Submitted by Tyler Durden on 06/18/2011 13:23 -0400
* Commodity Futures Trading Commission
* Consumer protection
* Fail
* Henderson
* OTC
* OTC Derivatives
* Precious Metals
* Wall Street Journal
One small step toward Executive Order 6102 part 2, and one giant leap for corruptcongressmankind. "We wanted to make you aware of some upcoming changes to FOREX.com’s product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011. In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET. We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated."
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* 415 comments..............A lil interest on this topic,,,,,
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http://www.zerohedge.com/article/trading-over-counter-gold-and-silver-be-illegal-beginning-july-15
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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