VAUGHAN, ON, Sept. 25, 2023 /CNW/ – My Foreign exchange Funds has retained the authorized group at Quinn Emanuel Urquhart & Sullivan, LLP, led by Alex Spiro, Rob Zink, Michael Shaheen, and Dakota Speas, to vigorously examine and defend in opposition to the allegations made by the Commodity Futures Buying and selling Fee (CFTC).
On August 29, 2023, the CFTC filed a civil enforcement motion in federal district court docket in opposition to My Foreign exchange Funds and Murtuza Kazmi. The CFTC additionally obtained, with out discover, a broad restraining order freezing all belongings held by the corporate and Mr. Kazmi, pending authorized proceedings. My Foreign exchange Funds and Mr. Kazmi vehemently dispute the allegations introduced forth by the CFTC.
My Foreign exchange Funds, together with its authorized group, is totally dedicated to addressing these allegations professionally and thru the suitable authorized channels. Moreover, My Foreign exchange Funds has engaged authorized counsel in Canada to handle comparable proceedings initiated by the Ontario Securities Fee.
It’s important to emphasise that My Foreign exchange Funds has a steadfast dedication to the integrity of its operations and has by no means defrauded its merchants. The corporate seems ahead to presenting its facet of the story in a court docket of legislation.
My Foreign exchange Funds regrets the challenges and uncertainties this authorized motion has precipitated its merchants and employees.
SOURCE My Foreign exchange Funds
For additional info: Firm: Merchants World Group Included; Metropolis: Vaughan; Province: Ontario; Identify: Murtuza Kazmi, E-mail: , Net: www.myforexfunds.com
