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Acting SEC Enforcement Director Berger to Step Down

Berger presided over the enforcement division when it launched the Ripple lawsuit.

Jan 12, 2021 at 6:43 p.m. UTC
Updated Sep 14, 2021 at 10:54 a.m. UTC

The U.S. Securities and Exchange Commission's Acting Enforcement Director Marc Berger will leave the agency this month, the SEC said Tuesday.

  • Berger assumed SEC's top investigative post after former Director Stephanie Avakian's departure at the end of 2020. He had been moving up the agency ranks since December 2017.
  • SEC said Berger presided over the agency's prosecution of the Telegram initial coin offering and its initiation of the unregistered securities suit against Ripple Labs.
  • Enforcement staff pursued "meaningful relief" for victims of cryptocurrency fraud during Berger's tenure, SEC said.

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