The CFTC says goodbye to Chief of Enforcement David Meister, who during his three year tenure was responsible for a plethora of enforcement actions. Ms. Gretchen L. Lowe is to succeed his position.
The US financial markets' regulator, the Commodity Futures Trading Commission (CFTC) which is responsible for overseeing the futures markets and over the counter derivatives trading in the United States, has announced the departure of David Meister, the current Chief of Enforcement who will be leaving the organization by the end of the month, signaling the end of a successful 3 year tenure.
Mr. Meister, a former federal criminal prosecutor from New York, joined the CFTC as Director of Enforcement, a role which he was appointed to by CFTC Chairman Gary Gensler in 2010.
“David has brought energy, talent and experience to our critical mission to protect the public from fraud and abuse and ensure market integrity,” said CFTC Chairman Gary Gensler. “He is a tough but fair former federal prosecutor who will be missed by all at the CFTC. On a personal note, I will miss the remarkable partnership that he and I have had, but look forward to a lifelong friendship."
After the announcement of David Meister departing from his post in the Division of Enforcement, a follow-up announcement was released from the CFTC stating that Chairman Gensler had appointed Gretchen L. Lowe, who is currently the Division’s Chief Counsel, as Acting Director of the Division of Enforcement.
“I am very pleased that such a talented attorney, not to mention fellow University of Pennsylvania alum, as Gretchen will take over as the head of our enforcement team,” said Chairman Gensler.
"She has deep enforcement experience and has been a real leader on the cases of most significance to our markets, including those related to the rigging of benchmark interest rates, such as LIBOR,” the chairman added.
Regarding his replacement, Mr. Meister said in the announcement, “I am thrilled for the CFTC that my colleague Gretchen Lowe will be taking over for me upon my departure. Having worked with her for nearly three years, I can attest to the fact that I am leaving the division in the hands of a gifted attorney with superior judgment, who has the respect of the staff, and who is strongly committed to executing the enforcement mission.”
In order to understand the drivers of Mr. Meister's success at the CFTC, his career history prior to joining the agency is of significance. He held the post of criminal attorney in New York at the leading white-collar practice Skadden, Arps, Slate, Meagher & Flom LLP.
Before joining Skadden, Mr. Meister was a partner at Clifford Chance since 1998. He represented institutions and individuals in regulatory and criminal law enforcement matters and in complex civil litigation.
Mr. Meister served as an Assistant U.S. Attorney for the Southern District of New York from 1991 to 1994, where he was a member of the Securities and Commodities Fraud Unit. He has a BChE from the University of Delaware and a J.D. from Columbia Law School.
Clearly, his background as a criminal attorney in a white-collar practice such as Skadden, and previous role as prosecutor laid the groundwork which enabled him to see and understand both sides of the spectrum, both as regulator and regulated. This foundation attributed to his successful role at the CFTC which led to numerous and notable enforcements over a relatively short period of time.
Mr. Meister has also streamlined the division’s investigations and management and established two squads of enforcement personnel. One squad focusing on manipulation & disruptive trading and the other on swaps enforcement.
Ms. Lowe, who will take over the role as acting Director of Enforcement has already had considerable time to become acquainted with the new methods of enforcement that Mr. Meister has made so visible to the industry from within the division.
She has in fact already been a major contributor to some of the notable cases described by Chairman Gensler above. Whether she will continue on the track record left behind by her predecessor, or institute a new approach as regulations evolve is something that industry members will be watching in coming months.
The US financial markets' regulator, the Commodity Futures Trading Commission (CFTC) which is responsible for overseeing the futures markets and over the counter derivatives trading in the United States, has announced the departure of David Meister, the current Chief of Enforcement who will be leaving the organization by the end of the month, signaling the end of a successful 3 year tenure.
Mr. Meister, a former federal criminal prosecutor from New York, joined the CFTC as Director of Enforcement, a role which he was appointed to by CFTC Chairman Gary Gensler in 2010.
“David has brought energy, talent and experience to our critical mission to protect the public from fraud and abuse and ensure market integrity,” said CFTC Chairman Gary Gensler. “He is a tough but fair former federal prosecutor who will be missed by all at the CFTC. On a personal note, I will miss the remarkable partnership that he and I have had, but look forward to a lifelong friendship."
After the announcement of David Meister departing from his post in the Division of Enforcement, a follow-up announcement was released from the CFTC stating that Chairman Gensler had appointed Gretchen L. Lowe, who is currently the Division’s Chief Counsel, as Acting Director of the Division of Enforcement.
“I am very pleased that such a talented attorney, not to mention fellow University of Pennsylvania alum, as Gretchen will take over as the head of our enforcement team,” said Chairman Gensler.
"She has deep enforcement experience and has been a real leader on the cases of most significance to our markets, including those related to the rigging of benchmark interest rates, such as LIBOR,” the chairman added.
Regarding his replacement, Mr. Meister said in the announcement, “I am thrilled for the CFTC that my colleague Gretchen Lowe will be taking over for me upon my departure. Having worked with her for nearly three years, I can attest to the fact that I am leaving the division in the hands of a gifted attorney with superior judgment, who has the respect of the staff, and who is strongly committed to executing the enforcement mission.”
In order to understand the drivers of Mr. Meister's success at the CFTC, his career history prior to joining the agency is of significance. He held the post of criminal attorney in New York at the leading white-collar practice Skadden, Arps, Slate, Meagher & Flom LLP.
Before joining Skadden, Mr. Meister was a partner at Clifford Chance since 1998. He represented institutions and individuals in regulatory and criminal law enforcement matters and in complex civil litigation.
Mr. Meister served as an Assistant U.S. Attorney for the Southern District of New York from 1991 to 1994, where he was a member of the Securities and Commodities Fraud Unit. He has a BChE from the University of Delaware and a J.D. from Columbia Law School.
Clearly, his background as a criminal attorney in a white-collar practice such as Skadden, and previous role as prosecutor laid the groundwork which enabled him to see and understand both sides of the spectrum, both as regulator and regulated. This foundation attributed to his successful role at the CFTC which led to numerous and notable enforcements over a relatively short period of time.
Mr. Meister has also streamlined the division’s investigations and management and established two squads of enforcement personnel. One squad focusing on manipulation & disruptive trading and the other on swaps enforcement.
Ms. Lowe, who will take over the role as acting Director of Enforcement has already had considerable time to become acquainted with the new methods of enforcement that Mr. Meister has made so visible to the industry from within the division.
She has in fact already been a major contributor to some of the notable cases described by Chairman Gensler above. Whether she will continue on the track record left behind by her predecessor, or institute a new approach as regulations evolve is something that industry members will be watching in coming months.
iFOREX Adds Saudi and South Korean Equity CFDs as IPO Is Delayed
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We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
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A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
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In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
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He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
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Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
