@deltatrendtrading: 🚨 BREAKING: A federal judge just tossed the CFTC’s $310 M fraud suit against My Forex Funds, and slapped the regulator with sanctions. Turns out the agency hid an Ontario Securities Commission email proving that the “$31.5m transfer” was legit tax, not money-laundering. 🤯 Judge Edward Kiel adopted Special Master José Linares’ report, ruled the CFTC acted “willfully & in bad faith,” and ordered them to pay My Forex Funds’ legal fees. Acting Chair Caroline Pham called the misconduct “inexcusable” and benched multiple staffers. Why you should care: First time a U.S. regulator has been sanctioned this hard over a prop-firm-style case. Sets a brutal precedent right before the new Retail Fraud Task Force starts hunting unregistered evaluation-fee models. Check your firm on NFA BASIC tonight—silence = red flag. #MyForexFunds #CFTC #RetailFraudTaskForce #CarolinePham #propfirm #proptrading #forex #futures #derivatives #trader #daytrading #scamalert #financialregulation #quantfinance #law #markets #DeltaTrend

Thomas

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Sunday 13 July 2025 03:19:25 GMT