It shall be an affirmative defense to any prosecution or administrative
proceeding brought for the violation of any section of this chapter
pertaining to the retention of articles obtained in the course of
business operations that, in the case of precious metals, retention
for the time period required would have resulted in serious and substantial
economic losses to the dealer, or that the probability of such losses
was significant due to rapid and highly fluctuating market conditions,
provided that the persons so charged shall prove the existence of
the market conditions giving rise to the aforesaid defense by a preponderance
of the evidence. Market conditions, in order to be a defense hereunder,
must be such that financial analysts would clearly distinguish trading
conditions from normal variations in market movement in response to
economic news or other events.
All federal, state, municipal, criminal and civil laws hereby are applicable, and in no way should it be construed that Chapter
3-399, Penalty, shall in any way negate any such laws, but rather is in addition thereto. Any person who violates the provisions of this chapter shall be subject to Chapter
3-399, Penalty, of these Codified Ordinances.