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Brokerage firm lured politically right-leaning seniors into gold-coin scam, says U.S. regulator

Por: MarketWatch Politics May 18, 2023

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The markup on the coins “was almost always above 100 percent, and typically 120 percent or more,” the SEC said in its complaint. Between 2017 and last year, Red Rock pocketed more than $30 million of the $50 million investors paid for the coins, said the SEC, which also sued two former Red Rock executives.  Attorney Michael Schafler of the Los Angeles law firm Cohen Williams, representing both Red Rock and its CEO, said the company had... + full article



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