Commodity Futures Trading Commission Acting Chairman Caroline D. Pham today announced Paul G. Hayeck as the Acting Director of the Division of Enforcement. Hayeck has served at the CFTC for 25 years and has been a deputy director in the Division of Enforcement since 2013. He will continue to serve as the acting chief of the Division’s Complex Fraud Task Force.
“I’ve been impressed with Paul’s deep expertise and skill since I was a CFTC enforcement intern over 15 years ago,” said Acting Chairman Pham. “Paul’s unwavering commitment to integrity and fairness is the kind of strong leadership we need at the CFTC. His accomplishments as Acting Chief of the Complex Fraud Task Force and his extensive experience at the CFTC make him well suited to lead the Division of Enforcement. I’ve never been more confident in the CFTC’s mission to protect our markets, hold fraudsters accountable, and help victims with Paul in charge.”
“I want to thank Acting Chairman Pham for the opportunity to lead the Division as we get back to basics and focus our resources and abilities on our core mission to prevent fraud, manipulation, and abuse in our markets,” Hayeck said.
Throughout his career, Hayeck has represented the CFTC in numerous federal courts as litigation counsel in cases involving a broad range of Commodity Exchange Act violations, including market manipulation and complex fraud, with a particular focus in energy trading cases. Among other noteworthy cases, Hayeck led the division’s litigation team in the landmark case of CFTC v. Parnon Energy Inc., et al. in the U.S. District Court for the Southern District of New York, which resulted in a favorable opinion for the CFTC regarding its jurisdiction.
Prior to joining the CFTC, Hayeck was a partner in a law firm in Boston where he focused on commercial litigation. He also previously worked as litigation counsel for the Federal Deposit Insurance Corporation. In these positions, Hayeck frequently appeared in numerous federal and state courts.
Hayeck holds an LL.M. in banking law and a J.D. from Boston University School of Law. He is a graduate of the College of the Holy Cross, where he received a Bachelor of Arts in economics.
