CLEVELAND, Dec. 7, 2017 /PRNewswire/ -- The Peiffer Rosca Wolf law firm is investigating potential claims on behalf of customers of Monex Deposit Company, Monex Credit Company, and Newport Services Corp ("Monex") who may have suffered losses as a result of allegedly illegal, off-exchange leveraged transactions in precious metals.
Monex offered leveraged trading in gold, silver, platinum and palladium to retail customers through its "Atlas" program, according to the Commodities Futures Trading Commission. Monex deceptively pitched leveraged trading through the Atlas platform as a safe, secure and profitable way to invest in precious metals, when in reality nearly everyone who placed trades in an Atlas account between July 2011 and March 2017 lost money, the CFTC alleged.
Monex was recently sued by the Commodities Futures Trading Commission for allegedly defrauding thousands of retail customers out of hundreds of millions of dollars, in what the CFTC has said was one of the largest precious metal fraud cases in its history.
The Peiffer Rosca Wolf investor right lawyers' investigation is focused on concerns whether Monex made improper investment recommendations to its customers and deceived them through its Atlas leveraged trading program.
What You May Do
The Peiffer Rosca Wolf lawyers are preparing to take action and seek compensation on behalf of some of the investors who lost money invested with Monex in precious metals trading.
If you invested and lost in excess of $100,000 in leveraged trading in gold, silver, platinum, or palladium through Monex, you may have options to recover your losses. If you would like more information about how you might do so, you should contact the Peiffer Rosca Wolf investor lawyers, Alan Rosca or James Booker, at arosca@prwlegal.com or by phone at 888-998-0520.
The Peiffer Rosca Wolf law firm prosecutes securities and commodities fraud, consumer fraud, price-fixing, employment class actions, and shareholder-derivative actions throughout the U.S. For more information and updates about the Monex investigation visit www.monexinvestigation.com.
Attorney advertising. Prior results do not guarantee a similar outcome. Please visit our website, www.securitieslitigators.com, for important disclosures, office locations, and attorney admissions. The SEC's allegations are not proof of liability and anyone should be presumed innocent until and unless otherwise found in a court of law. Peiffer Rosca Wolf Abdullah Carr & Kane, A Professional Law Corporation ("Peiffer Rosca Wolf").
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SOURCE Peiffer Rosca Wolf Abdullah Carr & Kane, A Professional Law Corporation
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