My Forex Funds Parent Defeats CFTC in Court as Judge Imposes Sanctions
By: finance magnates|2025/05/15 00:15:05
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A U.S. federal judge has dismissed the Commodity FuturesTrading Commission’s (CFTC) complaint against Traders Global Group Inc., theparent company of My Forex Funds, with prejudice. The court also approved asanctions motion against the regulator. Court Orders CFTC to Pay Fees In an order signed on May 13, 2025, Judge Edward S. Kielruled in favor of the defendants, directing the CFTC to pay legal fees relatedto the sanctions motion. The CFTC’s separate motion to dismiss was denied asmoot. The defendants have been instructed to submit an affidavitoutlining their fees and costs, following the court’s schedule. A U.S. federal judge has dismissed the Commodity FuturesTrading Commission’s (CFTC) complaint against Traders Global Group Inc., theparent company of My Forex Funds, with prejudice. The court also approved asanctions motion against the regulator. Court Orders CFTC to Pay Fees In an order signed on May 13, 2025, Judge Edward S. Kielruled in favor of the defendants, directing the CFTC to pay legal fees relatedto the sanctions motion. The CFTC’s separate motion to dismiss was denied asmoot. The defendants have been instructed to submit an affidavitoutlining their fees and costs, following the court’s schedule.
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