Simulated Trading Firm Accused of Fraud Clears Hurdle to Restart

A court in Canada has unfrozen most assets of MyForexFunds and its chief executive officer, paving the way for the simulated trading firm previously accused of fraud to resume operations.

The Ontario Superior Court ordered on Friday that Traders Global Group Inc., as the firm is legally known, be granted access to its client data and nearly all of its funds. They had been managed by a receiver since August 2023, when the US Commodity Futures Trading Commission sued the company for operating a Ponzi-like scheme — a charge that was later dismissed.