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Show Either rule or company must go London Commodity Options, a Salt Lake City based company, has filed a complaint in U.S. District Court, Salt Lake, requesting that the Commodity Futures nullify one of its regulations. With 17 offices in the country. London has filed the action for declaratory judgement, claiming if the regulation is not removed it will put the company out of business. In order for customers to Trad-ingCommissi- on purchase commodity options, the complaint states, the required cash purchase payment must be delivered to London Commodity, who then executes the trade through a clearing member on one of the English commodity exchanges. London next forwards the required amount of purchase money to the clearing member. Upon exercise of the option or lapse of the option period, the funds are released by the clearing member to the commodity option writer. In December 1976, the complaint continues, the Trading Commission adopted a requirement that exchanges separately account for 90 percent of customers monies and to keep said monies in the United States until expiration of the term of the purchased option or, if the option customer exercises the option, until all rights of the customer under the commodity option have been fulfilled. The result of the rule, the company claims, is to require it to keep its customers money in the United States and to provide separate and distinct funds, other than those of the customer, to able to obtain sufficient funds to cover the cost of procuring commodity options for its customers without the use of their funds. According to the complaint, London will be unable to continue its business if the Trading Commission docs not immediately stop enforcing the regulation. "Other means of protectthe ing public arc available which will equally well protect the public without putting plaintiff out of business," the complaint states. In an affidavit submitted by Scott D. Gordon, London president, an example is given showing it would take S5.100 to execute a $3,000 transaction under current regulations, $2,100 of which must be supplied by London. According to the example, a customer might purchase an option for $3,000. Ninety premt of that sum ($2,700) must be placed in a bank account in the U.S., good reasons to call Transfer Company 3 $2,000 is paid to a broker in London and $400 is paid to salespeople for commission. Only $300 of the customers money is used to meet the immediate cost of the transaction, and London must use $2,100 of its own funds, above and beyond the customer's $3,000, plus pay operating- e expenses. (Ms door on time. 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If you see yourself as one of those people, we want to hear from you right away. You are under We There is one more reason to call Priority Transfer Company. They get the freight to your door on time for much less money than air freight forwarders. We have given you 3 good no obligation whatsoever. For further information absolutely free please contact: - When you or your customer has a deadline to meet the last thing you need to worry about is whether the air freight will be here or not. Priority Transfer Company gets the freight to your - reasons. Now call Priority Transfer Company and ask what it costs to get the freight to your door on time. PBBBBBBHMIBHIB iB IB Priority Transfer Company International Airport 84122 SLC B transact business. I London claims it is un SPACE SAVER MOBILE FILING AND STORAGE SYSTEMS THE PRODUCTS. storage systems and . . Coda-Col- or misfiles.. 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