Name | Lear Capital, Inc. (Los Angeles, CA) |
Address | 1990 S. Bundy Dr., Suite 600 Los Angeles, CA 90025 |
Phone | 1-800-576-9355 1-310-571-0190 |
Owners | Kevin Demeritt (Pres.) Scott Carter (CEO) |
DateStarted | 1997 |
Sales | ~$150M/year (est.) |
BBB | A+ (1-year: 15, 3-year: 27). BBB complaints do not indicate a pattern of problems |
BCA | AAA (3-year: 13). Almost all complaints are at least a year old. |
UCC | Yes: TBD |
GovtAction | No |
Lawsuits | Yes |
NFACFTC | OK |
ShipDays | <=28: "LCI shall deliver ... [in] no more than twenty-eight (28) days" |
Leverage | No |
Storage | No |
Pool | No |
Commission | Yes: Per terms 5f. |
NameProblems | OK |
Rare | Yes: They sell numismatic items. |
Comments | Sometimes charges 33% spread on IRA accounts, requiring a 50% increase in the price of metal to break even. I cannot under any circumstances recommend doing business with a company that does that. Further, makes an exagerrated claim of a high silver price of $54/oz (actual is under $50; see http://about.ag/SilverHigh.htm for details). |