CFTC: 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) today announced that Judge Kenneth A. Marra of the U.S. District Court for the Southern District of Florida entered a Consent Order against Guardian Asset Group, LLC (Guardian) of West Palm Beach, Florida, and its owner and principal, Andrew Kurzbard, with a last-known address in Hacksneck, Virginia, finding that Guardian and Kurzbard engaged in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.