The lawsuit brought by the Commodity Futures Trading Commission (CFTC) against Murtuza Kazmi and Traders Global Group Inc., d/b/a “My Forex Funds”, continues at the New Jersey District Court.
Recently, the parties have been engulfed in arguments over information production.
On August 20, 2024, the CFTC sent a letter to the Special Master in this case. The document makes it clear that the CFTC remains eager to move forward with the evidentiary hearing set to begin on September 19, and to litigate its case in chief against the defendants. However, the defendants have asked for additional information.
According to the CFTC, “indulging Defendants’ unsupported quest to review privileged documents that…are not part of the conduct that forms the basis of Defendants’ motion for sanctions will further…
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