MyForexFunds case update - potential good news?

I’m clueless. Any ideas?

Sorry, meant to share

Do your own research though. I’m not sure what will happen in the future. Let’s see how it goes.

1 Like

nobody knows much yet

especially Kathy Lien who doesn’t even have all the facts correct

on 14th November the New Jersey court partially granted My Forex Fund’s request in the lawsuit filed by the CFTC - it ordered the release and return of most of the assets belonging to the founder and CEO, Murtuza Kazmi, valued at approximately $100 million

the court also discharged the current temporary receiver and ruled against appointing a new one

it has granted an extension until January 22, 2024, for the defendants to respond to the complaint, allowing more time for discussions … so the chance of this turning into an out-of-court settlement (as these things often do) may have increased

bottom line: nobody has “won” because the case has not yet been heard


I wonder how long they can drag this out.