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CFTC may lose case against My Forex Funds due to regulator’s misconduct
CFTC Commissioner Caroline D. Pham has finally come forward regarding the CFTC v. Traders Global Group lawsuit, which alleges that My Forex Funds (MFF) practiced fraud. “I am seriously concerned about the Commission’s rush to the wrong side of history because we are failing to put in the bare minimum amount of work necessary to get it right.” Caroline Pham admonished the CFTC’s misconduct during the process, which may eventually hurt the agency’s chances of winning in court. “The alleged fraud in this case is reprehensible, and it is my hope that justice will be served and that the victims are made ... (full story)