US Attorney Ryan Raybould announced the creation of a specialized unit on September 9 to combat white-collar crime and securities fraud in Dallas. Raybould, who was confirmed in May 2026, previously served as a deputy chief of a white-collar and public corruption unit.
The move comes as Dallas grows into a financial hub known as 'Y'all Street,' employing over 380,000 financial services professionals. The city has attracted firms from New York due to lower taxes, cheaper real estate, and a favorable regulatory environment.
Major investments are underway in the region, including a $500 million campus by Goldman Sachs and a regional hub by Morgan Stanley, which is expected to be completed by 2031. Additionally, the Texas Stock Exchange began trading in July 2026.
The new enforcement strategy will involve close cooperation with the SEC, allowing for simultaneous criminal charges from federal prosecutors and civil penalties from the regulator. On September 1, Raybould highlighted the importance of these efforts by commenting on a $1.45 million Ponzi scheme case.
The rapid growth of the financial sector in Dallas is also reflected in real estate, with office rents in the 'Y'all Street' corridor increasing by 31% over the last two years.