David Aron is a derivatives lawyer with a noteworthy blend of private practice, in-house, and government experience. He has extensive transactional and U.S. Commodity Futures Trading Commission (CFTC) regulatory experience, including in digital assets and CFTC jurisdictional issues.
Prior to joining Jones Day, David served as Special Counsel in the Division of Data at the CFTC. In an earlier CFTC role, he played a key role in writing a number of Dodd-Frank Act implementing regulations, including joint CFTC-U.S. Securities and Exchange Commission (SEC) rulemakings in which he was the principal draftsman of, and otherwise influenced, many aspects of the "swap" and "ECP" (eligible contract participant) definitions. He also served as liaison to the CFTC's Division of Enforcement in multiple swap rules-related investigations and was detailed to the Office of the Chief Economist and the U.S. Department of the Treasury.
David began his career in the securities investments unit of the law department at a global insurance company followed by a role supporting the equity, credit, and other derivatives business at a global bank. He also worked at three major law firms, including as partner, where he advised clients in CFTC and SEC regulatory, investment management, energy trading, structured products, and various derivatives. Earlier in his career, he served as an administrative officer with the Treasury division at the United Nations.
David is a frequent speaker and author on CFTC regulatory issues, including sports betting and cryptocurrency. He also serves as a resource to veterans transitioning to civilian legal roles.
- Syracuse University (J.D. 1993; Master of Business Administration in Finance 1993); University of Michigan (B.A. in History 1990)
- District of Columbia and New York
- Served with the U.S. Commodity Futures Trading Commission (CFTC) (1996-1998 & 2010-2022) in the following positions: Special Counsel (and Acting Associate Director from November 2020 to January 2021), Division of Data, Data Policy Section (2020-2022); Special Counsel, Division of Market Oversight, Data and Reporting Branch (2015-2020); Counsel, Division of Market Oversight (2015); Counsel, Office of the Chief Economist (2014-2015); Counsel, Office of General Counsel, Legislative & Intergovernmental Affairs Branch (2014-2015), Clearing & Intermediaries Branch (2012-2013), Regulatory Branch (2010-2011), and Special Counsel to the Director, Division of Trading and Markets, Office of the Director (1996-1998)
Recipient of personal CFTC Chairman's Award for Performance; a team CFTC Chairman's Award for Staff Excellence; and a Pro Bono Service Award