Precious Metals IncorporatedRevocation/denial of renewal
This gun manufacturer was cited for 19 violations. The inspection resulted in revocation/denial of renewal.
A final disposition of revocation/denial of renewal means that ATF officials concluded the dealer must lose its license. This requires a determination that the licensee wilfully violated regulations or is otherwise ineligible to remain in business. The licensee will either have their license revoked after a specified period of time, or be unable to renew their license once it expires.
ATF data indicates that this license is no longer active.
|Type||Manufacturer of firearms|
Compliance inspections are conducted by one or more ATF officers. After the lead investigator submits a recommendation, one or more ATF supervisors will review the inspection and either concur with or adjust the recommendation.
This page contains information about a single inspection conducted between 2015 and 2017. The ATF may have inspected this licensee before and/or after the inspection detailed here.
Officers spent a total of 405 hours conducting this inspection. 98 days passed between the assignment and the final review. The licensee received a final outcome of revocation/denial of renewal.
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SWB . Manufacturer/lmporter Program. Conduct a full SWB DE compliance inspection in accordance with the FY 2015 IO Operating Plan. Review all records from original licensing date and 100% inventory reconciliation is required.
Due to violations cited during a compliance inspection coducted between January 8, 2015 throught March 4, 2015 a recommendation of "Violations & Revocation/Denial of Renewal Application" is being made. The licensee was cited for several violations to include but not limited to: 27 CFR 478.128(a) for knowingly making a written and verbal false statement when applying for their type 7 license on June 6, 2013; 27 CFR 478.123(b) for failing to reconcile the disposition redactedearms resulting in the filing of a theft/loss report for said firearms; 27 CFR 478.92(a)(1)(ii)(c) and 478.92(a)(1)(ii)(d) for failing to mark firearms manufactured; 27 CFR 478.99(a) for knowingly unlawfully transferrinredactedarms to an unlicensed out of state individual without first completing an ATF Form 4473 . The licensee was cited for a total of 19 violations.
This was the licensee's first compliance inspection since receiving the license in August of 2013. The licensee was subject to an in-person firearms qualification inspection in June 2013. During the qualification inspection the Acknowledgement of Federal Firearms Regulations was reviewed and signed by Responsible Person April Ferguson. The current inspection was initiated on January 8, 2015. During the inspection the licensee was cited for 19 violations. Specifically, the licensee was cited for 27 CFR 478.128(a) - knowingly making a written and verbal false statement when applying for their Type 07 FFL on June 6, 2013; 27 CFR 478.123(b) for failing to record the disposition redactedarms in their A&D Record; 27 CFR 478.92(a)(1)(ii)(c) and 478.92(a)(1)(ii)(d) for failing to properly mark firearms manufactured; and 27CFR 478.99(a) for knowingly unlawfully transferiredactedearms to an unlicensed out of state individual without completing an ATF Form 4473 . The licensee was unable to determine the disposition of redacted open dispositions. Alredacted firearms were acquired by the licensee in the past two years. The out-of-state individual which tredactedeivers were transferred to was determined to be a prohibited person. Additionally, the licensee stated that he was fully aware that the transfer to an unlicensed out-of-state person without completing an ATF Form 4473 was illegal. Lastly, the licensee was cited for 27 CFR 478.128(c) - for knowingly committing a straw purchase on redactednstance, and knowingly falsifying a completed ATF Form 4473 by adding firearms to a completed form on two separate forms. Therefore, I concur with the Investigator and Area Supervisor’s recommendation of Revocation.
If an inspection uncovers regulatory violations, the licensee receives a report outlining these violations. This section lists the violations found in the inspection, as well as a general description of each offense. More details on the nature of the licensee's specific violations may be found in the report PDF.
This licensee was cited for 19 violations.
|1||478.128(c)||False statement or representation by a licensee regarding any information or records required by the Gun Control Act. This carries a maximum penalty of a $1,000 fine and/or one year imprisonment. 🔗|
|2||478.123(a)||Failure by a manufacturer to maintain an accurate record of firearms manufactured or acquired. 🔗|
|3||478.123(b)||Failure by a manufacturer to maintain an accurate record of dispositions to other licensees. 🔗|
|4||478.92(a)(1)(ii)(C)||Failure by a manufacturer or importer to mark frames or receivers with its name and the name of the foreign manufacturer if applicable. 🔗|
|5||478.92(a)(1)(ii)(D)||Failure by a manufacturer or importer to mark frames or receivers with the city and state where the manufacturer is located. 🔗|
|6||478.99(a)||Sale or delivery of a firearm other than a long gun to an out-of-state resident. 🔗|
|7||478.21(a)||Failure to provide all of the information called for in required forms. 🔗|
|8||478.124(c)(1)||Failure to obtain a Form 4473 showing the transferee's name, sex, address, date and place of birth, and other required information. 🔗|
|9||478.124(c)(3)(i)||Failure to obtain identification from a transferee or document it on Form 4473. 🔗|
|10||478.124(c)(3)(iv)||Failure to record the date NICS was contacted and the NICS response on Form 4473. 🔗|
|11||478.124(c)(4)||Failure to record on Form 4473 the manufacturer, importer, type, model, caliber or gauge, and serial number of the firearm being transferred. 🔗|
|12||478.124(c)(5)||Failure of the licensee to sign or date a Form 4473. 🔗|
|13||478.102(a)||Failure to conduct or complete a NICS check before transferring a firearm. 🔗|
|14||478.102(a)(2)(ii)||Transferring a firearm before three business days have elapsed from the date that the licensee contacted NICS. 🔗|
|15||478.99(b)||Sale or delivery of a firearm to a person who is underaged or prohibited from possessing it under state law. 🔗|
|16||478.99(c)||Sale or transfer of a firearm to a prohibited person. 🔗|
|17||478.53||Failure to receive endorsement from the ATF within 30 days of changing the trade name of the business. 🔗|
|18||478.54||Failure to give written notification of a change of control in a corporation or association that holds a license. 🔗|
|19||478.128(a)||False statement or representation by a person when applying for a license. This carries a maximum penalty of a $5,000 fine and/or five years imprisonment. 🔗|
Source: Bureau of Alcohol, Tobacco, Firearms and Explosives. About the data »