Though an official announcement has not yet been made, sources familiar with the matter have stated that the top U.S. derivatives regulator is expected to assign a federal prosecutor in Manhattan to oversee the agency's enforcement division. James McDonald, an assistant U.S. Attorney for the Southern District of New York, is slated to become enforcement director of the Commodity Futures Trading Commission in April of 2017.
McDonald, who currently works in the public corruption unit at the U.S. Attorney's office, had previously served on the trial team which led to the conviction of former New York State Assembly Speaker Sheldon Silver.
New York attorney Carrie Cohen, a former federal prosecutor who led the Silver prosecution, weighed in to express her support for the potential selection. If chosen, “Jamie McDonald has the judgment, the ethics and the skills necessary to be a wonderful director of enforcement for that agency,” stated Cohen.
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