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Company: Lear Capital, Inc.
Penalty: $2,750,000
Year: 2022
Date: January 10, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: consumer protection violation
Violation Description: Lear Capital agreed to pay $2.75 million in settlement of allegations the company engaged in unfair and deceptive business practices by charging exorbitant fees for gold and silver coin investments and endeavoring to hide misleading representations made to customers.
Level of Government: local
Action Type: agency action
Agency: Los Angeles (CA) City Attorney
Civil or Criminal Case: civil
Facility State: California
Facility City: Los Angeles
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