Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam announced today that Melanie T. Devoe has been named Director of the Office of Customer Education and Outreach (OCEO). Ms. Devoe will lead the CFTC’s education and outreach efforts aimed at arming customers with the tools they need to avoid fraud and other potential abuse when participating in CFTC-regulated and cash commodity markets.
“With growing retail participation in emerging markets offering products targeted for smaller investors and ongoing interest in crypto assets, it is critical that our education and outreach efforts to prevent fraud and reach customers where they are. Markets are now just a few swipes and phone taps away for most individuals. Such easy access means that CFTC must be nimble, creative, and aggressive in our efforts to ensure that before customers hit “accept,” they have evaluated the risks and understand what they buying into,” said Chairman Behnam. “I am especially pleased to welcome Ms. Devoe and her extensive experience in our Division of Enforcement to this critical position.”
“I am honored Chairman Behnam selected me to serve as the OCEO Director. I have spent the last 15 years with a front row seat to the methods and impacts of financial fraud on retail victims,” said Ms. Devoe. “As OCEO Director, I am committed to bolstering and enhancing OCEO’s efforts to provide customers with meaningful and clear resources to allow them to assess potential investments and...
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