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SECURITIES

From Times Staff and Wire Reports

Frankwell to Reopen: The firm, whose trading operations in three states were shut down by the Commodity Futures Trading Commission, plans to reopen within the next two weeks. U.S. District Judge Lowell Jensen earlier this week lifted a temporary restraining order issued in June and dissolved a receivership of Frankwell Bullion Ltd. assets. “This decision confirms our position that the raid on Frankwell and the shutdown of its trading activities were totally unjustified,” said Gary Benton, the Hong Kong-based firm’s attorney. Regional attorneys for the CFTC were not available for comment. Jensen froze Frankwell’s assets when the CFTC accused the firm in a civil suit of illegally selling contracts that speculated on the future price of gold, silver and foreign currencies.


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