The legal representatives of Traders Global Group, operating as My Forex Funds, are seeking sanctions against the Commodity Futures Trading Commission (CFTC). In a motion filed yesterday (Thursday), the lawyers allege that the regulator knowingly misrepresented facts and its “staff acted in bad faith.” “Recognizing that sanctions are an extraordinary remedy, they are necessary here to condemn and redress the CFTC’s serious abuse of the ex parte process and its authority as a government enforcement agency,” the motion filed in a New Jersey court stated. As a part of the sanctions, the motion is "at a ... (full story)