Stephen Obie, the Regional Administrator/Regional Counsel of the U.S. Commodity Futures Trading Commission’s New York office has joined Jones Day as a partner in its Financial Institutions Litigation & Regulation Practice. Obie was also the Acting Director of the Enforcement Division of the USFTC from 2008 to 2010, and then worked as the agency’s Chief Trial Attorney.
In his work at the USFTC, Obie advised senior management and Presidential appointees on enforcement and policy matters. He planned and supervised enforcement attorneys in prosecuting violations of the U.S. Commodity Exchange Act. During his tenure, Obie was instrumental in establishing the forensic economist unit within the USFTC’s Enforcement Division. Also, from 2009 to 2010, Obie was a co-chair of the Securities and Commodities Subcommittee of the President’s Financial Fraud Enforcement Task Force.
Jay Tambe, co-leader of Jones Day’s Financial Institutions Litigation & Regulation Practice said, “Stephen’s intimate understanding of the Commodity Futures Trading Commission and the Commodity Exchange Act will be a valuable additional resource for our clients … With more than 15 years of experience at the U.S. Commodity Futures Trading Commission, he is one of the futures industry’s best known and respected regulatory lawyers.”
On his part, Obie said, “Today’s complex global financial markets require both rapid and strategic approaches to address the priorities of financial institutions, and I look forward to being part of a great practice group, where lawyers from around the world advise leading institutions in the Americas, Europe, and Asia through the ever changing rules and regulations affecting banking institutions globally.”
Stephen Obie received his J.D. from the State University of New York at Buffalo, and his B.A. in Political Science from Drew University. He is licensed to practice in the District of Columbia and the State of New York.