In this MyForexFunds news update, the Ontario Securities Commission (OSC) is taking serious steps regarding Traders Global Group Inc., also known as myforexfunds.com, and its key player, Muhammad Murtuza Kazmi. The OSC has initiated an investigation into potential rule violations, and as a result, they’ve issued a temporary cease trade order. Let’s dive into the details.
So, what’s the scoop? Traders Global Group Inc. and Kazmi, based in Ontario, are under scrutiny for a few possible breaches. This includes matters like fraud, engaging in unregistered trading, and distributing securities without proper authorization.
Here’s the important context: Neither of these entities is registered with the OSC to engage in securities trading. That means they’re not authorized to offer their services for securities trading in Ontario. To ensure compliance, the temporary cease trade order effectively halts any further securities trading activity by Traders Global Group Inc. and Kazmi.
The OSC appreciates the Commodity Futures Trading Commission (CFTC) for their valuable assistance in this investigation. The CFTC is also taking action – they’ve filed a complaint against Traders Global Group Inc., a related New Jersey corporation, and Kazmi in the United States District Court for the District of New Jersey.
For residents of Ontario who have had interactions with Traders Global Group Inc. or Kazmi, the OSC encourages you to get in touch. You can contact the OSC’s Inquiries and Contact Centre at 1-877-785-1555 or email inquiries@osc.gov.on.ca for support and guidance.
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