This field is for validation purposes and should be left unchanged. 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 SEC is seeking permanent injunctions, disgorgement of allegedly ill-gotten gains, plus prejudgment interest, and civil penalties. In response to the complaint received from Ms. ****** ****, Safeguard Properties Management LLC ("Safeguard") is a property preservation company. All products are presented without warranty. I have filed complaint forms with the SEC, Commodities Future Trading Company, CA Department of Business Oversight. 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. Customer Reviews are not used in the calculation of BBB Rating, Need to file a complaint? 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, . Severe Weather Alert 01/23/2023. That was substantially more than the amounts the defendants represented in Safeguard Metals customer agreements. February 24, 2023 36:53. February 23, 2023 31:39. Safeguard Metals is a scam designed to take advantage of those not experienced in buying precious metals. In addition to regulating commodities, the DFPI licenses and regulates state-chartered banks and credit unions, money transmitters, the offer and sale of securities and franchises, broker-dealers and investment advisers, nonbank installment lenders, payday lenders, mortgage lenders and servicers, escrow companies, Property Assessed Clean Energy (PACE) program administrators, debt collectors, credit repair and consumer credit reporting companies, debt-relief companies, and more. It is important to speak with a lawyer about your case. . ON SALE. Securities litigation attorney Scott Silver, who is representing several of Safeguard Metals' alleged victims in arbitration proceedings, is calling for regulatory reform. . text = text.replace("https://docqnet.dfpi.ca.gov/LicenseSearch","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); NASAA and its members have issued a series of investor advisories, including an advisory on matters to consider before making gold-related investments. 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. Drug distributors, J&J to pay $590 mln to settle U.S. tribes' opioid claims REUTERS for(i=0;i Kaufman County, Texas Mugshots,
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