A former US House attorney named the SEC’s next attorney general

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The Securities and Exchange Commission recently announced that Megan Barbero will serve as the agency’s general counsel when the GC Dan Berkovitz leaves at the end of January.

Barbero, currently deputy general counsel, joined the SEC in July 2021. He advises the agency on legal matters related to rulemaking and litigation planning.

For example, he was credited with helping to adopt the agency. laws relating to back the wrong definition of basic compensation.

Prior to joining the SEC, Barbero served as deputy general counsel for the US House of Representatives, where he handled litigation for the House. He worked for the House during a period of legal disputes with the Trump administration.

Barbero also served as an attorney for the US Department of Justice’s Civil Appellate Staff and practiced in the Supreme Court and appellate practice at WilmerHale.

Headlining is Megan Barbero, incoming general counsel at the SEC

Megan Barbero

Courtesy of SEC

SEC Chairman Gary Gensler said in a media coverage the agency will benefit from Barbero’s “incredible judgment and high-level legal experience.”

“Megan is one of the Commission’s most trusted advisors, and she will bring a skilled and enduring hand to the role of general counsel,” Gensler said. “He is a proven leader, and just the right person to replace Dan at a critical time for our agency.”

“I am honored to be asked to serve the Commission in this new role and look forward to continuing to work with my outstanding SEC colleagues,” Barbero said in a prepared statement.

He also said he was grateful for Berkovitz’s leadership and will miss working with him.

Berkovitz was appointed as the SEC’s general counsel in Nov. 1, 2021. He was a former commissioner of the Commodity Futures Trading Commission (CFTC) from September 2018 until October 2021. He also served as the CFTC’s General Counsel from 2009 to 2013.

Earlier in his career, Berkovitz served as senior counsel for the US Senate Permanent Subcommittee on Investigations and deputy assistant secretary in the Department of Energy’s Office of Environmental Management.

“After thirty-four years of public service, it is time for me to look for new and different challenges and opportunities,” Berkovitz said in a statement. information provided. “It is a great honor and a privilege to work with the many talented and dedicated people in this agency to contribute to the success of the SEC’s mission to improve investment protection, strengthen our capital markets, and facilitate capital formation.”

Gensler praised Berkovitz for his “public service” and dedication to the SEC.

“Dan led the Office of General Counsel at a time when we were advocating significant changes in the capital markets,” Gensler said. “His advice, judgment, and leadership have been invaluable to our work at the SEC.”

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