AP-19-19 ) Respondents
STATE OF MISSOURI OFFICE OF SECRETARY OF STATE IN THE MATTER OF: ) ) TMTE, Inc., a/k/a Metals.com, a/k/a Chase Metals, ) LLC, a/k/a Chase Metals, Inc.; and Walter Vera, ) Case No. AP-19-19 ) Respondents. ) ) ) Serve: TMTE, Inc., a/k/a Metals.com, a/k/a ) Chase Metals, LLC, a/k/a Chase Metals, Inc. ) 433 North Camden Drive, Suite 970 ) Beverly Hills, CA 90210 ) ) Walter Vera ) 433 North Camden Drive, Suite 970 ) Beverly Hills, CA 90210 ) ) ORDER TO CEASE AND DESIST AND ORDER TO SHOW CAUSE WHY RESTITUTION, CIVIL PENALTIES, AND COSTS SHOULD NOT BE IMPOSED On October 31, 2019, the Enforcement Section of the Missouri Securities Division of the Office of Secretary of State (“the Enforcement Section”), through Director of Enforcement Steven C. Reed, submitted a Petition for Order to Cease and Desist and Order to Show Cause Why Restitution, Civil Penalties, and Costs Should Not Be Imposed (“the Petition”). After reviewing the Petition, the Missouri Commissioner of Securities (“the Commissioner”) issues the following order: I. ALLEGATIONS OF FACT The Petition alleges the following facts: A. Introduction From approximately December 27, 2017 to August 29, 2019, at least thirteen (13) Missouri residents invested $1,418,843.87 in gold and/or silver through self-directed IRAs in which TMTE, Inc., a/k/a Metals.com, a/k/a Chase Metals, LLC, a/k/a Chase Metals, Inc. (collectively “Metals.com”) assisted with establishing. Metals.com and its agents and employees have been, and currently are, for compensation, acting as unregistered investment advisers by advising Missouri residents to sell their securities to purchase gold or silver.
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