Difference between revisions of "Dennis A. Klejna"

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|loc      =  New York
 
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|name    =  Dennis A. Klejna
 
|name    =  Dennis A. Klejna
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He is a native of the Bronx in New York City and graduated from Fordham University Law School.
 
He is a native of the Bronx in New York City and graduated from Fordham University Law School.
  
Klejnas spent 12 years as the director of enforcement at the U.S. Commodity Futures Trading Commission.  He served under multiple CFTC Chairman, including Wendy Graham and Mary Shapiro.<ref>{{cite web|url=http://articles.chicagotribune.com/1995-03-09/business/9503090162_1_cftc-mary-l-schapiro-enforcement|name=Cftc Chief Reorganizes Enforcement Staff|org=Chicago Tribune|date=March 1, 2013}}</ref><ref>{{cite web|url=http://www.nytimes.com/1985/10/03/business/commodities-firms-hit-by-cftc-penalties.html|name=COMMODITIES FIRMS HIT BY C.F.T.C. PENALTIES|org=New York Times|date=March 1, 2013}}</ref><ref>{{cite web|url=http://www.apnewsarchive.com/1990/Chicago-Futures-Firm-Settles-CFTC-Charges/id-fbc288112d884dd884a0daf6cb9e9097|name=CHICAGO FUTURES FIRM SETTLES CFTC CHARGES|org=AP News|date=March 1, 2013}}</ref>  He was head of enforcement of the CFTC at the time of the the FBI led investigation into the U.S. future markets.<ref>{{cite web|url=http://www.nytimes.com/1989/01/24/business/cftc-insists-it-had-role-all-along.html|name=C.F.T.C. Insists It Had Role All Along|org=New York Times|date=March 1, 2013}}</ref>
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Klejnas spent 12 years as the director of enforcement at the U.S. Commodity Futures Trading Commission.  He served under multiple CFTC Chairman, including Wendy Graham and Mary Shapiro.<ref>{{cite web|url=http://articles.chicagotribune.com/1995-03-09/business/9503090162_1_cftc-mary-l-schapiro-enforcement|name=Cftc Chief Reorganizes Enforcement Staff|org=Chicago Tribune|date=March 1, 2013}}</ref><ref>{{cite web|url=http://www.nytimes.com/1985/10/03/business/commodities-firms-hit-by-cftc-penalties.html|name=COMMODITIES FIRMS HIT BY C.F.T.C. PENALTIES|org=New York Times|date=March 1, 2013}}</ref><ref>{{cite web|url=http://www.apnewsarchive.com/1990/Chicago-Futures-Firm-Settles-CFTC-Charges/id-fbc288112d884dd884a0daf6cb9e9097|name=CHICAGO FUTURES FIRM SETTLES CFTC CHARGES|org=AP News|date=March 1, 2013}}</ref>  He was head of enforcement of the CFTC at the time of the the FBI led investigation into the U.S. future markets.<ref>{{cite web|url=http://www.nytimes.com/1989/01/24/business/cftc-insists-it-had-role-all-along.html|name=C.F.T.C. Insists It Had Role All Along|org=New York Times|date=March 1, 2013}}</ref><ref>{{cite web|url=https://www.americanbanker.com/opinion/lax-law-enforcement-means-mf-global-mistakes-will-be-repeated|name=BankThink Lax Law Enforcement Means MF Global Mistakes Will Be Repeated|org=American Banker|date=June 230, 2020}}</ref>
  
 
Klejna was a senior executive with [[Refco]] and moved to [[Man Financial]], which later became [[MF Global]], after Refco was acquired by Man Financial following its bankruptcy.<ref>{{cite web|url=http://online.wsj.com/article/SB112908387372566315.html|name=Regulator Scrutiny Isn't New to Refco|org=Wall Street Journal|date=March 1, 2013}}</ref>  He was hired by Refco as part of an effort to "resolve long-standing issues with regulatory authorities and to move ahead under the direction of its newly assembled top management team."<ref>{{cite web|url=http://www.prnewswire.co.uk/news-releases/new-refco-management-team-welcomes-cftc-settlement-as-opportunity-to-move-forward-156700045.html|name=NEW REFCO MANAGEMENT TEAM WELCOMES CFTC SETTLEMENT AS OPPORTUNITY TO MOVE FORWARD|org=PR Newswire|date=March 1, 2013}}</ref>
 
