Finra Unscripted

What Does FINRA’s Chief Economist Do? Regulation has consequences. It is a regulator’s job to consider those consequences and weight the impact of regulation to ensure that it is appropriately tailored. What is the problem we are trying to solve? How does this rule or solution solve that problem? Is it the best solution to the problem? How does it impact business development? FINRA’s Office of the Chief Economist asks those tough questions and more to help make FINRA a better self-regulatory organization. Chief Economist Jonathan Sokobin explains how he built his office, the role he and his staff play in FINRA’s rule making and retrospect rule review processes and the importance of thinking economically when it comes to regulation. Bonus: you’ll learn why it is called The Ohio State University. Resources mentioned in this episode: Office of the Chief Economist Regulatory Notices – Retrospective Rule Reviews