Le Lézard
Classified in: Business
Subject: LAW

Alex Spiro and Team from Quinn Emanuel Retained to Represent My Forex Funds (MFF) Against CFTC Allegations

VAUGHAN, ON, Sept. 25, 2023 /CNW/ - My Forex Funds has retained the legal team at Quinn Emanuel Urquhart & Sullivan, LLP, led by Alex Spiro, Rob Zink, Michael Shaheen, and Dakota Speas, to vigorously investigate and defend against the allegations made by the Commodity Futures Trading Commission (CFTC).

On August 29, 2023, the CFTC filed a civil enforcement action in federal district court against My Forex Funds and Murtuza Kazmi. The CFTC also obtained, without notice, a broad restraining order freezing all assets held by the company and Mr. Kazmi, pending legal proceedings.  My Forex Funds and Mr. Kazmi vehemently dispute the allegations brought forth by the CFTC.

My Forex Funds, including its legal team, is fully committed to addressing these allegations professionally and through the appropriate legal channels. Furthermore, My Forex Funds has engaged legal counsel in Canada to address similar proceedings initiated by the Ontario Securities Commission.

It is essential to emphasize that My Forex Funds has a steadfast commitment to the integrity of its operations and has never defrauded its traders.  The company looks forward to presenting its side of the story in a court of law.

My Forex Funds regrets the challenges and uncertainties this legal action has caused its traders and staff.

SOURCE My Forex Funds

These press releases may also interest you

at 08:00
Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the "Company" or "GlobalX"), which operates the Miami-based airline GlobalX, has announced the creation of UrbanX Air ("UrbanX"), a wholly-owned subsidiary of GlobalX to...

at 07:59
Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a $1,000,000 pledge to the NAED Education & Research Foundation (NERF) to support their Next Level Now campaign. Schneider Electric is...

at 07:53
Globant , a digitally native company focused on reinventing businesses through innovative technology solutions, today announced the acquisition of a majority stake in GUT, an independent creative agency, to...

at 07:45
Entourage Health Corp. ("Entourage" or the "Company"), a...

at 07:43
On 10 January 2023, Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), announced a voluntary public cash tender offer for all the issued...

at 07:35
Golconda Gold Ltd. ("Golconda Gold" or the "Company") is pleased to announce the release of its financial results for the three and nine months ended September 30, 2023. A copy of the unaudited condensed consolidated interim financial statements...

News published on and distributed by: