Court orders $12M of My Forex Funds’ assets to remain frozen
The Court sided with the CFTC insofar as $12,080,000 of My Forex Funds’ assets shall remain frozen.
The Court sided with the CFTC insofar as $12,080,000 of My Forex Funds’ assets shall remain frozen.
The CFTC moves the Court to approve a preliminary injunction, asset freeze and the appointment of a permanent receiver in the case against My Forex Funds.
CFTC alleges that My Forex Funds minimizes the likelihood that customers trade profitably, by using pretexts to terminate customer accounts.