Monex Deposit Company, Monex Credit Company, and Newport Service Corporation (collectively referred to as “Monex”), allegedly has defrauded thousands of retail customers throughout the US out of hundreds of millions of dollars while executing tens of thousands of illegal, off – exchange retail commodity transactions. The company offers off – exchange, leveraged precious metals trading to retail investors through its “Atlas” program. Monex pitches Atlas as a safe, secure, and profitable way for retail customers to invest into precious metal; this may not be the case. Approximately, 12,000 leveraged Atlas accounts collectively realized more than $290 million in losses between July 16, 2011 and March 3, 2017. Approximately 90% of Atlas accounts lost money during this time period.
If you or anyone you know has purchased an Atlas program from Monex, you may have a claim, please contact Finkelstein Thompson LLP. You can reach us at firstname.lastname@example.org or call us toll-free at 1-844-280-5009.