Silver Law Group and Weinberg, Wheeler, Hudgins, Gunn & Dial have filed several arbitrations on behalf of investors who suffered losses investing in precious metals and coins purchased through Safeguard Metals. Silver Law Group and Weinberg, Wheeler, Hudgins, Gunn & Dial are continuing to investigate potential claims on behalf of more than a dozen other investors.
Safeguard Metals is a California-based company that sells investors precious metals, often in the form of “rare” or numismatic coins, as purported retirement investments. Safeguard’s website pitches the investments as a way to “hedge against uncontrolled government spending and dizzying money printing by the Federal Reserve.”
Silver Law Group and Weinberg, Wheeler, Hudgins, Gunn & Dial’s clients hoped to earn a return on their investment, or at least for the metals to maintain their value, but instead suffered substantial losses primarily due to complex and hidden fees, commissions, and/or undisclosed markups. Investors lost substantial amounts of their principal through their Safeguard purchases.
Our attorneys represent investors who allege that Safeguard Metals sales agents assured them these investments were safe and would be profitable. We are now pursuing claims against Safeguard Metals for substantial losses our clients suffered. The plaintiffs’ allegations include claims for violations of the Commodity Exchange Act, fraud, and negligent misrepresentation. Amongst other…
