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Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
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KY DFI takes legal action against investment fraud scheme By Laura Clewett Frankfort, KY - The Kentucky Department of Financial Institutions (DFI) is taking legal action against a precious metals investment company accused of defrauding senior Kentuckians out of their retirement. Investors were tricked into cashing out their financial assets to invest in precious metals. "Metals.com, an unregistered investment firm, allegedly solicited more than $185 million from seniors and other vulnerable investors nationwide, including more than $2.4 million in Kentucky, by promoting investment in precious metals at grossly inflated prices," said Marni Rock Gibson, Director of DFI's Securities Division. The DFI legal action is a petition in partnership with the U.S. Commodity Futures Trading Commission (CFTC) and 29 other states. The petition requests the Court order the defendants to cease sales activity, return money to investors, and stop defrauding investors and violating federal and state laws going forward. Metals.com is also know by the names TMTE Inc., Chase Metals Inc., Chase Metals LLC, Barrick Capital Inc., Simon Batashvili, Lucas Asher, and Tower Equity LLC. "This historic joint effort between the CFTC and 30 state regulators is an important step toward rooting out fraud across the country," said CFTC Chairman Heath P. Tarbert. "This case highlights just how geographically broad commodities fraud can be in our rapidly-evolving financial markets and how important it is for regulators at all levels of government to work together to pursue bad actors and protect market participants." Kentucky was one of the first states to act against Metals.com when DFI issued an Emergency Cease and Desist Order in September 2019 for violating state securities laws. If you think you have been the victim of a financial fraud contact the Department of Financial Institutions at 502-573-3390, the Kentucky Attorney General's Consumer Protection Hotline at 888-432-9257, and/or your local law enforcement. This story was posted on 2020-09-28 11:46:48
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Wildfire Hazard Season begins October 1 Quarles urges farmers to apply for coronavirus relief funds Adair Co. Property Taxes bills to mail out Sept 30, 2020 Kentucky Color: Dogwood Drupes Hanging Red Showers likely today, storms possible, high 73F Governor's Sunday update: 456 new cases 7-County Area Courts for Mon 28 Sep 2020 Phillip Coffey - Much is Beautiful Governor's Saturday update: 973 new cases Columbia Church of God Rummage Sale View even more articles in topic News |
 
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