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Safeguards are needed in a state known as a hot spot.
Letter to editor:
I, as well as the many honest , customer oriented dealers in precious metals in the Twin Cities agree that these people who conduct business fraudulently should be prosecuted for their criminal behavior. They give the entire industry a bad name. The proposed law, which has some good features falls short of the goal in some respects. There are already existing laws which regulate fraudulent activity by the FTC and states attorney generals. Prosecuting can be difficult however due to overload of these agencies. I applaud Attorney General Swansons' efforts to bring this to local control. The law as drafted needs some revised language which will enhance the purpose of the legislation, which is stopping these fraudulent businesses in their tracks. I and other professionals in the state have offered our time and experience to open a better dialogue and understanding of the goal of protecting citizens, young and old.
Gary Adkins, President
Gary Adkins Associates, Inc.
Caveat emptor. If a deal sounds too good to be true, it probably is.
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