A-Mark Precious Metals, Inc.
AMRK
Financials
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exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
In September 2022, the CFTC ordered A-Mark Precious Metals and its affiliate Goldline to pay over $1.1 million ($627,802 in disgorgement plus a $450,000 civil monetary penalty) for fraud in connection with off-exchange retail commodity transactions, failure to register as a Futures Commission Merchant, and engaging in illegal off-exchange retail commodity transactions (CFTC Press Release 8588-22). From April 2018 to June 2021, Goldline solicited customers for leveraged, margined, or financed precious metals transactions outside designated contract markets, and misrepresented that it — rather than a third-party dealer — would offer to buy back metals customers had previously purchased. A-Mark was jointly and severally liable for the disgorgement and penalty. While the dollar amount is modest, the CFTC explicitly charged fraud, and the conduct spanned three years of systematic misrepresentation to retail customers.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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