What is the current state of the law on foreign exchange transactions?
MultiRegion, United States of America
The following excerpt is from Tannenbaum v. Zeller, 552 F.2d 402 (2nd Cir. 1977):
The final development was the Securities Act Amendments of 1975, which generally forbade exchange transactions for one's own account or that of an associate, as well as the imposition of fixed rates of commission by national securities exchanges the cause of the whole problem. See Fogel v. Chestnutt, supra, at 734-44. 6
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