My Forex Funds - Discussion/Q&A

Not sure you read it right. But its all about opinion i guess.

I have read...I remember when i have buyed last evaluation there was now one to answer about problems but they wanted always to grab people's money, i don't belive in such a claims that inspectors have come and colsed the doors etc etc at last last 2 months things was not OK...

I dont know what you mean. But they didn't have any problems until they were frozen. Who knows what the outcome will be from all this, right now its allegations we have to wait for court.

WHEN I TRY TO ACCES TO WEB SITE FROM MY MOBILE I GET THESE MESAGE
TEMPORARY RECEIVERSHIP
Anthony Sodono, III, Esq., was appointed as temporary receiver (“Temporary Receiver”) in a civil action captioned Commodity Futures Trading Commission v. Traders Global Group Inc., et al., Case No. 3:23-cv-11808 ZNQ-TJB, pending in the United States District Court for the District of New Jersey, Trenton vicinage (“District Court”). We designed this website to provide convenient access to information about the Receivership and contact information for the Temporary Receiver. As our work progresses, we will update relevant information to this website.
As a brief summary, the Commodity Futures Trading Commission (“CFTC”) filed a civil enforcement action in Federal District Court against the following Defendants: Traders Global Group Inc., a New Jersey corporation d/b/a My Forex Funds; Traders Global Group Inc., a Canadian business (collectively, “Traders Global”); and Murtuza Kazmi (collectively, the “Defendants”). The CFTC has alleged, among other things, that: (a) the Defendants entered into leveraged foreign exchange and commodity transactions with retail customers, and those transactions qualify as “retail forex transactions” and “retail commodity transactions”; (b) Traders Global has never been registered with the CFTC as a Registered Foreign Exchange Dealer and has never entered into any retail commodity transactions on an exchange registered with the CFTC; further, Traders Global has entered into, executed, and transacted in retail commodities not on any exchange registered with the CFTC; and (c) Defendants have made, with scienter, material misrepresentations and misstatements to customers and omitted material facts regarding Traders Global’s role as a counterparty to customers’ trades, the source and basis of any customer profits, and deceptive devices designed to reduce the likelihood and amount of profitable trading by a customer.
When necessary, the CFTC has sought the appointment of a receiver to assist in marshalling assets and to take control of the businesses and assets of defendants by, in part, freezing a defendant’s assets and for the inspection of defendant’s financial records. The District Court entered an Order on August 29, 2023, appointing the Temporary Receiver, with the full powers of an equity receiver for Defendants and all of the affiliates and subsidiaries owned or controlled by Defendants (collectively, the “Receivership Defendants”), so that the Temporary Receiver may preserve assets, investigate and determine customer claims, determine unlawful proceeds retained by the Receivership Defendants and amounts due to customers as a result of the Defendants’ alleged violations, and distribute remaining funds under the District Court’s supervision. The District Court also found good cause to require an accounting by Defendants to the Temporary Receiver to determine the location and disposition of customer funds and to order repatriation of assets controlled by Defendants so those assets could be controlled by the Temporary Receiver and to assure payment of restitution and disgorgement as authorized by the District Court.
The Temporary Receiver intends to fulfill his duties and responsibilities in an expedient and efficient manner. The District Court overseeing this Receivership has broad powers and wide discretion to determine the appropriate relief. If you require further information not contained in this website, you may contact us using the form below.

Yes its a TEMPORARY restraining order. It requires a court case.

https://www.financemagnates.com/fore...freeze-assets/

The CFTC additionally claimed that My Forex Funding had cheated financial backers by abusing their assets and taking part in unapproved exchanging. Because of the OSC and CFTC orders, MFF has been successfully closed down. Pioneer and President, Anurag Jaiswal, was banned from partaking in the protections business.

Possible good news?
- maybe people will be able to get their money back?

reading this admission of breach of trade rules from the poor trader who did not commit any mistakes then from his side but actually a big scam move by MFF,now FULLY EXPOSED as SCAM Prop Firm,made me laugh out loud after 10 years.Luckily still alive to witness how this prop firms scam lots of people