MyForexFunds, a renowned prop company, has unexpectedly run into major operational challenges. The company revealed that regulatory bodies in both Canada and the US had filed orders preventing them from accessing their bank accounts and trading securities. The business operations of the company have therefore been essentially stopped, at least temporarily.

The prop company has stated that it intends to interact with the regulatory organizations to allay their worries. The first court date for reviewing the freezing orders is set for September 11 in the US, while a second hearing is scheduled for later that same week in Canada.

MyForexFunds is dedicated to resolving this issue quickly and will keep you informed as things develop.