New Jersey District Court partially approves Commodity Futures Trading Commission (CFTC) injunction and asset freeze motion on My Forex Funds, Zahid N.Judge Quraishi signed an order partially approving and partially dismissing the CFTC's motion.。

The motion was granted to the extent that the $12,080,000 assets of the company's defendants should remain frozen。The motion was denied and all other assets frozen under a previous restraining order, including defendant Kazmi's personal assets, will be released and returned to the defendant.。

The current temporary receiver was dismissed and no new receiver was appointed。Defendants' books and records no longer need to be made available for inspection before an orderly exchange of evidence under the Federal Civil Rules and the Local Civil Rules。

Instruct the parties to consult on appropriate disclosure language that may be added to the My Forex Funds website。

On August 28, 2023, the CFTC held a meeting with Traders Global Group Inc., a New Jersey company..filed an allegation that the defendant violated the United States Commodity Exchange Act (the "Act") (7 U..S.C § § 1-26) and the corresponding Commission Ordinance (17 C.F.R.pts.1-190 (2022).