A 19-year veteran of the organization will replace Linda Fienberg on Dec. 1.
Deal with clients at tense moments in their lives requires first-hand experience
Jonathan Sokobin, the regulator's chief economist, will bring together a group of small firms to better understand costs and benefits of the proposal.
Group will advance recommendations, with a key focus on cost versus benefit.
Finra proposal bashed as an 'envelope-stuffer'
The role moving to the SEC would require brokers to put written procedures in place to verify the accuracy of applicants' U4 forms.
Advocate urges SEC leader to move ahead with split commission.
Consensus may never be reached, with Gallagher and Piwowar already against it.
Other issues state regulators are tackling include expungement, broker fee disclosures and REIT concentration in portfolios.
Move comes as advice issues getting congressional attention.
