We understand that legal matters can be complex and confusing, and we want to make sure you have access to clear and concise information regarding the recent developments in the case of Commodity Futures Trading Commission v. Traders Global Group Inc., et al. In an effort to keep you informed, we’ve created this website as a convenient resource, providing details about the Temporary Receivership and how to get in touch with the Temporary Receiver, Anthony Sodono, III, Esq.
Background:
On August 29, 2023, Anthony Sodono, III, Esq., was appointed as the Temporary Receiver by a Statutory Restraining Order entered in the civil action at the United States District Court for the District of New Jersey, Trenton vicinage. The case, titled Commodity Futures Trading Commission v. Traders Global Group Inc., et al., Case No. 3:23-cv-11808 ZNQ-TJB, initiated the temporary receivership.
Defendants and Allegations:
The civil enforcement action was filed by the Commodity Futures Trading Commission (CFTC) against Traders Global Group Inc., a New Jersey corporation doing business as My Forex Funds; Traders Global Group Inc., a Canadian business (collectively, “Traders Global”); and Murtuza Kazmi (collectively, the “Defendants”).
The CFTC alleges that the Defendants violated certain provisions of the Commodities Exchange Act and CFTC regulations. The specific allegations include engaging in fraud in connection with retail forex transactions, fraud in connection with off-exchange transactions in retail forex and retail commodities, acting as an unregistered retail foreign exchange dealer (“RFED”), acting as an unregistered RFED associated person, and engaging in off-exchange retail commodity transactions.
Current Status:
It’s important to note that the Defendants dispute the CFTC’s allegations, and there has been no final determination by the court regarding their liability. As of now, the Temporary Receiver, Anthony Sodono, III, Esq., does not have the authority to return or refund any money. The legal process is ongoing, and we commit to updating this information as the case progresses.
We appreciate your understanding and patience as we navigate through these legal proceedings. If you have any questions or need further information, please don’t hesitate to contact the Temporary Receiver using the provided contact details on this website. We are dedicated to keeping you informed and will ensure that relevant updates are promptly shared.