The United States Securities and Exchange Commission has chosen former Commodity Futures Trading Commission (CFTC) Commissioner, Dan Berkovitz, as the new General Counsel. This comes as the SEC seeks to bolster its leadership and enforce regulations and compliance with the SEC Chairman, Jay Clayton, saying that credible enforcement actions are necessary for the SEC to fulfill its mission of ensuring investor protection.
Dan Berkovitz served as a Commissioner at the CFTC from 2018-2021, and played an important role in overseeing trading in the $400 trillion commodities markets and derivatives. During his tenure, he championed derivatives rules related to position limits and swap execution facilities, among other financial regulations. Prior to joining the CFTC, Dan Berkovitz was a partner at the law firm Wilmer Cutler Pickering Hale, and has also held a number of senior roles in the US Department of Energy.
Role as General Counsel at the SEC
As General Counsel at the SEC, Dan Berkovitz will be responsible for providing legal advice and support to the Commission, as well as providing assistance in conducting investigations and enforcements. He will help to ensure compliance with federal securities laws and regulations, and will provide direction and guidance on legal matters.
Dan Berkovitz has stated that he is looking forward to joining the SEC and assuming the role of General Counsel. He said: "I am honored that Chairman Clayton has chosen me to serve as General Counsel. I am committed to advancing the SEC's mission of protecting investors, promoting capital formation, and ensuring that our markets remain fair and efficient."
- US SEC Names CFTC Commissioner Dan Berkovitz as Incoming General Counsel
- Dan Berkovitz served as a Commissioner at the CFTC from 2018-2021 and was involved in overseeing trading in the $400 trillion commodities markets and derivatives
- As General Counsel at the SEC, Dan Berkovitz will provide legal advice, lead investigations, and ensure compliance with federal securities laws and regulations