A U.S. federal judge has dismissed the Commodity Futures
Trading Commission’s (CFTC) complaint against Traders Global Group Inc., the
parent company of My Forex Funds, with prejudice. The court also approved a
sanctions motion against the regulator.
Court Orders CFTC to Pay Fees
In an order signed on May 13, 2025, Judge Edward S. Kiel
ruled in favor of the defendants, directing the CFTC to pay legal fees related
to the sanctions motion. The CFTC’s separate motion to dismiss was denied as
moot.
The defendants have been instructed to submit an affidavit
outlining their fees and costs, following the court’s schedule.
A U.S. federal judge has dismissed the Commodity Futures
Trading Commission’s (CFTC) complaint against Traders Global Group Inc., the
parent company of My Forex Funds, with prejudice. The court also approved a
sanctions motion against the regulator.
Court Orders CFTC to Pay Fees
In an order signed on May 13, 2025, Judge Edward S. Kiel
ruled in favor of the defendants, directing the CFTC to pay legal fees related
to the sanctions motion. The CFTC’s separate motion to dismiss was denied as
moot.
The defendants have been instructed to submit an affidavit
outlining their fees and costs, following the court’s schedule.
This post is originally published on FINANCEMAGNATES.
