Steven worked as an engineer in the aerospace industry for 8 years. After pursuing a doctorate in economics, he embarked on a career that has included time at: the U.S. Comptroller of the Currency; the U.S. Commodity Futures Trading Commission; the Public Company Accounting Oversight Board; the U.S. Securities and Exchange Commission; and in the private sector providing litigation support for cases brought before the U.S. International Trade Commission.
Steven was born and raised in Colorado. Steven holds a Ph.D. in Economics, a Master’s Degree in Mathematical Trading & Finance, an MBA in International Business. and an undergraduate in degree in engineering.
Securities and Exchange Commission (SEC), (Washington D.C.)
Senior Financial Economist – Division of Economic and Risk Analysis (2008-2015)
Developed econometric models and data mining approaches to research potential violations of federal securities laws and in response to Tips, Complaints, and Referral’s (TCR’s) received by the Commission. Provided economic and financial analysis to the enforcement division related to ongoing securities litigation that resulted in successful regulatory actions. Provided economic analysis for the Commission to analyze the impact of various rules on capital markets.
Public Company Accounting Oversight Board (PCAOB), (Washington D.C.)
Deputy Director, Chief Economist – Office of Research and Analysis (ORA) (2005-2007)
For Division of Inspections, led development of a financial misstatement and fraud-targeting program based on creation of predictive models used to target issuers with a high probability of misstated financial reports and/or fraud. Performed cost/benefit analysis on the impact of the Sarbanes-Oxley legislation on market reaction to restatements, investor confidence, and equity market IPOs, delisting, and audit fees for use in congressional testimony.
Commodity Futures Trading Commission (CFTC), (Washington D.C.)
Senior Financial Economist – Office of Chief Economist (2003-2005)
Established an oversight program to evaluate risk management systems and clearing functions of derivatives-clearing operations, FCMs, and SROs. Conducted safety and soundness examinations of BDs and FCMs. Analyzed margin requirements for new futures market contracts for Commission approval.
Office of the Comptroller of the Currency (OCC), (Washington D.C.)
Senior Financial Economist – Risk Analysis Division (1999-2003)
Advised OCC bank examiners on interest rate risk management, liquidity risk, asset-backed securities, non-maturity deposit models, and credit scoring models.