CFTC Files Amended Complaint against Daniel K. Steele and His Foreign Currency (Forex) Firm to Include Charges of Fraudulent Misrepresentation, False Statements, and Misappropriation of Approximately $1 Million in Pool Participant Funds Fraud

CFTC release 6962-14 · 2014-07-19 · view on cftc.gov ↗

Key facts

Release number: 6962-14
Release date: 2014-07-19
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6962-14

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.