My Forex Funds (Why No Longer Exists?)

My Forex Funds no longer exists following a regulatory shutdown by the U.S. Commodity Futures Trading Commission (CFTC).

The CFTC froze the company's assets in August 2023, claiming that it and its founder, Murtuza Kazmi, ran a \\$300 million fraud. This included an abrupt closing of operations and erasing its website. But it was later revealed that significant evidence utilized to invoke the freeze—i.e., a CAD 31.5 million wire transfer—was an authentic Canadian tax payment. The case in 2025 was rejected by a federal judge, who sanctioned the CFTC for abuse. Despite being cleared, the image, money, and infrastructure of My Forex Funds were already tarnished, and the firm was not able to recover.