David Meister, a white-collar partner at Skadden, Arps, Slate, Meagher & Flom, is leaving the firm to become the director of enforcement at the Commodity Futures Trading Commission. Mr. Meister, a former assistant Southern District U.S. attorney, joins the CFTC as it prepares to take on broader enforcement responsibilities and powers under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The CFTC under the act has oversight over much of the derivatives market. Gary Gensler, the commission’s chairman, in a statement said Mr. Meister’s background would be “invaluable” as the CFTC “implements Dodd-Frank’s provisions against fraud, manipulation and other disruptive trading practices.”
Mr. Meister joined Skadden in December 2008 from Clifford Chance. In the U.S. attorney’s office, Mr. Meister was a member of its securities and commodities fraud task force. In a statement, he said he was “committed” to working with the CFTC “to find and prosecute those who perpetrate fraud, manipulation and other abusive practices in the futures and swap markets.”
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