Settlement: Oregon financial regulators crack down on precious metals fraud | News


Oregon financial regulators have reached a settlement with a precious metals dealer that allegedly targeted hundreds of elderly people in 30 states who sunk millions of dollars into overpriced silver and gold coins.

Lawsuit Settled

The Oregon Division of Financial Regulation has settled a lawsuit with a company that sold overpriced precious metals to Oregonians.

The Oregon Division of Financial Regulation announced the settlement, which stems from a federal lawsuit Oregon and 29 other states filed against Safeguard Metals in the U.S. District Court’s District of Central California, the state where the company is based.


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