Research|September 17, 2012 7:00 am

CFTC Orders LMC Asset Management, Inc. to Pay $140,000 Civil Penalty for Forex Registration Violations

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

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CFTC Orders LMC Asset Management, Inc. to Pay $140,000 Civil Penalty for Forex Registration Violations

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