CFTC Appoints Paul Hayeck as Acting Director of Enforcement Division

The Commodity Futures Trading Commission (CFTC) has named Paul G. Hayeck as the Acting Director of its Division of Enforcement, according to an announcement made by Acting Chairman Caroline D. Pham. Hayeck brings a quarter-century of regulatory experience to the role. He has served at the CFTC for 25 years, including holding the position of Deputy Director in the Division of Enforcement since 2013. In addition to his new leadership responsibilities, Hayeck will continue serving as the Acting Chief of the Division's Complex Fraud Task Force. Acting Chairman Pham highlighted Hayeck's deep expertise, integrity, and regulatory track record, stating that his background makes him well-equipped to lead the division in its core objectives of protecting market integrity, holding fraudsters accountable, and assisting victims. Commenting on his appointment, Hayeck noted that the division will concentrate its resources and capabilities on core enforcement priorities, focusing on preventing fraud, manipulation, and abuse across regulated markets. Throughout his tenure at the agency, Hayeck has served as litigation counsel representing the CFTC across numerous federal courts in actions involving Commodity Exchange Act violations. His work has focused on complex fraud and market manipulation, with particular emphasis on energy trading cases. Among his significant assignments, Hayeck led the enforcement litigation team in the landmark case CFTC v. Parnon Energy Inc. in the U.S. District Court for the Southern District of New York. Prior to entering public service with the CFTC, Hayeck was a partner focusing on commercial litigation at a Boston law firm and previously served as litigation counsel for the Federal Deposit Insurance Corporation (FDIC). He earned a Bachelor of Arts in economics from the College of the Holy Cross and holds both a J.D. and an LL.M. in banking law from Boston University School of Law.