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Securities and Exchange Commission v. Red Rock Secured, LLC et al
Case Number:
2:23-cv-03682
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April 24, 2025
Rising Gold Prices Should Nix $3M SEC Deal, Ex-Exec Says
A former executive of a company that solicited investments in gold and silver coins has pushed back on the U.S. Securities and Exchange Commission's efforts to collect on a $3 million settlement he struck with the agency, telling a federal judge the deal should be vacated because prices for precious metals have recently "skyrocketed."
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April 24, 2024
Metals Firm To Pay $66M Over Retirement Coin Scam
A California federal judge has ordered a metals trading firm to pay $66 million and each of its owners to pay between $1 million and $3 million to settle claims that they defrauded hundreds of investors by convincing them to sell their retirement securities to buy gold and silver coins at inflated prices.
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May 15, 2023
Firm Duped Retirement Savers With Coin Scam, Gov't Says
Federal regulatory agencies said Monday that a California metals trading firm and some of its current and former executives defrauded hundreds of investors by convincing them to sell their retirement securities to buy gold and silver coins at inflated prices.