VCU professor appointed to SEC

By Frances Altman
VCU School of Business

David Dubofsky, Ph.D., finance professor, VCU School of Business, has been appointed an academic economic fellow at the Securities and Exchange Commission (SEC), in their Office of Economic Analysis (OEA).

He will be responsible for designing and conducting studies and analyses of the economic impact of existing and proposed rules promulgated by the SEC and self-regulatory agencies. His duties include reviewing relevant literature, designing studies, collecting data, computer programming, extensive statistical analysis, orally briefing other SEC staff on the relevance of the results and critically interpreting academic research or economic arguments.

The OEA's vision is to develop and maintain a staff of preeminent financial economists that contribute to an organizational culture recognized for excellence both nationally and internationally.

Primarily it has been Dubofsky's research on mutual fund timing that brought him to the agency's attention. They also were interested in his prior work in the areas of market microstructure and derivatives, on which he has written extensively. He is the author of a 2002 book "Derivatives, Valuation and Risk Management" (Oxford University Press). Dubofsky will be working with the SEC for about one year.