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Dan M. Berkovitz
Commodity Futures Trading Commission (joined: Sept. 7, 2018)
Commissioner | Financial Disclosure »
Bio, via Markets Wiki:
Before joining the CFTC as a commissioner, Berkovitz served as a partner in the Washington, DC securities practice of WilmerHale, a global law firm with over 1000 attorneys in 14 offices. He joined the firm in September 2013 after serving for four years as general counsel of the Commodity Futures Trading Commission (CFTC).[3] During his tenure at the CFTC, Berkovitz was instrumental in the passage and implementation of rules related to the Dodd-Frank Act. He also served as the commission's deputy representative to the Financial Stability Oversight Council. Earlier, he served as counsel to the United States Senate Permanent Subcommittee on Investigations. During that time, he led several major investigations into oil markets and energy prices, including the role of financial speculation in natural gas and crude oil prices; the effect of the Department of Energy’s program to fill the Strategic Petroleum Reserve on oil prices and energy security; the effect of increasing concentration in the gasoline refining industry on retail gasoline prices; and allegations of illegal payments by American companies to Iraq during the United Nations Oil-for-Food program.[4] From 1995-2001, Berkovitz served as deputy assistant secretary for planning, policy, and budget in the Department of Energy’s environmental management program. He was responsible for formulating and presenting to Congress the Department’s $6 billion annual budget for the clean-up of nuclear and hazardous wastes generated by the production of nuclear weapons. Prior to that, he served as counsel to the Subcommittee on Nuclear Regulation of the Senate Committee on Environment and Public Works.[5] Berkovitz serves of an adjunct professor at Georgetown University Law School, where he teaches energy trading and regulation.
Former Positions Outside Government
- American Bar Association Committee on Futures and Derivatives Vice Chair
- Family Trust 1 Trustee
- Georgetown University Law Center Adjunct Professor
- Wilmer Cutler Pickering Hale and Dorr, LLP ("WilmerHale") Partner
Former Compensation Sources
- Abu Dhabi Investment Authority Legal services (client of WilmerHale).
- Alcoa Legal services (client of WilmerHale)
- Andreessen Horowitz Legal services (client of WilmerHale).
- Aston Capital Management Legal services (client of WilmerHale).
- BGC Financial, LP Legal services (client of WilmerHale).
- Barclays Financial Corp. Legal services (client of WilmerHale).
- Bloomberg, LP Legal services (client of WilmerHale).
- Chicago Board Options Exchange, Inc. Legal services (client of WilmerHale).
- Citadel, LLC Legal services (client of WilmerHale).
- Citigroup, Inc. Legal services (client of WilmerHale).
- Currencies Direct Holdings, Ltd. Legal services (client of WilmerHale).
- Georgetown University Law Center Teach class in derivatives regulation.
- Intercontinental Exchange, Inc. Legal services (client of WilmerHale).
- JPMorgan Chase & Co. Legal services (client of WilmerHale).
- Monex Deposit Company Legal services (client of WilmerHale).
- Morgan Stanley Legal services (client of WilmerHale).
- One Confidential Client/individual/ non- public investigation Legal services (client of WilmerHale).
- Seed CX Ltd. Legal services (client of WilmerHale).
- StockX Legal services (client of WilmerHale).
- UBS Financial Services Inc. Legal services (client of WilmerHale).
- Wilmer Cutler Pickering Hale and Dorr LLP ("WilmerHale") Partner, provide legal services to clients.
