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.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.