Ian McGinley is the latest to announce his departure from the Commodity Futures Trading Commission (CFTC), effective 17 January.
He has been director of enforcement at the commission since February 2023, focusing on areas including digital asset enforcement, insider trading, cybersecurity and emerging technology, and the enhancement of surveillance and analytics capabilities.
READ MORE: CFTC fines Nasdaq Futures over “false and misleading statements”
The news follows chairman Rostin Benham’s announcement of his departure from the commission last week, effective 20 January.
The majority of McGinley’s almost 20-year career has been spent as assistant US attorney and unit chief for the Southern District of New York, a role he held between 2011 and 2021. Prior to this, he was a law clerk for the US District Court in the Eastern District of Pennsylvania.
On his departure, McGinley said: “I have always said the division punches far above its weight. Consistently obtaining judgments multiples greater than the CFTC’s entire budget, the Division of Enforcement works tirelessly on behalf of the American people, bringing some of law enforcement’s most complex and impactful cases.”
Behnam added: “Under Ian’s leadership, the division has brought first of their kind cases in both traditional and emerging markets, published cutting-edge guidance, and reorganized and consolidated our analytical units to strengthen the agency’s ability to detect misconduct. On behalf of the entire CFTC, I thank Ian for returning to public service and leading the division during this critical time.”
©Markets Media Europe 2024
