Dan Berkovitz to Become SEC’s New General Counsel Under Gensler

Dan Berkovitz will join the U.S. Securities and Exchange Commission as the Wall Street regulator’s general counsel in November.

Berkovitz, who previously said he plans to leave his seat on the Commodity Futures Trading Commission next month, will replace John Coates, who had been serving as the SEC’s top lawyer, the agency said in a statement Tuesday. Since September 2018, Berkovitz has been serving as a Democratic CFTC commissioner and earlier in his career was the derivatives regulator’s general counsel.