Nathan and the Office's staff will represent the Division at all intergovernmental task forces, and present training to the states in commodities law and methods of investigating commodity brokerage fraud, foreign currency and precious metals abuses, and commodity pool fraud, among other things. The Office also will oversee the Division's continuing aggressive efforts in attacking the epidemic of foreign currency (or forex) fraud; those efforts have already led to the Commission's filing of over twenty enforcement actions in the last year and a half against firms engaged in defrauding the public through sales of purported interests in foreign currency.
In announcing the new Office, Gregory Mocek, Director of the Division of Enforcement, said: "By creating the Office of Cooperative Enforcement, we are telling all other regulators that the Division of Enforcement is committed to doing everything we can to win the fight against commodities fraud. We will provide any requested assistance to help our fellow regulators achieve the ultimate result - appropriate penalties and jail sentences for those who defraud members of the public through commodities schemes. With his vast experience in financial enforcement, creative ideas and wealth of law enforcement contacts, Dan Nathan is the perfect choice to head this office and coordinate our cooperative anti-fraud efforts."
Nathan joined the Commission in 1997 as the Division's Deputy Director. Prior to that, he was an Assistant Director of the Securities and Exchange Commission's Division of Enforcement, where he worked for twelve years following two years in private litigation practice.
