Exemptions

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The provisions of this chapter shall not apply to the following:

  1. (1) Transactions involving the sale or transfer of precious metals by a wholesale jeweler to a retail jeweler or licensed dealer;

  2. (2) Transactions involving coins regardless of whether or not such coins contain precious metals;

  3. (3) Any financial institution which is covered by federal or state deposit insurance;

  4. (4) Any person doing business under the laws of this state or the United States relating to any broker-dealer or commodity futures commission merchant or commodity trading advisor or agent duly registered and regulated by the State Securities Department or the United States Commodity Futures Trading Commission; or

  5. (5) Pawn brokers.


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