According to sources, Safeguard Metals may begin offering cryptocurrency such as bitcoin and ethereum in 2023. As crypto is currently very low, this appears to be a good move if you consider buying low and selling high. Last year, a run-in with the SEC and CFTC derailed these plans. However, according to sources, a settlement appears to be in the works.
A former Safeguard Metals employee stated that he was surprised to learn that the company was being investigated. He is not surprised, however, that a settlement is in the works. Safeguard Metals was typically open and honest with their customers.
According to sources, some bad actor law firms duped clients into attempting to sue Safeguard Metals, only to lose the cases and charge the customers exorbitant legal fees. According to a Safeguard Metals representative, law firms are becoming increasingly aggressive with new clients, which needs to change.
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