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.

The sanctions result from a recommendation by Special Master Jose L. Linares, who urged the court to dismiss the case with prejudice and impose penalties on the CFTC. He stated the agency misled the court in its enforcement action against Traders Global.

Linares noted that the CFTC had made errors in a sworn declaration and took steps to obfuscate. The court redacted the names of those responsible, but prior filings indicate involvement of CFTC’s lead attorney Ashley Burden and investigator Matthew Edelstein.

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 article was written by Tareq Sikder at www.financemagnates.com.Retail FXRead More

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