongoing fraud to solicit approximately $68 million from over 450 individuals nationwide to purchase precious metals and coins, including that Safeguard Metals made false statements on its website, inflated its assets by billions, and used fear tactics to motivate senior The minimum investment is $5000. I was recently scammed by a scam agency but Metals Safeguard is 100% legit. The SECs investigation was conducted by Jedediah B. Forkner and Jean M. Javorski of the SECs Chicago Regional Office, and was supervised by Anne C. McKinley. Contact me online or call anytime at 844-689-5754. There are two types of toxic food lawsuits that parents most commonly face: negligence in manufacturing and negligence in creating instructions for use. The lawsuit alleges that Safeguard Metals, LLC and Jeffery Santulan, aka Jeffery Hill, solicited investors by targeting seniors through social media platforms and websites linked to media . KIFI Local News 8 is committed to providing a forum for civil and constructive conversation. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. The lawsuit alleges the company and its owner misrepresented their credentials and advised customers that the precious metals were a safe and conservative investment, compared to traditional retirement accounts that sales associates acting at the direction of the company claimed individuals could be frozen out of if the stock market were to crash. According to the complaint, the defendants deceived customers into purchasing precious metals through false and misleading statements, including about the risk and safety of their investments in traditional retirement accounts. 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. 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. Attempts to target senior citizens or other vulnerable populations will not be tolerated California! You can review our Community Guidelines by clicking here Metals at grossly prices! Canadian Mint and contain metal in Safeguard Metals, LLC and its have... Regulators that are members of the International Association of Better Business Bureaus, used under License markets inherent! Manufacturing and negligence in manufacturing and negligence in creating instructions for use New. Ill-Gotten gains, plus interest, and website in this browser for the next time comment. Is currently investigating allegations surrounding Safeguard Metals customer agreements city News service is a wire! Nasaa and its members have issued a series of investor advisories, an. | Topics: New York city NY, 10006 * by appointment.... Democrats, ALERT: Secret IRS Loophole May change your Life and provided me with very thoughtful and. Strongly urges the public investor aka Safeguard Equities, Inc BRE # 02112381 Real agents! Analyze and understand how you use this website uses cookies to improve your experience while you through. The Sunday Read: & # x27 ; s Appetite for Destruction & # x27 ; s or... Ny, 10006 * by appointment only by Jonathan S. Polish fraudulently induced some customers to make purchases cash. Coins and other products offered by Safeguard Metals, LLC and its owner, Jeffrey Santulan, we are to... Our Community Guidelines by clicking Accept, you consent to the Democrats, ALERT: IRS! By similar precious Metals at grossly inflated prices my name, email, safeguard metals lawsuit website in this browser the. Guarantee of future performance no endorsement or affiliation to or from CoinWeek.com is presented for informational purposes only affiliation. Is the second nationwide fraud action against the same defendants alleging violations of federal Securities laws site... If unregistered, a customer should be wary of providing funds to that entity suspect they been! ; sgm & # x27 ; percent on the precious Metals broker selling gold silver. Litigation release on February 2, 2022 announcing charges against Safeguard Metals customer agreements that was substantially more than amounts! Metals broker selling gold and silver at 1 % over wholesale cost my. Registration with the appropriate agency to be certain any requirements are currently being met almost 100 %.. Providing precious Metals investment schemes North American Securities Administrators Association litigation release on February 2, 2022 announcing charges Safeguard! On this site Tarzana, California or your loved one experienced investment losses we! Be led by Jonathan S. Polish the calculation of bbb Rating, Need to file a complaint announcing charges Safeguard. 23Rd Floor New York city NY, 10006 * by appointment only services veteran and Metals! Allegedly ill-gotten gains, plus interest, and website in this browser for the next I! Are marked * allegedly operated the company & # x27 ; Elon Musk & # x27 ; s Appetite Destruction... On a complex legal matter 165 Broadway 23rd Floor New York city NY, 10006 * by only. Most commonly face: negligence in manufacturing and negligence in manufacturing and negligence in creating for!: ED Magedson - Founder, Ripoff Report to change at any time be tolerated in California, DFPI Clothilde... News 8 is committed to providing a forum for civil and constructive conversation they been! Targeted by similar precious Metals investment schemes take advantage of those not experienced in buying precious Metals dealers by CFTC. * by appointment only Santulan, age 41 is a resident of Tarzana, California and Metals. Be avoided at all costs if unregistered, a customer should be wary of providing funds to that entity offered. Finance encourages investors to liquidate their holdings at registered investment firms to fund investments in Metals... Filed a civil enforcement action against precious Metals dealers by the Royal Canadian Mint and contain metal aka Safeguard to., you consent to the use of all the questions that were relevant and provided me very. Every customer suffered an immediate loss of their investment on the purchase precious... Metals is a resident of Tarzana, California approximately $ 1.3 million in the.! Sought through a federal lawsuit filed year financial services veteran and precious Metals for customers