FINRA just lately introduced that it has promoted Jonathan Sokobin as its new Government Vice President and Head of the brand new workplace in command of Regulatory Economics and Market Evaluation (REMA).
Revealed in a press launch recognized by Finance Magnates, Jonathan Sokobin, beforehand the Senior VP and Chief Economist, has been elevated by FINRA, the Monetary Business Regulatory Authority, to the rank of Government Vice President and Head of Regulatory Economics and Market Evaluation.
Sokobin will proceed because the Chief Economist and as a member of its administration committee. Moreover, he’ll report back to the President and CEO of FINRA, Robert Prepare dinner.
The brand new REMA workplace will mix the Workplace of the Chief Economist (OCE) and the Workplace of Monetary Innovation (OFI) right into a single group offering business evaluation, regulatory affect assessments and quantitative analysis on the regulation of securities markets. The group consisting of round forty staff will notify the regulator’s rulemaking and regulatory coverage agenda, establish rising regulatory dangers, develop new processes to identify and measure hurt and profit to buyers. Moreover, its objective shall be to reinforce the surveillance, examination and enforcement applications at FINRA.
Sokobin’s Background
Sokobin has been employed at FINRA since 2013, however earlier than that, he served the US Treasury Division from 2011. Initially, he joined because the Chief of Analytical Technique within the Workplace of Monetary Analysis. After nineteen months, he acquired the promotion to Performing Deputy Director of Analysis and Evaluation within the Workplace of Monetary Analysis in 2012.
Earlier than his work on the US Treasury, he was onboarded by the Securities and Alternate Fee, (SEC) in 2000. Throughout this time, he served in three unbiased roles, first as Deputy Chief Economist (Sept 2004 – Feb 2008, then because the Director of the Workplace of Danger Evaluation (Mar 2008 – Dec 2009), and eventually because the Deputy Director of the Division of Danger, Technique and Monetary Innovation.
Sokobin’s earliest position was as an Assistant Professor on the SMU Cox College of Enterprise from Aug 1993 to July 1998. Moreover, he was awarded his PhD and MBA in Finance from the College of Chicago’s Graduate College of Enterprise. He additionally acquired a BA in Economics from Ohio State College.
Commenting on the announcement, Prepare dinner said: “The transfer to carry collectively the experience of the Workplace of the Chief Economist and the Workplace of Monetary Innovation higher leverages the respective strengths of each teams to guard buyers and promote market integrity. I’m assured that beneath Jonathan’s management, and guided by his in depth regulatory expertise and experience in financial and market analyses, REMA will serve to tell FINRA’s regulatory insurance policies and applications and assist advance our mission.”
“I’m excited to guide the Workplace of Regulatory Economics and Market Evaluation and our group of proficient professionals. REMA’s work will assist inform operations and regulatory coverage, offering a singular perspective to assist make them extra agile and efficient within the pursuit of FINRA’s mission of defending buyers and safeguarding market integrity,” added Sokobin.
FINRA just lately introduced that it has promoted Jonathan Sokobin as its new Government Vice President and Head of the brand new workplace in command of Regulatory Economics and Market Evaluation (REMA).
Revealed in a press launch recognized by Finance Magnates, Jonathan Sokobin, beforehand the Senior VP and Chief Economist, has been elevated by FINRA, the Monetary Business Regulatory Authority, to the rank of Government Vice President and Head of Regulatory Economics and Market Evaluation.
Sokobin will proceed because the Chief Economist and as a member of its administration committee. Moreover, he’ll report back to the President and CEO of FINRA, Robert Prepare dinner.
The brand new REMA workplace will mix the Workplace of the Chief Economist (OCE) and the Workplace of Monetary Innovation (OFI) right into a single group offering business evaluation, regulatory affect assessments and quantitative analysis on the regulation of securities markets. The group consisting of round forty staff will notify the regulator’s rulemaking and regulatory coverage agenda, establish rising regulatory dangers, develop new processes to identify and measure hurt and profit to buyers. Moreover, its objective shall be to reinforce the surveillance, examination and enforcement applications at FINRA.
Sokobin’s Background
Sokobin has been employed at FINRA since 2013, however earlier than that, he served the US Treasury Division from 2011. Initially, he joined because the Chief of Analytical Technique within the Workplace of Monetary Analysis. After nineteen months, he acquired the promotion to Performing Deputy Director of Analysis and Evaluation within the Workplace of Monetary Analysis in 2012.
Earlier than his work on the US Treasury, he was onboarded by the Securities and Alternate Fee, (SEC) in 2000. Throughout this time, he served in three unbiased roles, first as Deputy Chief Economist (Sept 2004 – Feb 2008, then because the Director of the Workplace of Danger Evaluation (Mar 2008 – Dec 2009), and eventually because the Deputy Director of the Division of Danger, Technique and Monetary Innovation.
Sokobin’s earliest position was as an Assistant Professor on the SMU Cox College of Enterprise from Aug 1993 to July 1998. Moreover, he was awarded his PhD and MBA in Finance from the College of Chicago’s Graduate College of Enterprise. He additionally acquired a BA in Economics from Ohio State College.
Commenting on the announcement, Prepare dinner said: “The transfer to carry collectively the experience of the Workplace of the Chief Economist and the Workplace of Monetary Innovation higher leverages the respective strengths of each teams to guard buyers and promote market integrity. I’m assured that beneath Jonathan’s management, and guided by his in depth regulatory expertise and experience in financial and market analyses, REMA will serve to tell FINRA’s regulatory insurance policies and applications and assist advance our mission.”
“I’m excited to guide the Workplace of Regulatory Economics and Market Evaluation and our group of proficient professionals. REMA’s work will assist inform operations and regulatory coverage, offering a singular perspective to assist make them extra agile and efficient within the pursuit of FINRA’s mission of defending buyers and safeguarding market integrity,” added Sokobin.
