My Forex Funds Fiasco: Will the CFTC Be Sanctioned Like the SEC in the DEBT Box Case?
After the Securities and Exchange Commission (SEC) was approved previously this month, with orders to pay the legal expenses of DEBT Box, the Commodity Futures Trading Commission (CFTC) is now safeguarding itself versus one such movement brought by My Forex Funds, calling it "an evident effort to strongarm a more beneficial settlement." The prop trading company, which is dealing with scams claims, is mentioning the resemblances of "gross abuse of power" by the SEC, as highlighted by the court order, in dealing with the DEBT Box case with the CFTC's misrepresented truths and its "personnel [that] acted in bad faith."CFTC's Defense versus Sanctions In a movement submitted previously this month, My Forex Funds looked for sanctions versus the CFTC declaring that the regulator purposefully misr...