// Workers AI · dad joke modeWhat did Monex Precious Metals say to gold? You're worth investing in.
| Monex Precious Metals | |
| Type | Subsidiary |
| Industry | Precious metals |
| Founded | 1987 |
| Founder | Louis E. Carabini |
| Headquarters | Newport Beach, California , United States |
| Products | Gold, silver, platinum, palladium bullion |
| Parent | A-Mark Precious Metals (2026–present) |
| Website | www |
Monex Precious Metals is the trade name of Monex Deposit Company, a U.S.-based precious metals dealer headquartered in Newport Beach, California. The company buys and sells gold, silver, platinum, and palladium bullion products to retail investors.
History
[edit]Monex was founded in 1987 and traces its origins to earlier coin and precious metals trading activities established by its founder, Louis E. Carabini.[1]
The company developed a retail precious metals business offering gold, silver, platinum, and palladium products, and introduced its Atlas Account program for leveraged precious metals transactions.[2]
Products and services
[edit]Monex offers physical precious metals products including bullion coins and bars and publishes bid and ask prices for metals for retail investors.[3]
Legal and regulatory matters
[edit]In 2017, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against Monex Deposit Company and its principals, alleging fraud and illegal off-exchange leveraged commodity transactions related to its Atlas program.[4]
In 2019, the United States Court of Appeals for the Ninth Circuit held that the CFTC’s claims could proceed, reversing a lower court decision.[2]
In 2022, a federal court ordered Monex and its principals to pay restitution and civil penalties and imposed restrictions on certain activities.[5]
Acquisition
[edit]In November 2025, A-Mark Precious Metals announced an agreement to acquire Monex Deposit Company in a cash-and-stock transaction, with additional contingent consideration.[6]
The acquisition was completed in January 2026. Following the acquisition, Monex became a subsidiary of Gold.com, the direct-to-consumer precious metals division of A-Mark Precious Metals.[7]
References
[edit]- ↑ "About Monex". Monex. Retrieved 27 April 2026.
- 1 2 "Ninth Circuit Rules in Favor of CFTC in Fraud Case Against Monex". Commodity Futures Trading Commission. 26 July 2019. Retrieved 27 April 2026.
- ↑ "Monex Products". Monex. Retrieved 27 April 2026.
- ↑ "Precious metals dealer Monex accused of fraud by CFTC". Los Angeles Times. 6 September 2017. Retrieved 27 April 2026.
- ↑ "Federal Court Orders California Precious Metals Firm and Its Principals to Pay $38 Million". Commodity Futures Trading Commission. 21 December 2022. Retrieved 27 April 2026.
- ↑ "Form 8-K - A-Mark Precious Metals, Inc". U.S. Securities and Exchange Commission. 2025. Retrieved 27 April 2026.
- ↑ "Gold.com Closes Monex Precious Metals Acquisition, Provides an Operational Update". Gold.com Investor Relations. 5 January 2026. Retrieved 27 April 2026.