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REGULATION/LEGISLATION

CFTC enforcement division director to leave Feb. 3

Aitan Goelman
Aitan Goelman

Aitan Goelman, director of the CFTC's enforcement division, will step down from his post Feb. 3, the regulatory agency said Thursday.

Mr. Goelman led the Commodity Futures Trading Commission's efforts to enforce elements of the Dodd-Frank Wall Street Reform and Consumer Protection Act that were related to derivatives, the CFTC said in a news release.

Under Mr. Goelman, the enforcement division imposed more than $7 billion in monetary sanctions.

Mr. Goelman was appointed in June 2014 by CFTC Chairman Timothy G. Massad, who will leave the agency Friday. Commissioner J. Christopher Giancarlo will serve as interim chairman and be responsible for naming a replacement for Mr. Goelman.

“Under Mr. Goelman's leadership the CFTC's division of enforcement has taken its place as one of the premier law enforcement arms of the federal government,” Mr. Giancarlo said in the news release.