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In a message dated 9/18/98 9:27:18 AM, jzaner@xxxxxxxxxxx writes:
<<Chuck: If this is true, they are in violation of 17 CFR 180.1-180.5 of
the CFTC rules which clearly state that no broker can require an
arbitration agreement be signed as a condition of acceptance of the
account nor may it require that the customer waive his right to a
reparations hearing.>>
Unfortunately this is not a CFTC registered firm because they deal only in
cash markets to avoid having to register. They are true sleazeballs. The
point I was trying to make is that arbitration isn't necessarily a bad system.
Chuck
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