Federal Court Orders More than $1 Million in Restitution and Civil Monetary Penalties and Permanently Bans Andrew Kurzbard and His Florida-Based Company, Guardian Asset Group, LLC, for Engaging in Illegal, Off-Exchange Precious Metals Transactions

The U.S. Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Guardian Asset Group, LLC, of West Palm Beach, Florida, and its owner and principal, Andrew Kurzbard, finding that they engaged in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.