Aaron M. Cohn, partner with Weinberg Wheeler Hudgins Gunn & Dial. Courtesy Photo Overwhelmed CFTC Can Only Warn Seniors About Retirement Scams
As one fraudulent dealer is shut down, more "moles" appear in its wake. Understaffed and underfunded, the agency simply does not have enough mallets to stop the spread of precious metals fraud.
July 19, 2024 at 10:09 AM
5 minute read
Despite its best efforts, the Commodity Futures Trading Commission (CFTC) is losing its game of Whack-A-Mole against precious metals fraudsters targeting seniors. As one fraudulent dealer is shut down, more "moles" appear in its wake. Understaffed and underfunded, the agency simply does not have enough mallets to stop the spread of precious metals fraud.
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