The complaint alleges Safeguard Metals, LLC promoted precious metals at grossly inflated prices. 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. Customers and other individuals can report suspicious activities or information, such as possible violations of commodity trading laws, to the Division of Enforcement via a toll-free hotline 866-FON-CFTC (866-366-2382), file a tip or complaint online, or contact the Whistleblower Office. 12. 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 recently got scammed by SafeguardMetals, a service that promised to provide precious metals investment opportunities. Help us improve the DFPI website! Investors are advised to check the registration of all investment products and professionals, and ask tough questions about fees, markups, risks, and potential returns. ON SALE. Shop Now. For a free consultation, please call us now at 866-827-3202 or complete our contact form. BBB Business Profiles are subject to change at any time. 5, Report #1509255. "The federal securities laws prohibit deceptive conduct and material misrepresentations in the purchase or sale of securities," said Kathryn A. Pyszka, an Associate Director in the SECs Chicago Regional Office. Daily Weather Forecast February 24, 2023 36:53. Acetabular metal shell (this is the metal "socket" that goes into your native hip socket) Acetabular liner (plastic / polyethylene) liner (the cushion that . 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. BBB Business Profiles may not be reproduced for sales or promotional purposes. BBB is here to help. . Your email address will not be published. Is this your business? Author: ED Magedson - Founder, Ripoff Report. 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. My broker is in Woodland Hills, CA 91367. The complaint alleges defendants operated a fraudulent precious metals investment scheme attracting more than 450 investors and $68 million nation-wide. The litigation will be led by Jonathan S. Polish. Exactech Recall Lawsuit in Lisbon, IL. These cookies will be stored in your browser only with your consent. By clicking Accept, you consent to the use of ALL the cookies. 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. Address: 21550 Oxnard St FL 3 Woodland Hills, CA, 91367-7105 United States Phone: Website: www.safeguardmetals.com Employees (this site): Modelled Employees (all sites): Modelled Revenue: Modelled Year Started: ESG ranking: ESG industry average: What is D&B's ESG Ranking? CRD & IARD Resources. If unregistered, a customer should be wary of providing funds to that entity. 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. Given the complexity of investment products, our jobs have never been more important, or more demanding.. Safeguard Properties Safeguard Equities, Inc BRE#02112381 Real Estate Agents Safeguard Properties aka Safeguard Equities to be avoided at all costs. 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 . Safeguard Metals ("SGM") is solely a retailer providing precious metals for customers individually and IRA accounts. Breaking News Alert I will likely not live long enough to see this money ever recovered unless I can join a class action suit against Safeguard Metals. 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. His demeanor was professional and pleasant and I would not hesitate to use him in future matters. New York, New York Attorney General Letitia James TODAY filed suit against a precious metals company Safeguard Metals LLC and its owner and manager, Jeffrey Santulan, also known as Jeffrey Hill, for defrauding investors including several seniors in New York and across the country., The lawsuit, filed by the US . The defendants also deceived customers into purchasing silver coins at grossly inflated prices that bore no relationship to the ranges represented to customers. If you or your loved one experienced investment losses, we are here to help. for(i=0;i Crash On Mersea Strood,
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