Home > Global news > Trading of Over the Counter Gold and Silver To Be Illegal Beginning July 15

Trading of Over the Counter Gold and Silver To Be Illegal Beginning July 15

June 20, 2011 Leave a comment Go to comments

Monday, 20 June 2011 10:23

‘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.’

Read more: Trading of Over the Counter Gold and Silver To Be Illegal Beginning July 15

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