Provides financial and risk modeling expertise to other offices and divisions to support supervisory, surveillance, and investigative programs related to corporate issuers, broker-dealers, investment advisers, OTCs, exchanges, and trading platforms. ORA also supports agency staff with examination planning, including providing guidance on the collection and analysis of data to help promote market risk and risk-based examination programs. Some of ORA deliverables include:

  1. The DERA Quarterly Economic and Risk Outlook, a quarterly publication on the status of the financial markets with a Research Spotlight.
  2. Supporting DERA and the SEC in international work, including in international bodies such as the FSB and IOSCO. ORA Financial Economists provide technical analyses to the Office of International Affairs that further the interests of the SEC.
  3. Empowering colleagues across the SEC in the Divisions of Enforcement, Trading and Markets, and Corporation Finance, and the Office of Compliance Inspections and Examinations in achieving the SEC’s mission using the latest empirical analyses and techniques.

ORA Economists

Christopher Arnold, Assistant Director (NYRO)

Giulio Girardi, Senior Financial Economist

Sherman Boone, Senior Policy Adviser

Gregory Allen, Financial Economist

Tolga Ergun, Financial Economist

Igor Kozhanov, Senior Financial Economist

Chandler Lutz, Financial Economist

Minyoung Pyo, Financial Economist

Jovan Stojkovic, Financial Economist

Nadia Winn, Financial Economist