CFTC Announces Fraud Charges Against California Precious Metals Dealer
The following is a Press Release Commodity Futures Trading Commission (CFTC) announcing it, along with 27 stat securities regulatory agencies, have announced a civil enforcement action against Safeguard Metals LLC. The complaint contends the company perpetrated a fraud that solicited and received approximately $68 million in funds to purchase precious metals and overpriced silver coins. The Commodity Futures Trading Commission and 27 state securities regulatory agencies that are members of the North American Securities Administrators …