August 22, 2023
SEC Administrative Proceeding
The SEC deems it appropriate and in the public interest that public administrative proceedings be instituted against Jeffrey Ikahn, formerly known as Jeffrey S. Santulan. Ikahn allegedly convinced 450 elderly investors to sell their securities and transfer them to self-directed IRAs to invest in gold and silver coins with Safeguard. Misleading and false statements were made, as well as other misrepresentations about commission and markups.
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