Tenn. Commerce & Insurance Dept. Joins NASAA Members and CFTC in Settlement With Safeguard Metals in $68M Fraud Targeting Elderly Adults
October 31, 2023
October 31, 2023
NASHVILLE, Tennessee, Oct. 31 -- The Tennessee Department of Commerce and Insurance issued the following news:
The Tennessee Department of Commerce & Insurance's ("TDCI") Securities Division is among 30 state regulators and the Commodity Futures Trading Commission (CFTC) participating in a settlement with a precious metals dealer and its owner for operating a nationwide $68 million fraudulent scheme targeting elderly and retirement-aged persons.
The settle . . .
The Tennessee Department of Commerce & Insurance's ("TDCI") Securities Division is among 30 state regulators and the Commodity Futures Trading Commission (CFTC) participating in a settlement with a precious metals dealer and its owner for operating a nationwide $68 million fraudulent scheme targeting elderly and retirement-aged persons.
The settle . . .