The Securities and Exchange Commission (SEC) announced that Marc P. Berger, director of the SEC’s New York Regional Office, has been named deputy director of the Division of Enforcement.
Berger was named director of the New York Regional Office in December 2017 and oversaw a professional staff of 400.
“Marc has been a dynamic and extremely effective leader of the SEC’s largest regional office,” SEC Chairman Jay Clayton said in a news release. “He has expertly led the office through various challenges, including by bringing impactful, investor-focused cases while also putting the health and safety of his colleagues first throughout the COVID pandemic. I am pleased that he will be providing his expertise, experience and judgment to the work of the Enforcement Division across the commission’s 12 offices.”
The New York Regional Office is responsible for the largest concentration of SEC-registered financial institutions, including more than 4,000 investment banks, investment advisers, broker-dealers, mutual funds and hedge funds.
“Marc has done an outstanding job leading the New York Regional Office and his legal acumen, excellent judgment, and strong management skills will serve him well in his new role,” said Stephanie Avakian, director of the SEC’s Division of Enforcement. “I am delighted that he has agreed to partner with me and look forward to working together to protect investors.”
A former federal prosecutor, Berger became an assistant U.S. Attorney in the Southern District of New York (SDNY) in 2002. During his 12 years there, he served as chief of SDNY’s Securities and Commodities Fraud Task Force, where he supervised the investigation and prosecution of some of the nation’s highest profile financial and investment fraud cases, including the largest crackdown on hedge fund insider trading in U.S. history.
“I am honored and excited to have this opportunity to work with colleagues throughout the Enforcement Division who continue to achieve great success,” Berger stated. “And I am proud to have served alongside the talented examination and enforcement staff of the New York Regional Office who work each day to better protect the investing public, and I remain grateful to have been a part of the culture of teamwork and integrity that exists in New York.”