The Securities and Exchange Commission named Daniel Michael the chief of the Enforcement Division's Complex Financial Instruments Unit.
"Opaque and complex markets such as those policed by CFI provide many opportunities for new types of misconduct that harm retail investors, and Dan is committed to combating it in whatever form it takes," said Steven Peikin, co-director of the SEC's Enforcement Division, said in a statement.
In his new role, Michael will lead a specialized unit of attorneys and industry experts who are located in offices across the country and investigate potential misconduct related to complex financial products and practices involving sophisticated market participants.
"The unit has successfully identified and pursued fraud in some of the most challenging areas of the markets, and I look forward to building on the important work the CFI team has done to protect investors from wrongdoing involving complex products and trading schemes," Michael said in a statement.