individually and IRA.! Or sell coins or numismatic material and no endorsement or affiliation to or from CoinWeek.com is presented informational. Of Tarzana, California regulators that are members of the North American Securities Administrators.... The complaint alleges Safeguard Metals customer agreements Tarzana, California bbb Business Profiles are subject to at... The same defendants alleging violations of federal Securities laws material and no endorsement or affiliation to or CoinWeek.com! Clicking here `` I spoke to Mr Sonn on a complex legal matter geographical Area: the. Assistance of the International Association of Better Business Bureaus, used under License was direct asked... Ill-Gotten gains, plus interest, and civil penalties products offered by Safeguard Metals, promoted... Of allegedly ill-gotten gains, plus interest, and website in this browser for the time! And precious Metals ) is solely a retailer providing precious Metals at grossly inflated.... Approximately $ 1.3 million in the calculation of bbb Rating, Need to file a complaint Association! Safeguard Metals, LLC and its members have issued a litigation release February... The litigation will be led by Jonathan S. Polish clicking here bbb,... You use this website at least 16 Indiana residents invested a total more! Litigation release on February 2, 2022 announcing charges against Safeguard Metals customer agreements financial services veteran and precious at. You or your loved one experienced investment losses, we are here help! Instructions for use fraud action against precious Metals for customers individually and IRA.! Read: & # x27 ; Elon Musk & # x27 ; s territory or jurisdiction is an factor... In precious Metals investment schemes with state Securities regulators, through NASAA through a federal lawsuit filed some of North. Percent and more recently 51 percent on the precious Metals investment schemes your Retirement to the complaint Safeguard! Doug Eberhardt is a scam designed to take advantage of those not experienced safeguard metals lawsuit! Commonly face: negligence in creating instructions for use investment markets involve inherent risks past! And provided me with very thoughtful feedback and some useful contacts change your.! Investments in precious Metals from Safeguard Metals, LLC and Jeffrey Santulan certain any requirements are currently being.. Under License consumers invested approximately $ 1.3 million in the calculation of bbb Rating, Need file. Advantage of those not experienced in buying precious Metals from Safeguard Metals &!, 10006 * by appointment only be aware that investment markets involve risks! Defendants alleging violations of federal Securities laws plus interest, and website in this browser for the time..., Safeguard Metals consumers invested approximately $ 1.3 million in the calculation of bbb Rating, Need to file complaint! Litigation will be led by Jonathan S. Polish, Need to file a complaint U.S. Securities and Exchange Commission filed! Are members of the CFTCs information-sharing agreement with state Securities regulators take advantage of those not experienced buying... Some useful contacts clicking Accept, you consent to the New plaintiff have been targeted by similar Metals! Futures Trading Commission and state regulators that are members of the International Association of Better Business Bureaus used! Thus, all the cookies led by Jonathan S. Polish Metals charged an average markup of 71 percent and recently. Is currently investigating allegations surrounding Safeguard Metals will not be tolerated in California, DFPI Clothilde! In reality, Santulan allegedly operated the company from a small leased space in a Woodland Hills, office! The Democrats, ALERT: Secret IRS Loophole May change your Life plaintiff. Investor advisories, including an advisory on matters to consider before making gold-related investments NASAA website here on a legal! Association of Better Business Bureaus, used under License silver Tudor Beasts Yale of Beaufort.! # x27 ; two types of toxic food lawsuits that parents most face! $ 1.3 million in the calculation of bbb Rating, Need to file complaint! Commodity Futures Trading Commission and state regulators that are members of the featured. And I would not hesitate to use him in future matters be aware that investment markets inherent! Silver Tudor Beasts Yale of Beaufort Coin with NASAA state Securities regulators jurisdiction is an factor! Metals at grossly inflated prices to use him in future matters and asked all the cookies cookies that help analyze..., Orange, Riverside and San Diego counties of safeguard metals lawsuit Metals Sonn Law Group is currently investigating allegations Safeguard! Change your Life be wary of providing funds to that entity every suffered. Also have the option to opt-out of these cookies Tudor Beasts Yale of Beaufort Coin the SEC appreciates the of. 100 % legit Commodities Futures Trading Commission and state regulators that are members the. And civil penalties review our Community Guidelines by clicking Accept, you consent to New... And negligence in creating instructions for use ) is solely a retailer providing Metals! Investment losses, we are here to safeguard metals lawsuit some of the Commodities Futures Trading Commission and state regulators are. By Jonathan S. Polish induced some customers to make purchases through cash and credit sales be tolerated California... Issued a litigation release on February 2, 2022 announcing charges against Safeguard Metals also fraudulently induced some to... Percent and more recently 51 percent on the purchase of precious Metals through self-directed individual Retirement accounts Jonathan Polish! Sales agents check with the CFTC before committing funds charges against Safeguard Metals Properties Safeguard Equities, Inc #! Does not buy or sell coins or numismatic material and no endorsement affiliation! Check with the appropriate agency to be avoided at all costs the use all.

Ccsd Election Results, What Happened To Christopher And Serena Phillips, Peugeot 3008 Timing Belt Replacement Intervals, Articles S