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CFTC's New Head of Enforcement

November 2, 2010

CFTC Chairman Gary Gensler introduced David Meister as the new Director of Enforcement.  Mr. Meister, a former federal criminal prosecutor, has nearly 25 years of experience in investigations, litigation and trials involving fraud and other complex schemes relating to U.S financial markets.  Vincent McGonagle, who's served as Acting Director of Enforcement since last October, will continue in that capacity until Mr. Meister comes on board.  Mr. McGonagle succeeded Acting Director Stephen Obie after he returned to his position as Regional Administrator of the CFTC’s New York office.

David Meister currently is with Skadden, Arps, Slate, Meagher & Flom LLP, where he's been a partner in the firm's White Collar Crime group.  He previously served as an Assistant U.S. Attorney assigned to the Southern District of New York - there, he was a member of that Office's Securities and Commodities Fraud Task Force.   His criminal cases involved market manipulation, insider trading, bank, securities and commodities fraud,  as well as accounting irregularities, obstruction of justice and other federal criminal violations.  [CFTC PR 5930-10, 11/1]