The CFTC and the SEC have really ramped up. And there are also a lot of private lawsuits from customers who realize they've been scammed. In 2020, 12 states in the CFTC cracked down on metals.com after quote defendants allegedly solicited more than $185 million from seniors and other vulnerable investors nationwide by touting precious metals at grossly inflated prices. In 2023, the SEC filed charges against Safeguard Metals for allegedly, quote, obtaining approximately $67 million from the sale of coins to more than 400, 150 mostly elderly retail investors … (06:29–06:47)
CLAIM
Asserts that in 2020, 12 states and the CFTC took action against metals.com for soliciting $185 million from vulnerable investors.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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