According to CFTV.gov, the Commodity Futures Trading Commission has stated that the current Division of Enforcement Director, David Meister, will be stepping down from his position in October.
A graduate of the Columbia University School of Law, David Meister was quite prolific during his time as Director, initiating a record number of enforcement actions as well as playing a large factor in creating and implementing many of the Dodd-Frank act’s rules and regulations. Under Mr. Meister’s direction, the Division of Enforcement was a stern entity, handing out strict and harsh penalties both in the U.S. and globally, including a CTFC record 1.3 billion dollars charged to manipulators of the LIBOR interest rate.
Outside of enforcement actions, Mr. Meister enhanced collaborative relationships with the U.S. Justice department, the FBI, and many other domestic and foreign agencies. He also smoothed out the Division’s investigative and management techniques, increasing the speed in which cases were handled, and ensuring consistent enforcement actions across the board.
Taking his place, Gretchen L. Lowe, currently Chief Counsel of the Division of Enforcement, will be serving as acting Director. A graduate from the University of Pennsylvania School of Law, Lowe is very experienced, having been with the Division for over a decade, she has led some of their most difficult investigations.
More on Gretchen L. Lowe’s time with the Division can be found at CFTC.gov.