# 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

> CFTC release 6962-14 · 2014-07-19 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6962-14, "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", 2014-07-19. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/cftc-action/6962-14.

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