In its first hearing in Delaware bankruptcy court on Tuesday, a lawyer representing FTX said the firm has hired former enforcement chiefs from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, now both partners at law firm Sullivan & Cromwell LLP, to help the company’s new chief executive investigate what went wrong.
FTX has hired Steven Peikin, who served as co-director of the SEC enforcement division between 2017 and 2020, and James McDonald, who was director of enforcement at derivatives regulator CFTC, also from 2017 to 2020.
Another prominent FTX hire is Nicole Friedlander, who from 2008 to 2016 served as chief of the complex frauds and cybercrime unit at the U.S. attorney’s office for the Southern District of New York, one of the nation’s most influential federal law-enforcement agencies. Ms. Friedlander is also a partner at Sullivan & Cromwell.
‘Enforcement 40’ for 2020
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