LPL Financial hires former regulator to lead lobby team

Mark Casady, LPL Financial’s chairman and chief executive, credits Bergers with having “successfully transformed both the enforcement and examination programs at the SEC,” he said in a statement.

“We are fortunate to have someone of David's caliber and expertise in regulatory and other matters” on the company’s government affairs team.

Federal records show that LPL Financial Corporation currently spends a modest amount on lobbying the federal government, giving only $240,000 to one firm last year, Rich Feuer Anderson.

Before entering the public sector, Bergers worked at law firms in Philadelphia and Boston, and held senior positions at other broker-dealer and investment advisory firms.