Augusta Precious Metals is widely known for offering gold and silver IRAs to investors looking to diversify their retirement portfolios. As a high-profile name in the precious metals industry, the company has also come under legal scrutiny over the years. In this article, we’ll look into the Augusta Precious Metals lawsuit history, explore allegations made against the company, and examine its current reputation in the market.
About Augusta Precious Metals
Founded with the aim to help Americans protect their savings through alternative investments, Augusta Precious Metals specializes in self-directed gold and silver IRAs. The company is known for its educational approach, helping clients understand the pros and cons of investing in physical precious metals. With a customer-first strategy, Augusta has consistently earned high ratings from consumer watchdog organizations.
Augusta Precious Metals Lawsuit History
Despite its strong public image, Augusta Precious Metals has been involved in a few legal matters that raised concerns in the industry.
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2017: Lawsuit Against Red Rock Secured LLC
In 2017, Augusta Precious Metals filed a lawsuit against Red Rock Secured LLC. The case alleged that Red Rock used deceptive marketing practices to lure customers into buying precious metals under false pretenses. Augusta claimed that Red Rock misrepresented information to clients, pushing them to liquidate their retirement accounts based on misleading claims.
The lawsuit was eventually dismissed. Although the reasons behind the dismissal remain undisclosed, the incident highlighted the competitive and occasionally aggressive marketing tactics in the gold IRA space.
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2019: Whistleblower Complaint
A whistleblower complaint was filed in 2019, accusing Augusta Precious Metals of failing to disclose certain fees tied to gold and silver IRA setups. The complaint also raised concerns about potentially misleading promotional tactics. While this caught the attention of the Commodity Futures Trading Commission (CFTC), no formal legal action was taken after a review.
This complaint, although not escalated to court proceedings, prompted a closer look into transparency within the industry and encouraged firms to be more upfront about their fee structures.
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Trademark Dispute
Another legal challenge reportedly involved a trademark infringement claim filed by Orion Precious Metals against Augusta Precious Metals. While information about this case is limited, such disputes are not uncommon when companies have overlapping branding or domain conflicts. The status of this lawsuit remains unclear, but it does not appear to have had a lasting impact on Augusta’s operations.
Current Standing & Reputation
Despite past legal hurdles, Augusta Precious Metals has continued to thrive in the market. The company boasts an A+ rating from the Better Business Bureau (BBB) and numerous five-star reviews from satisfied customers.
Clients praise Augusta for its:
- Transparent pricing
- Educational support
- No-pressure sales approach
- Strong customer service
These factors have helped the company maintain trust and credibility among investors, even when faced with legal scrutiny.
Summary
While Augusta Precious Metals has faced some legal disputes and complaints over the years, there have been no major lawsuits resulting in penalties or sanctions against the company. Most issues have either been dismissed or reviewed without further action. Today, Augusta remains a respected player in the gold and silver IRA industry, known for its transparency and customer service.
FAQs
Is Augusta Precious Metals currently facing any lawsuits?
As of 2025, there are no active lawsuits against Augusta Precious Metals.
Has Augusta Precious Metals ever been fined or penalized?
No, there is no public record of fines or regulatory penalties imposed on the company.
What is Augusta’s BBB rating?
Augusta Precious Metals holds an A+ rating with the Better Business Bureau.
Should I be concerned about investing with Augusta due to these legal issues?
While it’s essential to be aware of any company’s legal history, Augusta’s cases have not resulted in any regulatory action. Always do your own due diligence and consult a financial advisor.
What makes Augusta stand out from competitors?
Its commitment to customer education, transparent pricing, and consistent service quality.