In an effort to allow clients to view account balances, we have restored access to the login via the APS website. The account balances shown are based on information as of April 24, 2014, which was prior to the commencement of the court-appointed receivership. Some subsequent transactions are reflected, however, as the receivership is still in the process of balancing and reconciling the accounts, we cannot guarantee at this time that each account balance or record is accurate or has been fully updated.
NOTICE OF RECEIVERSHIP – AMERICAN PENSION SERVICES, INC. AND CURTIS DeYOUNG
On April 24, 2014, the federal court in Salt Lake City placed APS under the control of a Receiver in order to protect the assets of retirement accounts administered by APS and held by First Utah Bank as custodian. The Court’s Order appointing the Receiver grants the Receiver full power and authority over all APS operations.
The Receiver's appointment was made at the request of the U.S. Securities & Exchange Commission ("SEC") in a lawsuit the SEC filed against APS and its principal, Curtis de Young. In its Complaint, the SEC alleges that APS has violated U.S. securities laws through the theft of customer funds, the placement of unauthorized investments, forged direction letters, and inflated asset values. The Court also issued a Temporary Restraining Order which prohibits any further violation of securities laws.
For additional information please view the receivership site at apsreceiver.com.