By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Watch LIVE
Listen LIVE
SuperTalk Mississippi st logo
  • Tune In
    • Listen Live
    • Watch Live
    • Network Schedule
    • On Demand
    • Podcasts
    • Video Center
    • Connect
  • Stations
    • News/Talk
    • Music
  • Shows
    • Mornings with Richard Cross
    • MidDays with Gerard Gibert
    • Good Things with Rebecca Turner
    • SportsTalk Mississippi
    • In A Mississippi Minute with Steve Azar
    • SuperTalk Outdoors with Ricky Mathews
    • The Ricky Mathews Show
    • The Garden Mama Show
    • The Handyman Show
    • Thunder & Lightning
    • Eagle Hour
    • The Richard Schwartz Show
    • The Lars Larson Show
    • America at Night with Rich Valde
    • Coast to Coast with George Noory
    • Americas Roundtable
    • Crusader Talk
    • The Guy Benson Show
    • Fox Across America with Jimmy Failla
    • Element Wealth
  • News
    • Latest News
    • Featured News
    • Politics
    • Lifestyle
    • Crime
    • Opinion
    • Agrinews
  • Sports
    • Mississippi State
    • Ole Miss
    • Southern Miss
    • Jackson State
    • High School
    • More Schools
  • Weather
  • Networks
  • About
    • Our Story
    • Our Staff
    • Public Files
    • Contests
    • Affiliates
    • Jobs
  • Advertise
  • Contact
Reading: Mississippi clients to receive up to $659K from settlement with GSI Exchange
Watch LIVE
Listen LIVE
SuperTalk Mississippi st logo
  • Tune In
    • Listen Live
    • Watch Live
    • Network Schedule
    • On Demand
    • Podcasts
    • Video Center
    • Connect
  • Stations
    • News/Talk
    • Music
  • Shows
    • Mornings with Richard Cross
    • MidDays with Gerard Gibert
    • Good Things with Rebecca Turner
    • SportsTalk Mississippi
    • In A Mississippi Minute with Steve Azar
    • SuperTalk Outdoors with Ricky Mathews
    • The Ricky Mathews Show
    • The Garden Mama Show
    • The Handyman Show
    • Thunder & Lightning
    • Eagle Hour
    • The Richard Schwartz Show
    • The Lars Larson Show
    • America at Night with Rich Valde
    • Coast to Coast with George Noory
    • Americas Roundtable
    • Crusader Talk
    • The Guy Benson Show
    • Fox Across America with Jimmy Failla
    • Element Wealth
  • News
    • Latest News
    • Featured News
    • Politics
    • Lifestyle
    • Crime
    • Opinion
    • Agrinews
  • Sports
    • Mississippi State
    • Ole Miss
    • Southern Miss
    • Jackson State
    • High School
    • More Schools
  • Weather
  • Networks
  • About
    • Our Story
    • Our Staff
    • Public Files
    • Contests
    • Affiliates
    • Jobs
  • Advertise
  • Contact
Reading: Mississippi clients to receive up to $659K from settlement with GSI Exchange
Search
  • Tune In
    • Listen Live
    • Watch Live
    • Network Schedule
    • On Demand
    • Podcasts
    • Video Center
    • Connect
  • Stations
    • News/Talk
    • Music
  • Shows
    • Mornings with Richard Cross
    • MidDays with Gerard Gibert
    • Good Things with Rebecca Turner
    • SportsTalk Mississippi
    • In A Mississippi Minute with Steve Azar
    • SuperTalk Outdoors with Ricky Mathews
    • The Ricky Mathews Show
    • The Garden Mama Show
    • The Handyman Show
    • Thunder & Lightning
    • Eagle Hour
    • The Richard Schwartz Show
    • The Lars Larson Show
    • America at Night with Rich Valde
    • Coast to Coast with George Noory
    • Americas Roundtable
    • Crusader Talk
    • The Guy Benson Show
    • Fox Across America with Jimmy Failla
    • Element Wealth
  • News
    • Latest News
    • Featured News
    • Politics
    • Lifestyle
    • Crime
    • Opinion
    • Agrinews
  • Sports
    • Mississippi State
    • Ole Miss
    • Southern Miss
    • Jackson State
    • High School
    • More Schools
  • Weather
  • Networks
  • About
    • Our Story
    • Our Staff
    • Public Files
    • Contests
    • Affiliates
    • Jobs
  • Advertise
  • Contact
Follow US
Featured NewsLatest News

Mississippi clients to receive up to $659K from settlement with GSI Exchange

Caleb Salers
By Caleb Salers October 4, 2023
Share
2 Min Read
Precious metals
Stock image
SHARE

Mississippi Secretary of State Michael Watson’s Office has announced a coordinated settlement of claims with precious metals dealer GSI Exchange.

The settlement permits 11 clients located in Mississippi to elect to receive a refund of up to $659,000 in principal previously paid to GSI Exchange. Clients electing to receive the funds will be required to return precious metals to the company, essentially unwinding their transactions.

The settlement is the result of the coordinated work of state securities regulators from Alabama, Arkansas, and Texas.

Alabama’s Securities Commission and the Texas State Securities Board filed administrative enforcement actions in July 2021, and the Arkansas Securities Department filed a third case in February 2022.

The three parties generally alleged that GSI Exchange was acting as an unregistered investment adviser and not disclosing information material to the “spread,” or markup, paid by clients.

The agencies began negotiating a resolution of claims to benefit investors located in the 44 states where GSI Exchange sold precious metals.

