JM Bullion Lawsuit: Latest News and Updates (2024)

Disclaimer: This post does not serve as financial advice. The proprietors of this website may receive compensation for recommending specific precious metals companies. The content on this website, which may include positive evaluations of these companies and other reviews, may not be neutral or independent.

The allure of precious metals as a secure investment is undeniable. But with so many companies available, finding a reliable and transparent is crucial.   

JM Bullion, a popular name in the online precious metals industry, boasts over a decade of experience (established in 2011) as a subsidiary of A-Mark Precious Metals. While they’ve established a strong presence, they operate solely online without a physical storefront in Pennsylvania.

However, before you get swept away by their online presence,  let’s delve deeper.  Have there been any legal issues in JM Bullion’s past?  By exploring JM Bullion lawsuits, we can help you decide if the company is the right fit for you.

JM Bullion Lawsuit: Current Status

Currently, there is no ongoing JM Bullion lawsuit.

We went through various resources, including our own database as well as other notable legal resources onilne.

Here’s an overview of our findings:

UniCourt: No JM Bullion Lawsuit Found

There is no JM Bullion lawsuit currently going on, according to UniCourt.

Unicourt.com is a legal technology platform designed to provide comprehensive access to court records, legal data, and case tracking services. The primary goal of Unicourt is to make legal data more accessible and usable for legal professionals, businesses, and the general public. Through this platform, users can gain access to federal and state court records from multiple jurisdictions across the United States, encompassing civil, criminal, bankruptcy, and appellate courts.

One of the standout features of Unicourt is its case tracking capabilities. Users can track cases of interest and receive real-time updates and alerts on new filings, docket entries, and changes in case status. This feature is particularly valuable for legal professionals who need to stay informed about developments in the cases they are following.

Unicourt also offers robust legal analytics, analyzing court data to provide insights and trends in litigation. This helps users identify patterns, predict outcomes, and make data-driven decisions. For businesses and legal professionals, this analytical capability can be a significant advantage in understanding the broader context of their legal landscape.

The platform supports API integration, allowing seamless incorporation of court data into other software and systems. This feature is beneficial for businesses that want to embed legal data into their workflows, CRM systems, or other applications. Additionally, Unicourt provides a document retrieval service, enabling users to obtain copies of court documents such as complaints, motions, and orders.

Advanced search capabilities are another key feature of Unicourt. Users can conduct specific searches for cases, parties, attorneys, judges, and more, using keywords and various filters such as jurisdiction, case type, and date range. This makes finding relevant legal information more efficient and precise.

Unicourt caters to a wide range of users, including law firms, corporations, insurance companies, financial institutions, and the general public. For law firms, the platform enhances case research, monitors litigation trends, and improves case management. Corporations can use Unicourt to conduct due diligence, manage legal risks, and track litigation involving their business. Insurance companies benefit from monitoring claims litigation and assessing legal risks associated with claims, while financial institutions use the platform for background checks, credit risk assessments, and monitoring legal proceedings involving clients or borrowers. The general public can access court records and stay informed about legal matters affecting their interests.

In summary, Unicourt.com streamlines the process of accessing and managing court records and legal data, providing valuable insights through analytics and data-driven reports. It offers easy access to a vast amount of legal information from a single platform and supports integration with existing systems, enhancing workflow and productivity. Unicourt is widely used by legal professionals, businesses, and individuals who require reliable and efficient access to court records and legal data.

Justia: No Ongoing JM Bullion Lawsuit Found

Justia is a comprehensive legal information website that aims to make the law more accessible to lawyers, businesses, and the general public. Established with the mission of providing open and free access to legal information, Justia offers a wide range of resources and tools that cover various aspects of the law.

There was no ongoing or major JM Bullion lawsuit listed on Justia, according to our research.

One of Justia’s primary features is its extensive database of legal information. This includes federal and state statutes, case law, regulations, and court opinions. Users can search for and access a wealth of legal documents, including decisions from the U.S. Supreme Court, federal appellate courts, and state courts. This makes Justia a valuable resource for legal research and case preparation.

Justia also provides a comprehensive lawyer directory. This feature allows users to search for attorneys based on location, practice area, and other criteria. The directory includes detailed profiles of lawyers, complete with contact information, areas of specialization, and client reviews. This is particularly useful for individuals and businesses seeking legal representation.

In addition to legal documents and directories, Justia offers various legal guides and articles written by legal experts. These resources cover a wide range of topics, from family law and personal injury to business law and intellectual property. The guides are designed to help users understand complex legal concepts and navigate the legal system more effectively.

Justia’s docket and court filing service is another key feature. It provides access to a vast collection of court dockets and filings, enabling users to track ongoing litigation and stay updated on case developments. This service is especially beneficial for legal professionals who need to monitor multiple cases simultaneously.

The platform also includes a robust legal blog network, where legal professionals can share insights and updates on various legal issues. This network covers different practice areas and jurisdictions, offering a diverse array of perspectives and information.

