The US Securities and Change Fee (SEC) introduced on Tuesday that Dan Berkovitz, US Commodity Futures Buying and selling Fee (CFTC) Commissioner, has been appointed as SEC Common Counsel. In response to the press launch, it will likely be efficient beginning November 1, and John Coates will go away the company in October.
Coates is predicted to return to instructing at Harvard College, the SEC stated. Within the meantime, Michael Conley, who’s at present serving because the SEC’s Solicitor, will work as Appearing Common Counsel till Berkovitz takes the brand new function within the watchdog. “I had the chance to work with Dan on the CFTC, and I’m thrilled to as soon as once more work with him on issues important to our monetary markets. Dan is a devoted public servant and was instrumental in each informing and implementing the Dodd-Frank Act. As Common Counsel, he navigated the CFTC by means of dozens of rulemakings to boost regulatory oversight of the swaps markets, and he has remained a steadfast public servant as a Commissioner. He can be invaluable in our work on the SEC,” Gary Gensler, US SEC Chairman, commented.
Berkovitz CFTC Background
The brand new SEC Common Counsel has been working within the CFTC since September 2018, when the US Senate confirmed him as Commissioner. Previous to his function as Commissioner, he served as CFTC’s Common Counsel from 2009 to 2013. Berkovitz earned an A.B. in Physics from Princeton College and a J.D. from the College of California, Hastings School of the Legislation.
“I’m honored to affix the SEC at this important time for our capital markets. Having labored with the SEC in my roles on the CFTC, I’ve lengthy admired the devoted and gifted workers of the company from afar. I’m excited to work once more with Chair Gensler on a regulatory agenda that can improve investor safety, strengthen our capital markets, and facilitate capital formation,” Berkovitz stated.
In June, the US SEC named Renee Jones as Director of the Division of Company Finance.