As part of the resolution, some state securities regulators have elected to enter a settlement with the company to require refund principal to clients in their respective states.

“In too many cases, clients pay a hefty price, but this case is different. Today’s settlement financially benefits clients by requiring GSI Exchange to return money to Mississippians who elect to participate,” Watson said. “Yet again, our Securities Division continues to ensure the hard-earned money of our citizens is protected.”

Mississippians who purchased precious metals prior to July 22, 2021, are eligible for refunds and will receive instructions and other relevant information.

Copyright 2025 SuperTalk Mississippi Media. All rights reserved.

Featured NewsLatest News

Stay informed.

Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Copy Link Print
Avatar photo
By Caleb Salers
Follow:
Caleb Salers is a multimedia journalist for SuperTalk Mississippi News. As a lifelong Jacksonian, Caleb has deep roots in Mississippi and a vested interest in the Magnolia State. Prior to joining the news team, Caleb served as a podcast host. In his spare time, you will find Caleb watching sports, cheering on the Pittsburgh Steelers and Memphis Grizzlies. For inquiries or story tips, email [email protected].

Stay Connected

19kFollowersLike
12.3kFollowersFollow

Latest News

Federal judge approves $2.8B settlement, paving way for colleges to pay athletes millions
June 6, 2025
‘It’s time for action’: Mayor-elect John Horhn aims for wholesale change in capital city
June 6, 2025
Officials extend Pearl River public advisory following sewage leak
June 6, 2025
Thalia Mara Hall given the green light to reopen nearly a year after closing
June 6, 2025
David Parker
State Sen. David Parker announces retirement from legislature ahead of special election
June 6, 2025

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

News / Talk Stations

  • Corinth :: 94.3
  • Delta :: 96.9
  • Golden Triangle :: 100.9
  • Hattiesburg :: 97.3
  • Jackson :: 97.3
  • Laurel :: 99.3
  • Meridian :: 103.3
  • MS Gulf Coast :: 103.1
  • North MS :: 93.7
  • Pike County :: 93.5
  • Southwest MS :: 102.1
  • Tupelo :: 101.9
  • Corinth :: 94.3
  • Delta :: 96.9
  • Golden Triangle :: 100.9
  • Hattiesburg :: 97.3
  • Jackson :: 97.3
  • Laurel :: 99.3
  • Meridian :: 103.3
  • MS Gulf Coast :: 103.1
  • North MS :: 93.7
  • Pike County :: 93.5
  • Southwest MS :: 102.1
  • Tupelo :: 101.9

Music Stations

  • 92.9 Corinth’s Best Country
  • Mix 95.9
  • Q105
  • Max 99
  • Lazer 96.1
  • G-92.9
  • G-103.3 The Delta
  • 97.9 CPR Rocks
  • 105.9 The Monkey
  • G-96.7 Gulf Coast
  • 92.9 Corinth’s Best Country
  • Mix 95.9
  • Q105
  • Max 99
  • Lazer 96.1
  • G-92.9
  • G-103.3 The Delta
  • 97.9 CPR Rocks
  • 105.9 The Monkey
  • G-96.7 Gulf Coast

Shows

  • Mornings with Richard Cross
  • MidDays with Gerard Gibert
  • Good Things with Rebecca Turner
  • SportsTalk Mississippi
  • In A Mississippi Minute with Steve Azar
  • Outdoors with Ricky Mathews
  • The Ricky Mathews Show
  • The Garden Mama
  • The Handyman Show
  • Thunder & Lightning
  • Eagle Hour
  • Richard Schwartz Legal Power Hour
  • The Lars Larson Show
  • America at Night with Rich Valdez
  • Coast to Coast with George Noory
  • Americas Roundtable
  • Crusader Talk
  • The Guy Benson Show
  • Fox Across America with Jimmy Fallia
  • Element Wealth
  • Mornings with Richard Cross
  • MidDays with Gerard Gibert
  • Good Things with Rebecca Turner
  • SportsTalk Mississippi
  • In A Mississippi Minute with Steve Azar
  • Outdoors with Ricky Mathews
  • The Ricky Mathews Show
  • The Garden Mama
  • The Handyman Show
  • Thunder & Lightning
  • Eagle Hour
  • Richard Schwartz Legal Power Hour
  • The Lars Larson Show
  • America at Night with Rich Valdez
  • Coast to Coast with George Noory
  • Americas Roundtable
  • Crusader Talk
  • The Guy Benson Show
  • Fox Across America with Jimmy Fallia
  • Element Wealth

News

  • Latest News
  • Politics
  • Sports
  • Agriculture
  • Lifestyle
  • Opinion
  • Latest News
  • Politics
  • Sports
  • Agriculture
  • Lifestyle
  • Opinion

About

  • Our Story
  • Our Staff
  • Public Files
  • Advertise
  • Networks
  • Connect
  • Privacy Policy
  • Terms & Conditions
  • Our Story
  • Our Staff
  • Public Files
  • Advertise
  • Networks
  • Connect
  • Privacy Policy
  • Terms & Conditions
ST logo

SuperTalk Mississippi Media is Mississippi’s leader in news, politics, sports, music, and all things Mississippi. With four statewide radio networks, 12 talk stations, 16 music stations, SuperTalk TV, and over 50 affiliates, SuperTalk Mississippi Media covers every inch of the state.

Contact us: [email protected]
nab
© 2020 - 2025 SuperTalk Mississippi Media. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?