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Violation Tracker Individual Record

Company: Lear Capital
Penalty: $5,500,000
Year: 2023
Date: August 4, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: State regulators alleged that Lear Capital, which sells and buys back metals through both direct-to-consumer transactions and self-directed IRA transactions, used deceptive business practices, and violated investor protection laws. These actions were resolved as part of the $5.5 million bankruptcy settlement.
Level of Government: state
Action Type: agency action
Agency: South Carolina Attorney General
Civil or Criminal Case: civil
Facility State: South Carolina
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.