Lobbied for
Employment Assets
Description | Value | Income |
---|---|---|
WilmerHale (law firm) | $1,186,543 | |
WilmerHale capital account | $250,001 - $500,000 | $15,001 - $50,000 |
Georgetown University Law Center | $6,500 | |
DFA International Core Equity Portfolio Institutional Class (DFIEX) (Personal IRA) | $15,001 - $50,000 | $1,001 - $2,500 |
DFA US Core Equity II Portfolio Institutional Class (DFQTX) (Personal IRA) | $50,001 - $100,000 | $2,501 - $5,000 |
iShares Core US Aggregate Bond ETF (AGG) (Personal IRA) | $1,001 - $15,000 | None (or less than $201) |
Vanguard Target Retirement 2025 Fund (VTTVX) (Wilmer-Hale Contribution Plan) | $100,001 - $250,000 | $2,501 - $5,000 |
WilmerHale defined benefit plan | $100,001 - $250,000 | None (or less than $201) |
U.S. brokerage money maket account (cash) (Personal IRA) | $1,001 - $15,000 | None (or less than $201) |
WilmerHale anticipated partnership share | $500,001 - $1,000,000 | None (or less than $201) |
Other Income/Assets
Description | Value | Income |
---|---|---|
DFA T.A. U.S. Core Equity 2 Portfolio Institutional Class Fund (DFTCX) | $250,001 - $500,000 | $5,001 - $15,000 |
DFA International Core Equity Portfolio Institutional Class Fund (DFIEX) | $250,001 - $500,000 | $1,001 - $2,500 |
DFA US Core Equity II Portfolio Institutional Class Fund (DFQTX) | $250,001 - $500,000 | None (or less than $201) |
DFA Emerging Markets Core Equity Portfolio Institutional Class Fund (DFCEX) | $100,001 - $250,000 | $2,501 - $5,000 |
DFA US Small Cap Value Portfolio Institutional Class Fund (DFSVX) | $100,001 - $250,000 | $2,501 - $5,000 |
DFA Real Estate Securities Portfolio Institutional Class Fund (DFREX) | $50,001 - $100,000 | $1,001 - $2,500 |
Stoneridge All Asset Variance Risk Premium Fund (AVRPX) | $50,001 - $100,000 | $5,001 - $15,000 |
Vanguard Dividend Appreciation Fund ETF (VIG) | $50,001 - $100,000 | $201 - $1,000 |
iShares Core U.S. Aggregate Bond ETF (AGG) | $50,001 - $100,000 | $1,001 - $2,500 |
Adobe Systems Incorporated - Common Stock | $1,001 - $15,000 | None (or less than $201) |
Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) | $50,001 - $100,000 | $1,001 - $2,500 |
Vanguard Long-Term Tax-Exempt Fund Admiral Shares (VWLUX) | $50,001 - $100,000 | $1,001 - $2,500 |
Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) | $50,001 - $100,000 | $201 - $1,000 |
Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) | $100,001 - $250,000 | $2,501 - $5,000 |
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) | $250,001 - $500,000 | $2,501 - $5,000 |
U.S. Bank Checking Account #1 (cash) | $15,001 - $50,000 | None (or less than $201) |
U.S. Bank Savings/Money Market (cash) | $1,001 - $15,000 | None (or less than $201) |
U.S. Bank Checking Account #2 (cash) | $1,001 - $15,000 | None (or less than $201) |
U.S. Bank Checking Account #3 (cash) | $100,001 - $250,000 | $201 - $1,000 |
Gold Coins | $1,001 - $15,000 | None (or less than $201) |
U.S. brokerage money market account (cash) | $1,001 - $15,000 | None (or less than $201) |
DFA T.A. US Core Equity 2 Portfolio Institutional Class (DFTCX) | $100,001 - $250,000 | $2,501 - $5,000 |
DFA International Core Equity Portfolio Institutional Class (DFIEX) | $100,001 - $250,000 | $2,501 - $5,000 |
DFA US Core Equity II Portfolio Institutional Class (DFQTX) | $15,001 - $50,000 | $201 - $1,000 |
DFA Emerging Markets Core Equity Portfolio Institutional Class (DFCEX) | $15,001 - $50,000 | $201 - $1,000 |
Indiana CollegeChoice Direct 529 Savings Plan (Plan controlled by relative for the benefit of a dependent child.) | None (or less than $1,001) | $64,386 |
Maryland ABLE Account (Able Agressive) (Cash) | $15,001 - $50,000 | None (or less than $201) |
DFA Global Equity Portfolio Institutional Class (DGEIX) (UTMA) | $15,001 - $50,000 | $201 - $1,000 |
Maryland College Investment Plan #1(529) | ||
