CFTC General Counsel To Retire

Mar 13 2013 | 11:30am ET

The Commodity Futures Trading Commission's chairman may be sticking around, but its top lawyer isn’t.

Dan Berkovitz, general counsel at the regulator for the last four years, will retire at the end of the month, he said. Berkovitz was instrumental during the CFTC's rule-making process following the passage of the Dodd-Frank financial regulation reform law, and then defended the agency against lawsuits stemming from those rules.

"Capping off 30 years of public service, Dan has so much to be proud of, foremost his leadership and counsel to the administration, Congress and this commission on swaps market reform that is now benefitting the public," CFTC chief Gary Gensler said. "The public and this agency are losing a remarkable general counsel."

Berkovitz has "no announced plans" for his future, the CFTC said. During his three decades in government service, he's worked for the Senate Permanent Subcommittee on Investigations, the Energy Department and the Nuclear Regulatory Commission.

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