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CFTC Names David I. Miller Director of Enforcement

The move prioritizes policing fraud, abuse, and manipulation over policy-making.

Overview

  • Chairman Michael S. Selig confirmed the appointment and directed the division to focus on market misconduct rather than setting policy.
  • Paul Hayeck, acting since June 2025, will lead the Enforcement Division’s Complex Fraud Task Force.
  • Miller joins from private practice at Greenberg Traurig and Morgan Lewis and previously served as an assistant U.S. attorney in the Southern District of New York.
  • Reporting describes enforcement capacity strains, including claims the Chicago office had no enforcement attorneys in February, and a sharp drop in FY2025 monetary relief compared with FY2024.
  • The leadership shift comes as the CFTC seeks wider oversight of digital-asset platforms and prediction markets, with lawmakers considering proposals to expand the agency’s authority.