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Comment Letter on S.E.C. Rules Change Involving Exchange Traded Fund (ETF) Linked to Copper

Submitted by on October 23, 2012 – 7:04 pm
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In an Oct. 23 letter, AFR urged the Securities and Exchange Commission not to to approve the organization and marketing of a commodity Exchange Traded Fund based on the storage of physical copper. Allowing financial market speculators to physically hoard this vital industrial metal, the letter warned, would be damaging to the economy and would set a very dangerous precedent for other permissible forms of commodity speculation.

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