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Commodity Futures Trading Commission 

CEA CASES 

NAME: DANIEL A. DE LATTRE 

DOCKET NUMBER: 122 

DATE: OCTOBER 13, 1964 

DOCUMENT TYPE: COMPLAINT 

UNITED STATES DEPARTMENT OF AGRICULTURE 

BEFORE THE SECRETARY OF AGRICULTURE 

In re: Daniel A. de Lattre, Respondent 

CEA Docket No. 122 

Complaint and Notice of Hearing Under Section 6(b) of the Commodity Exchange 

Act 

There is reason to believe that the respondent, Daniel A. de Lattre, has 

violated the Commodity Exchange Act (7 U.S.C. 1 et seq.), and the regulations 

made pursuant thereto (17 CFR, Part 1), and in accordance with the provisions of 

section 6(b) of the said act (7 U.S.C. 9), this complaint and notice of hearing 

is issued stating the charges in that respect as follows: 

I 

The respondent, Daniel A. de Lattre, an individual whose business address is 

343 South Dearborn Street, Room 203, Chicago, Illinois, is now and was at all 

times material herein, a registered futures commission merchant and floor broker 

under the Commodity Exchange Act, and a member of the Chicago Open Board of 

Trade and the Chicago Mercantile Exchange, both duly designated contract 

markets. 

II 

During the period May 2, 1961, through March 6, 1963, the respondent, having 

received approximately $ 5,000 from a customer to margin and secure futures 

contracts in commodities under the Commodity Exchange 

Act, executed futures transactions for the customer, but failed to keep the 

funds received and accruing to the customer and the customer's contracts 

separate or segregated from the respondent's own funds and contracts. During 

the same period, the respondent maintained no record showing the amount of money 

held for said customer or the transactions made for his account, and sent him no 

statements or accountings. 

III 

By reason of the acts and omissions described in paragraph II, the respondent 

failed to treat and deal with the funds of a customer as belonging to the 

customer, failed to segregate and to account for the funds, commingled the funds 

with funds belonging to the respondent, failed to maintain required records, and 

failed to send the customer required statements, in wilful violation of sections 

4d(2) and 4g of the Commodity Exchange Act (7 U.S.C. 6d(2), 6g), and sections 

1.20, 1.21, 1.32, 1.33, 1.34 and 1.35 of the regulations made pursuant thereto 

(17 CFR 1.20, 1.21, 1.32, 1.33, 1.34, 1.35). 

WHEREFORE, it is hereby ordered that this complaint and notice of hearing be 

served upon the said respondent. The respondent will have twenty (20) days 

after the receipt of this complaint in which to file with the Hearing Clerk, 
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United States Department of Agriculture, Washington, D. C. 20250, an answer with 

an original and three 

copies, fully and completely stating the nature of the defense and admitting or 

denying specifically and in detail, each allegation of this complaint. 

Allegations not answered will be deemed admitted for the purpose of this 

proceeding. Failure to file an answer will constitute an admission of all the 

allegations of this complaint and a waiver of hearing. The respondent is hereby 

notified that unless hearing is waived, either expressly or by failure to file 

an answer, or by filing an answer in which all of the material allegations of 

fact contained in the complaint are admitted and a hearing is not requested, a 

hearing will be held at 10:00 a.m., local time, on the 18th day of November 

1964, in Chicago, Illinois, at a place therein to be specified later, before a 

referee designated to conduct such hearing. At such hearing the respondent will 

have the right to appear and show cause, if any there be, why an order should 

not be made suspending or revoking the registration of the respondent as a 

futures commission merchant and floor broker, and directing that all contract 

markets refuse all trading privileges to the respondent for such period of time 

as may be determined. 

It is ordered that this complaint and notice of hearing be served on the 

respondent at least twenty (20) days prior to the date set for hearing. 

Done at Washington, D. C. 

OCT 13 1964 

[SEE SIGNATURE IN ORIGINAL] 

George L. Mehren 

Assistant Secretary 

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