MyForexFunds CEO Murtuza Kazmi has broken his silence of more than two years. He has just released an important official announcement. This statement updates the community on the company’s legal status and current operations.
MyForexFunds: CEO Murtuza Kazmi breaks two year silence
In his message to the community, Kazmi opened with a heartfelt thank you. He thanked the MyForexFunds community for their unwavering support throughout the challenging period. The CEO stressed that their support was a “huge, unforgettable source of strength” for the business.
CEO Kazmi referred to the company’s closure in 2023, which was the result of the US Commodity Futures Trading Commission (CFTC) taking legal action against MyForexFunds, which he described as unfair. Kazmi claimed the company was deprived of the right to defend itself against “very serious allegations” from the CFTC.
The announcement highlights a major legal victory in early 2025. In May, a US federal judge dismissed the CFTC’s lawsuit in its entirety. The ruling also fined the regulator and ordered it to pay MyForexFunds attorneys’ fees. The court concluded that the CFTC “made false statements in an attempt to shut down our business.” Kazmi called the decision a “complete vindication” of the company in the US market.
Mr. Kazmi also mentioned positive developments in Canada. The Ontario court recently decided to reduce the scope of MyForexFunds’ conservatorship. The court ordered the return of most of the company’s cash. The process of ending the conservatorship and recovering the business assets is still ongoing.
While expressing confidence in the future, Kazmi stressed that the company has not yet been able to determine a detailed roadmap for restarting operations. The CEO pledged to maintain continuous updates and transparency as the regulatory situation develops.
The CEO also warned the trading community about fake news spreading on social media, saying that people should only trust official announcements from MyForexFunds or legal documents from the court.
Kazmi closed the message by thanking his supporters once again. He also hinted at upcoming announcements, saying: “We’ll have more information soon…”
The announcement is the first significant update from MyForexFunds since the lawsuit was dismissed, marking a potential step in its efforts to rebuild the company after one of the most high-profile legal disputes in the proprietary trading space.
Introduction to MyForexFunds
My Forex Funds (MFF) was established in Canada in 2020 and quickly became a prominent name in the proprietary trading industry. Despite being relatively new, MFF has attracted a large number of traders thanks to its flexible strategies. They offer three unique funding programs, each specifically designed to suit all trading levels and styles.
A standout feature of their programs is that traders can start trading without going through any preliminary evaluation. Successful traders may gain access to company accounts with capital of up to $2 million. Additionally, they are entitled to keep a portion of the profits generated from their trades, providing strong incentives to enhance their skills and maximize capital management efficiency.
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