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Secretary Watson, AG Fitch partner with CFTC and 26 states to stop precious metals scheme

The scheme resulted in solicitations exceeding $68 million from at least 450 investors nationwide. Today, Secretary Michael Watson and Attorney General Lynn Fitch announced that Mississippi is participating in a consolidated enforcement action with the United States Commodity Futures Trading Commis

The CFTC And 27 State Securities Regulatory Agencies Charge Los Angeles Area Precious Metals Dealer In Ongoing $68 Million Fraud Targeting The Elderly CFTC And State Securities Regulatory Agencies Again Join Forces To Combat Investment Fraud

<p><span>The Commodity Futures Trading Commission and 27 state securities regulatory agencies that are members of the North American Securities Administrators Association (</span><a href="https://www.nasaa.org/">NASAA</a><span>) announced the filing of a joint civil enforcement action in the U.S. District Court for the Central District of California against a precious metals dealer and its owner for orchestrating a $68 million fraudulent scheme targeting elderly persons nationwide.</span></p>

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