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Business ProfileforMonex Deposit Company
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On July 20 2021, Commodity Futures Trading Commission(CFTC) affirmed a preliminary injunction against Monex Deposit Company and Louis Carabini. The Order settles allegations that the business and Louis Carabini defrauded thousands of retail customers out of hundreds of millions of dollars, while executing thousands of illegal, off-exchange leveraged commodity transactions. Under terms of the Order, the business shall shut down its "Atlas" program, an unregistered trading platform for leveraged retail precious metals transactions.
This action is final.
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On January 25, 2023, the Monex Credit Card Company entered into a Consent Order with The Department of Financial Protection and Innovation. The Consent Order settles allegations that the business did not transition their licensing on time. Under the terms of the Consent Order, the business is ordered to transition their licence and to pay an administrative fine in the amount of $2,500.00.
This action is final
At-a-glance
Related Categories
Overview
Business Details
- Location of This Business
- 4910 Birch St Ste 103, Newport Beach, CA 92660-2188
- Years in Business:
- 50
- Business Started:
- 12/31/1973
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
- Alternate Business Name
- Monex Precious Metals
- Business Management
- Mr. Louis Carabini, Founder
- Mr. Michael A Caribini
- Contact Information
Principal
- Mr. Louis Carabini, Founder
- Additional Contact Information
Phone Numbers
- (800) 949-4653Other Phone
- (800) 949-4653
Customer Complaints
2 Customer Complaints
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File a ComplaintMost Recent Customer Complaint
06/05/2023
- Complaint Type:
- Delivery Issues
- Status:
- Resolved
Customer Reviews
2 Customer Reviews
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Most Recent Customer Review
Nick D.
07/01/2023
Monex Deposit Company Response
07/03/2023
Customer Response
07/03/2023
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