Augusta Compliance Department

Rules affecting the gold industry come from a variety of federal and state laws, regulations and guidance.

To address compliance, Augusta has a robust compliance department with a neutral third-party administrator who was instrumental in designing our systems and who oversees our activities to ensure compliance with these systems.

Aligning with the Spirit of the Law

We know it’s important for you to work with a gold company that demonstrates integrity, honesty and transparency.

Federal and state laws and regulations exist to protect consumers when making large purchases such as the physical gold and silver portfolios Augusta provides to our customers. Compliance with these laws is one of the consistent tenets of Augusta Precious Metals’ operation.

In fact, when we can, we go further than the law to fulfill its spirit of protection. You will find evidence of this throughout our website, marketing materials and official documents, as well as in agent-led phone calls and web conferences.

Augusta’s Chief Compliance Administrator: Mary Obidinski

Augusta Precious Metals’ compliance team is led by an independent compliance administrator, Mary Obidinski. She works as an outside consultant to help us stay compliant. Because she is not part of Augusta, there is no conflict of interest. For more than a decade, Ms. Obidinski has advised clients across a variety of industries on marketing and other regulatory compliance matters.

Augusta Compliance Team

Administrator: Mary Obidinski
Outside counsel: independent CFTC-experienced attorneys
Dedicated professional writer/editor

Our Compliance Steps

With guidance from Ms. Obidinski and other contracted experts, Augusta Precious Metals has taken the following steps to ensure our practices are fair, transparent and follow the law and federal and state guidelines:

We developed an internal training program to educate employees on compliance matters affecting our industry. Ms. Obidinski conducts courses on compliance to educate the team. Augusta personnel are given opportunities to practice calls and receive feedback on the compliance of customer conversations.
We have easy-to-follow compliance sheets and administer compliance exams.
The entire company works from a general compliance manual and we have established specific compliance protocols for each department.
Ms. Obidinski oversees a phone call monitoring system to ensure the team is following compliance protocols. When needed, she flags infractions and initiates a disciplinary process.
We conduct periodic internal audits to assess the efficacy of current compliance strategies and target areas for improvement.
We regularly consult with Ms. Obidinski and other compliance experts to ensure the accuracy and transparency of all written material, such as website copy, guides, brochures, videos and other marketing materials, in addition to call training materials.
Augusta works with a contracted editor/writer with compliance experience who oversees creation of internal and external materials. This person works directly with outside counsel to determine what is and is not compliant.

Some companies will give you reasons to buy gold that we do not believe are in fact good reasons. We are transparent about this – and often warn our customers about "bad reasons to buy gold."

In all aspects of the services we provide, Augusta Precious Metals focuses first on the needs of our customers, including their need to know they are working with a reputable company.

Resources

FAQ: To further examine Augusta's compliant operations and gain confidence in your choice to work with us, visit our FAQ page.

Risk Disclosures: Please view our Risk Disclosures page. To view the entire Augusta Transaction Agreement that you would need to sign to become a customer, please click here.

Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the spot price of the precious metal they contain. Augusta's sale prices and buy-back prices are determined and controlled by Augusta. The value assigned to the coins you purchase at any given time may vary from retailer to retailer and Augusta cannot guarantee another retailer will value the coins at the same rate as Augusta would in any given circumstance. Augusta cannot guarantee buy-back of any item it sells and cannot guarantee another retailer will purchase coins purchased through Augusta. Augusta cannot guarantee another retailer will value a premium coin at the same rate as Augusta would in any given circumstance. This purchase is speculative and unregulated.