Acting SEC Enforcement Director Berger to Step Down
Berger presided over the enforcement division when it launched the Ripple lawsuit.
Updated Sep 14, 2021 at 10:54 a.m. UTC
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Securities and Exchange Commission, SEC, Building in Washington DC
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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