BOSTON, June 20, 2013 (GLOBE NEWSWIRE) -- LPL Financial LLC, the nation's largest independent broker-dealer,* and a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA), today announced David P. Bergers as the firm's new Managing Director for Legal and Government Relations and General Counsel for LPL Financial Holdings, Inc. Mr. Bergers will join the firm on August 5 th, reporting to LPL Financial Chairman and CEO Mark Casady. He will serve as a member of the firm's Management Committee, and also on the Risk Oversight Committee. Mr. Bergers comes to LPL Financial after 13 years with the Securities and Exchange Commission (SEC), most recently as acting deputy director of the enforcement division in Washington, D.C. He was director of the SEC's Boston regional office from 2006 to 2013. He is replacing longtime LPL Financial legal chief Stephanie Brown, who after 24 years at LPL Financial will be returning to private practice. Ms. Brown will join the Boston office of Markun, Zusman, Freniere & Compton LLC. "We are fortunate to have someone of David's caliber and expertise in regulatory and other matters joining LPL Financial to head our legal and government relations functions. His perspective and experience will strengthen the capabilities of an extremely talented team. He also has significant management experience, having most recently helped oversee a team of 1,300 people and successfully transformed both the enforcement and examination programs at the SEC," noted Mr. Casady, LPL Financial's Chairman and CEO. "At the same time, we greatly benefited from Stephanie's deep institutional knowledge and experience navigating the legal waters during decades of dramatic growth at LPL Financial and significant change in the financial services industry. After a quarter-century of distinguished work at our company, Stephanie has decided to return to private practice, and she will be an extraordinary asset at her new firm."