Klejna was a senior executive with [[Refco]] and moved to [[Man Financial]], which later became [[MF Global]], after Refco was acquired by Man Financial following its bankruptcy.<ref>{{cite web|url=http://online.wsj.com/article/SB112908387372566315.html|name=Regulator Scrutiny Isn't New to Refco|org=Wall Street Journal|date=March 1, 2013}}</ref>  He was hired by Refco as part of an effort to "resolve long-standing issues with regulatory authorities and to move ahead under the direction of its newly assembled top management team."<ref>{{cite web|url=http://www.prnewswire.co.uk/news-releases/new-refco-management-team-welcomes-cftc-settlement-as-opportunity-to-move-forward-156700045.html|name=NEW REFCO MANAGEMENT TEAM WELCOMES CFTC SETTLEMENT AS OPPORTUNITY TO MOVE FORWARD|org=PR Newswire|date=March 1, 2013}}</ref>
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Revision as of 15:35, 30 June 2020

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Dennis A. Klejna
Occupation Attorney
Location New York
LinkedIn Profile

Dennis A. Klejna is an attorney and former regulator in the listed derivatives industry.

Most recently he was senior vice president with MF Global.

He also served as a member of the Futures Commission Merchant Advisory Committee of National Futures Association.

Background

He is a native of the Bronx in New York City and graduated from Fordham University Law School.

Klejnas spent 12 years as the director of enforcement at the U.S. Commodity Futures Trading Commission. He served under multiple CFTC Chairman, including Wendy Graham and Mary Shapiro.[1][2][3] He was head of enforcement of the CFTC at the time of the the FBI led investigation into the U.S. future markets.[4][5]

Klejna was a senior executive with Refco and moved to Man Financial, which later became MF Global, after Refco was acquired by Man Financial following its bankruptcy.[6] He was hired by Refco as part of an effort to "resolve long-standing issues with regulatory authorities and to move ahead under the direction of its newly assembled top management team."[7]

He was head of compliance at Refco, and though not criminally charged over his involvement in the Refco fraud, he did forfeit $1.25 million in Refco share gains and sign a consent order with the Department of Justice in disgorgement of those IPO profits.[8]

Klejna became embroiled in the Whitewater investigation of improper trading by former First Lady Hillary Clinton, when as head of enforcement of the CFTC he volunteered CFTC information to then Independent Counsel Robert B. Fiske Jr.[9] Subsequent to this information becoming known to Commissioners, a reorganization of the division of enforcement was announced, which effectively demoted Klenja. He was recommended to head enforcement operation in the New York office of the CFTC.

Registration Information

  • Man Financial, Inc. - NFA ID 0266826

References

  1. Cftc Chief Reorganizes Enforcement Staff. Chicago Tribune.
  2. COMMODITIES FIRMS HIT BY C.F.T.C. PENALTIES. New York Times.
  3. CHICAGO FUTURES FIRM SETTLES CFTC CHARGES. AP News.
  4. C.F.T.C. Insists It Had Role All Along. New York Times.
  5. BankThink Lax Law Enforcement Means MF Global Mistakes Will Be Repeated. American Banker.
  6. Regulator Scrutiny Isn't New to Refco. Wall Street Journal.
  7. NEW REFCO MANAGEMENT TEAM WELCOMES CFTC SETTLEMENT AS OPPORTUNITY TO MOVE FORWARD. PR Newswire.
  8. JPMorgan Chase Knew MF Global All Too Well. American Banker.
  9. The Watchdog Who Barked. Bloomberg.