Now that the Ontario court has ruled, the company will work to get back its client data to “analyze it, evaluate it and then make a decision” on restarting, CEO Murtuza Kazmi said. Photo by Colin Perkel/The Canadian Press/Postmedia files
A court in Canada has unfrozen most assets of MyForexFunds and its chief executive , paving the way for the simulated trading firm previously accused of fraud to resume operations.
The Ontario Superior Court ordered on Friday that Traders Global Group Inc ., as the firm is legally known, be granted access to its client data and nearly all of its funds. They had been managed by a receiver since August 2023, when the United States Commodity Futures Trading Commission sued the company for operating a Ponzi-like scheme — a charge that was later d

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