MyForexFunds secures dismissal of CFTC case after judge finds misleading statements

More than two years after MyForexFunds was shut down following proceedings brought by the U.S. Commodity Futures Trading Commission (CFTC), the proprietary trading firm has taken initial steps to rebuild communications with its global community following favourable court rulings in the U.S. and Ontario.

In May 2025, a U.S. federal judge found that the CFTC included misleading statements in its filings, dismissed the CFTC's case and awarded MyForexFunds attorney's fees.

Murtuza Kazmi, CEO of MyForexFunds, said:

"We have always maintained our innocence, and this decision is a complete vindication for MyForexFunds in the United States. To our tremendous community, thank you for standing with us. Your belief in MyForexFunds was a great source of strength during this tumultuous time."

Following the U.S. ruling, an Ontario court over the past month issued an endorsement that significantly scaled back the receivership and retained only a limited portion of funds in escrow. The court directed the return of the remaining business assets to MyForexFunds.

Before the forced shutdown, MyForexFunds grew from an Ontario, Canada start-up to the world's largest proprietary trading firm, serving traders in more than 80 countries and supported by a global team of 150 staff members.

MyForexFunds is in the process of unwinding the receivership and conducting a full financial and operational review with counsel and advisors. The company will make further material announcements after this review is complete.

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