Justia is particularly noted for its commitment to free access. Unlike many other legal research platforms that require subscriptions, Justia provides most of its resources at no cost. This open access approach is part of its mission to democratize legal information and ensure that everyone has the opportunity to understand and use the law.

For businesses, Justia offers various marketing solutions, including website design, SEO services, and online advertising. These services are tailored to help law firms and legal professionals enhance their online presence and reach a broader audience.

In summary, Justia is a valuable legal information platform that offers extensive resources for legal research, lawyer directories, legal guides, and court filings. Its commitment to providing free access to legal information makes it an indispensable tool for legal professionals, businesses, and the public. With its wide range of services and resources, Justia helps users navigate the legal system, find legal representation, and stay informed about legal developments.

Other Platforms:

Similarly, we looked for JM Bullion lawsuit on other platforms but found no listings or mentions.

There is no JM Bullion lawsuit pending at the moment.

JM Bullion Customer Complaints 

JM Bullion has received some negative complaints about the company. Some customers have expressed dissatisfaction on platforms like Better Business Bureau where most of the complaints are regarding: 

Cancellation After Funds Sent

Some customers have reported issues where they placed an order for precious metals, but the transaction was cancelled after they had already sent the funds. This situation can be frustrating and may lead to delays in receiving the desired products.

One customer shared their experience: They made a transaction on JM Bullion to buy a coin using a previously used payment method on November 27, 2023. On November 28, 2023, they received a notification that the payment had been confirmed and their product would be shipped. 

However, on November 29, 2023, they received a message stating that the payment wasn’t processed correctly and that they had 10 days to update the payment. Simultaneously, they received a notice that the order was cancelled and they had to reorder. 

The customer was never given the opportunity to update information or provide an alternative payment as per the company’s policy. They expressed doubt that this issue would have occurred if the price of gold had not increased significantly in the past few days. 

Despite being a long-time customer, they stated they would never use JM Bullion again unless the company honored the original pricing and allowed them to purchase the item at the settled-upon value.

However, it’s worth highlighting that JM Bullion has received thousands of praises from customers on different websites. Below are some examples:

About JM Bullion

In 2019, JM Bullion received the Entrepreneur of the Year award from EY, recognizing the CEO and founder, Michael Wittmeyer, for his drive and determination that propelled the company to new heights.

Additionally, JM Bullion ranked #40 in Inc magazine’s 2016 rankings of the fastest-growing privately held companies in the United States, boasting a remarkable 3-year revenue growth of nearly 6,000%.

These achievements are particularly impressive given that the company was founded in just 2011. While JM Bullion may not have as many years of experience as some competitors, its rapid growth demonstrates why it is worth watching for investors.

For those interested in visiting, JM Bullion’s corporate headquarters and contact center are located in Dallas, Texas.

JM Bullion offers several services to its clients, including the option to buy and sell precious metals, open IRAs, and obtain loans through precious metals. Here are the details of each service:

If you’re interested in buying precious metals from JM Bullion, you’ll be pleased to know that the company has a large selection of products. Their inventory includes gold, silver, platinum, palladium, and copper.

Pros and Cons of Investing with JM Bullion 

Pros:

• Accredited and holds an A+ rating with the Better Business Bureau (BBB).
• Accepts a variety of payment methods, including Bitcoin.
• Thousands of positive reviews from past customers online.

Cons:

• Numerous complaints have been filed against the business in the past three years.
• Has faced several lawsuits.
• IRA services are not the most streamlined on the market.
• Not listed as a dealer by the US Mint.

Final Verdict on JM Bullion Lawsuit 

JM Bullion has established itself as a leading precious metals dealer in the US market, reflecting a broad spectrum of consumer sentiments. 

The firm has garnered thousands of positive ratings on reputable consumer watchdog websites, indicating high overall customer satisfaction.

Despite the company’s strong reputation, it is essential to note the multiple lawsuits filed against JM Bullion, which highlight some operational vulnerabilities.

Additionally, customer complaints about transaction cancellations after funds have been sent and a lack of clarity on cancellation reasons indicate areas for improvement in customer service and communication.

Nevertheless, the general image of JM Bullion remains predominantly positive. The company’s rapid growth and numerous accolades, including the Entrepreneur of the Year award from EY and a high ranking in Inc magazine’s list of fastest-growing privately held companies, underscore its significant achievements since its founding in 2011.

JM Bullion is widely recognized as a reliable company that offers a diverse range of products and services. Investors can buy and sell precious metals, open IRAs, and obtain loans through precious metals with confidence. 

The firm provides a large selection of gold, silver, platinum, palladium, and copper, and accepts various payment methods, including Bitcoin.

With an A+ rating from the Better Business Bureau and thousands of positive reviews, JM Bullion has gained the loyalty of many customers. 

While there are some JM Bullion lawsuits and customer complaints, its commitment to transparency, diverse product offerings, and robust customer service make it a credible and respected participant in the precious metals market.

Prospective investors can feel confident in JM Bullion’s reputation, which, combined with its user-friendly platform and extensive services, positions it as a prominent and dependable choice in the industry.