CFTC Orders LMC Asset Management, Inc. to Pay $140,000 Civil

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CFTC Orders LMC Asset Management, Inc. to Pay $140,000 Civil Penalty for Forex Registration Violations
07/18/2012 02:26 PM EDT


The CFTC today issued an order settling charges that LMC Asset Management, Inc. of Deerfield Beach, Fla., exercised discretionary trading authority over customers’ accounts in retail, leveraged foreign currency (forex) transactions, without being registered with the CFTC as a Commodity Trading Advisor.
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