This book exposes the inner workings of the regulated commodities trading industry, shedding light on the practices and malpractices that reigned there before the 1930s. Centered around commodity counselors, who traded in exchange for a portion of their clients' profits or losses, the text analyzes their deceptive practices and offers a historical account of their evasion techniques. From the perspective of the period, it highlights the need for effective regulation within the commodities exchanges, which, as the book suggests, came into play in the late 1930s. The book offers valuable insights into the world of commodity trading and its evolution toward a more accountable system.

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