SEC Leadership Changes
On July 14, 2021, the Securities and Exchange Commission (“SEC”) announced Peter Driscoll’s resignation as director of the Division of Examinations (“Exams Division”) and the appointment of Daniel Kahl as acting director of the Exams Division. Driscoll led the Exams Division and its predecessor Office of Compliance Inspections and Examinations from 2017 to 2021. Kahl joined the SEC in 2001 and has served as deputy director of the Exams Division since 2018 and as its chief counsel from 2016 to 2018. Prior to that, Kahl led the Division of Investment Management’s Office of Investment Adviser Regulation.
On August 18, 2021, the SEC announced the appointment of Sanjay Wadhwa as deputy director of the Division of Enforcement. Wadhwa most recently served as senior associate director of the Division of Enforcement in the New York Regional Office.
On September 28, 2021, the SEC announced the appointment of Dan Berkovitz as general counsel, effective November 1, 2021. Michael Conley, currently the SEC’s solicitor, will serve as acting general counsel until Berkovitz joins the agency. Berkovitz currently serves as commissioner of the Commodity Futures Trading Commission. Prior to serving as commissioner, Berkovitz was a partner and co-chair of the futures and derivatives practice at the law firm of WilmerHale.
China’s Anti-Foreign Sanctions Blocking Law
On June 10, 2021, the Standing Committee of the National People’s…