# 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

> CFTC release 7561-17 · 2017-05-24 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 7561-17
- **Release date:** 2017-05-24
- **Type:** Other enforcement
- **Title:** 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
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7561-17

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7561-17, "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", 2017-05-24. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/cftc-action/7561-17.

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