The Securities and Exchange Commission has announced that David P. Bergers, Director of the SEC’s Boston Regional Office, has been named Acting Deputy Director of the Enforcement Division, effective February 8, when Deputy Director George Canellos becomes the division’s Acting Director.
'David is an extremely talented attorney who has a successful track record leading the Boston Regional Office', said SEC Chairman Elisse B. Walter. 'Having worked at the SEC for 13 years, he has a deep understanding of the division, agency, and laws we enforce. And, he has a true appreciation for the significant impact that the work of the SEC has on investors'.
'David is a tremendous asset to the division', said Robert S. Khuzami, Director of the Division of Enforcement, who is leaving the SEC on February 8. 'His deep enforcement experience and willingness to roll up his sleeves and tackle any issue make him the ideal choice to serve as Acting Deputy Director'.
Bergers said, “I am honored to serve in this role and will work to support the incredible efforts of the enforcement staff across the country as they seek to accomplish our mission of investor protection.”
Bergers, 45, has headed the SEC’s Boston Regional Office since 2006. The office oversees more than 1100 investment advisers, 60 mutual fund complexes, and 375 broker-dealers in Massachusetts, Connecticut, New Hampshire, Maine, Vermont, and Rhode Island. He served at the SEC from 1998 to 2000 and returned in 2001, and has served in various enforcement positions, including head of SEC enforcement in Boston. He has headed hundreds of SEC investigations into investment and financial fraud, insider trading, and other securities law violations.
Bergers received the SEC’s Stanley Sporkin Award in 2010 for his leadership in reorganizing the SEC’s Enforcement Division to streamline management structure and create five specialized units. He received the SEC and NTEU Labor-Management Relations Award in 2011 and 2012 for his work on a union-management team that helped restructure the SEC’s national examination program. He also was one of several SEC enforcement staffers who received the SEC’s Law and Policy Award for developing the SEC’s whistleblower rules that became effective in 2011.
In addition to his work at the SEC, Bergers has practiced with law firms in the Philadelphia and Boston areas and served as a vice president and assistant general counsel of a regional broker-dealer and affiliated investment adviser in Boston. He received his bachelor’s degree from Eastern Nazarene College and his law degree from Yale Law School.
image: © Scott S