The Financial Industry Regulatory Authority (FINRA) said today it named Jonathan Sokobin as its chief economist and senior vice president.
He will report directly to chairman and chief executive Richard Ketchum. FINRA’s office of the chief economist works closely with the office of general counsel and other departments in developing new securities rules; it analyzes the costs and benefits of existing and potential rulemakings.
The office is responsible for gathering and analyzing data on securities firms and markets.
Sokobin is currently acting deputy director, research and analysis in the office of financial research at the U.S. Treasury Department. He joined the U.S. Treasury Department as chief of analytical strategy in the office of financial research.
Prior to joining Treasury, Sokobin was acting director of the U.S. Securities and Exchange Commission's division of risk, strategy, and financial innovation (Risk Fin). He joined the SEC staff full-time in 2000 and was named deputy chief economist in 2004. From 2008 to 2010, Sokobin served as director of the former office of risk assessment.