Equity Portfolio | $50,001 - $100,000 | None (or less than $201) |
Portfolio 2018 | $50,001 - $100,000 | None (or less than $201) |
Maryland College Investment Plan #2 (529) | ||
Portfolio 2018 | $100,001 - $250,000 | None (or less than $201) |
Employment Agreements and Arrangements
Employer or Party | City, State | Status and Terms | Date |
---|---|---|---|
WilmerHale | Washington, District of Columbia | Pursuant to the partnership agreement, I will receive my final partnership share distribution in April 2018. The total amount of the payments will be calculated as of that date, based on the work I performed through December 2017. Pursuant to the partnership agreement, following my withdrawal from the firm, I will receive a lump sum payment of my capital account. This payment will be calculated as of the date of my withdrawal. | Sept. 16, 2013 |
Georgetown University Law Center | Washington, District of Columbia | Upon confirmation, I will resign from my position as an Adjunct Faculty Member at Georgetown University Law Center. | June 16, 2010 |
WilmerHale | Washington, District of Columbia | I will not participate in this defined contribution plan after my separation. The plan is maintained by an independent U.S. brokerage firm. | Sept. 16, 2013 |
WilmerHale | Washington, District of Columbia | Upon my separation from WilmerHale, the value of the assets in my defined benefit plan will be distributed in accordance with WilmerHale’s practice of paying a lumpsum distribution to partners after seperation from the firm. | Sept. 16, 2013 |
American Bar Association Committee on Futures and Derivatives | Chicago, Illinois | Upon confirmation, I will resign from my position as Vice Chair of the American Bar Association Committee on Futures and Derivatives. | Jan. 16, 2017 |
Liabilities
Creditor Name | Creditor Type | Amount | Rate | Year Incurred |
---|---|---|---|---|
PNC Bank | Mortgage on Personal Residence | $500,001 - $1,000,000 | 3.875% | 2012 |
Spouse's Employment Assets
Description | Value | Income Type | Income Amount |
---|---|---|---|
Verizon | salary, bonus | ||
Verizon, Restricted Stock Units | $50,001 - $100,000 | None (or less than $201) | |
Verizon, Performance Stock Units | $100,001 - $250,000 | None (or less than $201) | |
DFA International Core Equity Portfolio Institutional Class (DFIEX) (Personal IRA) | $100,001 - $250,000 | $2,501 - $5,000 | |
DFA US Core Equity II Portfolio Institutional Class (DFQTX)(Personal IRA) | $250,001 - $500,000 | $5,001 - $15,000 | |
DFA US Small Cap Value Portfolio Institutional Class (DFSVX) (Personal IRA) | $50,001 - $100,000 | $2,501 - $5,000 | |
DFA Real Estate Securities Portfolio Institutional Class (DFREX)(Personal IRA) | $15,001 - $50,000 | $1,001 - $2,500 | |
StoneRidge Reinsurance Risk Premium Interval Fund (SRRIX(Personal IRA)) | $50,001 - $100,000 | None (or less than $201) | |
Verizon 2025 Fund (TPTP) | $250,001 - $500,000 | None (or less than $201) | |
Verizon Stock Fund (Verizon Common Stock & Cash) (Verizon Executive Compensation Plan (EDP) | None (or less than $1,001) | Dividends | $201 - $1,000 |
U.S. brokerage money market account #1 (cash) | $15,001 - $50,000 | None (or less than $201) | |
U.S. brokerage money market account #2 (cash) | $1,001 - $15,000 | None (or less than $201) | |
U.S. brokerage money market account #3 (cash)(Verizon Executive Compensation Plan (EDP) | $1,001 - $15,000 | None (or less than $201) | |
Verizon Communications Inc | $100,001 - $250,000 | Dividends | $2,501 - $5,000 |
Verizon 2025 Fund (UPTP) (Verizon Executive Compensation Plan (EDP) | $15,001 - $50,000 | None (or less than $201) | |
U.S. brokerage money maket account (cash) (Personal IRA) | $1,001 - $15,000 | None (or less than $201) |
Do you know something about Dan M. Berkovitz? Send us an email at [email protected] or send a Signal message to 347-244-2134.
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