OSC issues temporary cease trade order against myforexfunds.com
For Immediate Release OSC Enforcement
TORONTO – The Ontario Securities Commission (OSC) issued a temporary cease trade order against Traders Global Group Inc., doing business as myforexfunds.com, and its principal, Muhammad Murtuza Kazmi.
The OSC is investigating possible breaches of securities law by Traders Global Group Inc., an Ontario corporation, and Kazmi, an Ontario resident. These include provisions related to fraud, unregistered trading and the illegal distribution of securities.
Traders Group Global Inc. and Kazmi are not registered with the OSC in any capacity. They are not authorized to offer trading in securities to anyone in Ontario. The temporary cease trade order issued today prohibits further trading in securities by Traders Global Group Inc. and Kazmi.
The OSC acknowledges the assistance provided in this investigation by the Commodity Futures Trading Commission (CFTC). The CFTC announced today that it has filed a complaint against Traders Group Global Inc., its related New Jersey corporation and Kazmi in the United States District Court for the District of New Jersey.
Ontario investors who have been approached by Traders Global Group Inc. or Kazmi should contact the OSC’s Inquiries and Contact Centre at 1-877-785-1555 or [email protected].
The OSC urges investors always to check the registration of any person or business trying to sell them an investment or give them investment advice.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca.
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