According to federal regulators, Red Rock Secured quote, used scare tactics to convince prospective customers to transfer funds, including funds from liquidating securities in their tax deferred retirement accounts in order to purchase precious metals. In 2023, the securities and Exchange Commission charged Red Rock Secured and executives with fraud. The government alleged that the company was charging, quote, as much as 130% in markups on the precious metal coins they sold to investors. (05:54–06:01)
CLAIM
Asserts that the SEC charged Red Rock Secured and its executives with fraud in 2023.
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