What's Hot

    First Citizens to Buy Silicon Valley Bank

    March 27, 2023

    Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

    March 27, 2023

    Africa Moving to Crypto as Alternative to US Dollar

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    The Bull's GazetteThe Bull's Gazette
    Members Area
    • News
      1. Markets
      2. Policy & Economy
      3. Business
      4. Tech
      Featured

      First Citizens to Buy Silicon Valley Bank

      News March 27, 2023
      Recent

      First Citizens to Buy Silicon Valley Bank

      March 27, 2023

      Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

      March 27, 2023

      Africa Moving to Crypto as Alternative to US Dollar

      March 27, 2023
    • Features
      • Opinion
    • Research
      • Publications
      • Market Analysis
      • Contribute
    • Finance & Crypto Guides
    • Consultation
    • Membership
    • Store
    The Bull's GazetteThe Bull's Gazette
    Home»News»SEC General Counsel to Quit in January 2023 After FTX Saga
    News

    SEC General Counsel to Quit in January 2023 After FTX Saga

    Anietie DavidBy Anietie DavidDecember 23, 2022Updated:December 23, 2022No Comments2 Mins Read
    SEC General Counsel to Quit in January 2023 After FTX Saga
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The SEC General Counsel has announced that he will depart the agency in January. Berkovitz reportedly had at least one recent dinner with former FTX CEO – Sam Bankman-Fried.

    The U.S. Securities and Exchange Commission’s (SEC) General Counsel has declared his intention to leave the agency in January. According to a Dec. 22 article by the Washington Examiner, SEC General Counsel Dan Berkovitz said that he will be departing the organization on January 31. SEC Chair Gary Gensler said he was grateful for Berkovitz’s exceptional public service and his dedication to the agency.

    “After thirty-four years of public service, it is time for me to pursue new and different challenges and opportunities,” Berkovitz said.

    He said that he is leaving the SEC because it was time for him to pursue opportunities and challenges that were fresh and different. According to emails obtained by the Washington Examiner and perhaps unrelated, Berkovitz recently dined with many FTX executives in Washington DC, including the now-disgraced former CEO Sam Bankman-Fried.

    SEC’s Backroom Deals With Bad Actors

    According to The Examiner, Berkovitz had cozy relationships with FTX and SBF. It cited emails obtained by the watchdog Protect the Public’s Trust, which also reported on the resignation.

    In October 2021, it was reported that SBF, FTX General Counsel Ryne Miller, and FTX President Brett Harrison met with Berkovitz in a high-end restaurant. According to Michael Chamberlain, director of Protect the Public’s Trust, if ever there were a situation to conjure up a notion of a D.C. tilted favor dishonest insiders at the expense of the underdog, it would be impossible to beat this one.

    He also mentioned that SBF and his gang were courting one of their prospective regulators just prior to its collapse and a slew of fraud allegations in an effort to manipulate the regulations to their benefit.

    Senator Tom Emmer, a Republican, also made reference to several meetings between the SEC and FTX, saying that they were developing a unique regulatory framework to benefit FTX.

    FTX FTX Crash Sam Bankman-Fried SEC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleFTX And Alameda Research Execs Plead Guilty to Fraud Charges
    Next Article Brazilian President Signs Crypto Bill Into Law
    Anietie David

    Anietie has worked in the blockchain industry for three years, gaining experience in blockchain technology, cryptocurrencies, DeFi, and NFTs. As a seasoned content writer, he is passionate about creating effective content strategies for blockchain brands. In addition to content writing, he also has a strong interest in front-end development. When he's not working, he spends his time reading horror novels or playing CODM.

    Related Posts

    First Citizens to Buy Silicon Valley Bank

    March 27, 2023

    Nasdaq Looking to Launch Crypto Custody Services in Q2 2023

    March 27, 2023

    Africa Moving to Crypto as Alternative to US Dollar

    March 27, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    New Crypto Mining Bill in Russia Mandates Earnings Reports

    March 10, 2023

    India Pushes Anti-money Laundering Regulation for Crypto Transactions

    March 8, 2023

    Zambia Explore Crypto Regulatory Framework 

    February 20, 2023

    Our best content, straight to your inbox.

    Disclaimer

    Capital at risk. Content on this website does not constitute financial advice. Please do your due diligence before making any investment.

    Company
    Company

    At the forefront of news and analysis for emerging markets, business, crypto and tech - TBG is redefining financial information through resources for next-generation economics.

    Facebook Twitter Instagram LinkedIn TikTok Discord
    Links
    • About
    • Contribute
    • Advertise
    • Careers
    • Membership
    • Investor Relations
    • Frequently Asked Questions

    TBG Newsletter

    © 2023 The Bull's Gazette.
    • Terms and Privacy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.