Talk:Monex Precious Metals
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Previous delete
[edit]This article was previously deleted as follows 12:59, 2 August 2015 Rjd0060 (talk | contribs) deleted page Monex Precious Metals (Expired PROD, concern was: No indication of notability, no significant coverage in reliable sources beyond a single LA Times article on their misdeeds.). However I feel it has some notability and is more notable than other Monex companies listed in the disambig page for monex. Sargdub (talk) 20:23, 11 January 2019 (UTC)
Proposed update: acquisition and sourcing improvements
[edit] | This edit request has been answered. Set the |answered= parameter to no to reactivate your request. |
I am proposing updates to improve the article’s neutrality, sourcing, and completeness.
Proposed changes include:
- Adding the 2025–2026 acquisition of Monex by A-Mark Precious Metals
- Expanding legal/regulatory coverage with reliable sources
- Improving structure and citation quality
Draft below:
| 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.
Not done: according to the page's protection level, you should be able to edit the page yourself. If you seem to be unable to, please reopen the request with further details. Lordseriouspig 20:26, 27 April 2026 (UTC)
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, after which Monex became a subsidiary 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.
- ↑ [REPLACE_WITH_SEC_LINK "Form 8-K - A-Mark Precious Metals, Inc"]. U.S. Securities and Exchange Commission. 2025. Retrieved 27 April 2026.
{{cite web}}: Check|url=value (help) - ↑ [REPLACE_WITH_REUTERS_OR_BLOOMBERG "A-Mark completes acquisition of Monex"]. Reuters. 2026. Retrieved 27 April 2026.
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