Precious Metals Firm Rosland Capital Files for Bankruptcy
1 report, 1 independent
Updated Oct 1
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What happened
Rosland Capital, a precious metals asset management company, filed for Chapter 11 bankruptcy in California on July 2. The company had used Fox News for advertising and claimed to have an 'A+' rating with the Better Business Bureau. Following the cessation of commercials, Rosland Capital abandoned its offices in Los Angeles and Henderson, Nevada, and laid off dozens of employees.
From dailymail.com
Why it matters
The failure of Rosland Capital, which promoted itself using a high rating from the Better Business Bureau, could challenge the BBB's rating integrity. This situation may increase regulatory risk for the organization.
From dailymail.com
Who's involved
- Fox NewsProvided a platform for Rosland Capital's advertising campaigns.
- Better Business BureauProvided the 'A+' rating that Rosland Capital claimed.
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The entities involved
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Fox News
American cable television news channel
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Better Business Bureau
American organization