The Commodity Futures Trading Commission announced a reorganization of the Division of Enforcement’s task-force structure, consolidating its existing task forces into two new units intended to strengthen its focus on fraud victims and move away from regulation by enforcement. The Complex Fraud Task Force will handle all preliminary inquiries, investigations, and litigation involving complex fraud and manipulation across all asset classes, with Deputy Director Paul Hayeck serving as acting chief. The Retail Fraud and General Enforcement Task Force, led on an acting basis by Deputy Director Charles Marvine, will focus on retail fraud and other general enforcement matters involving violations of the Commodity Exchange Act. The streamlined structure is also intended to enhance governance and oversight of enforcement matters and improve consistency, fairness, and due process.
Commodity Futures Trading Commission 2025-02-04
Commodity Futures Trading Commission reorganizes Enforcement Division task forces into Complex Fraud and Retail Fraud units
The Commodity Futures Trading Commission has reorganized the Division of Enforcement, consolidating task forces into two units to enhance focus on fraud victims and governance. The Complex Fraud Task Force, led by Deputy Director Paul Hayeck, will address complex fraud and manipulation, while the Retail Fraud and General Enforcement Task Force, under Deputy Director Charles Marvine, will focus on retail fraud and general enforcement. This restructuring aims to improve consistency, fairness, and due process in enforcement.