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S. A. Boyko » Profile

Mr. Boyko is the Chairman and CEO of N2K Ecosystems, Inc. — a business development consultancy providing market-based solutions for entrepreneurial wealthfare. N2K manages strategic change by stress-testing enterprise mission statements in a capital- and carbon-constrained environment.

Mr. Boyko has over forty years of financial services industry experience that include formulating regulatory policy for the National Association of Securities Dealers ("NASD"), managing regional brokerage operations for retail, institutional, and corporate clients, creating B3 (Brains, Bucks, and Been-there) metrics for economic development, and providing a practitioner's perspective for the privatization of the former Soviet Union in the areas of corporate governance and regulatory development of the Ukrainian Capital Market. He holds a BA in history from Bates College, an MBA in finance from American University and has taught MBA-level management and finance at the Kogod School of Business. He is conversant in French, Russian, and Ukrainian and serves on the Advisory Boards of Yorktown University and Teton Sands.

S. A. Boyko's Book

We're All Screwed: How toxic regulation will crush the free market system Markets are complex systems. If there is complexity, there is uncertainty. In “We’re All Screwed (reference below), I argue against governance policies that conflate “risk” and “uncertainty.” The inability to move away from the risk-uncertainty conflation affects not only capital market governance but the environment, homeland security, education, and healthcare. The gravamen of this problem stems from our policymakers being almost exclusively deterministically trained—law, accounting, and economics. They therefore have difficulty identifying, analyzing, and solving issues that are increasingly becoming more indeterminate.
What we need now is capital market governance of randomness—a blueprint for fundamental change to the legacy, one-size-fits-all deterministic governance regime. Trying to have a one-size-fits-all governance, is analogous to writing one driving manual for the US and UK. In “We’re All Screwed,” I describe how to segment the market into predictable, probabilistic, and indeterminate regimes to do the right things for governance effectiveness and how to do things right for governance efficiency.
The legacy governance system for the US capital market is in disrepair. To achieve real regulatory reform, policymakers have to move beyond form to substantive issues. Unless experimentations to the legacy, one-size-fits-all deterministic regime take place, our capital market will be caught in a recursive loop of errors of commission (boom-bust bubble inefficiencies) and errors of omission (externality market inefficiencies). Such inefficiencies will eventually render our source of economic wealth ineffective.
If this happens, we’re all screwed.
Stephen A. Boyko
n2keco@bellsouth.net
Author of “We’re All Screwed: How Toxic Regulation Will Crush the Free Market System”
www.w-apublishing.com (http://www.w-apublishing.com/Shop/BookDetail.aspx?ID=D6575146-0B97-40A1-BFF7-1CD340424361)
Book Review: Brenda Jubin, Ph.D Thursday, October 8, 2009
http://readingthemarkets.blogspot.com/search?updated-max=2009-10-15T06%3A23%3A00-04%3A00&max-results=7
Boyko, We’re All Screwed!
Visit http://www.wikio.com/books/we-re-all-screwed-ho... »
Snapshot
  • Financial advisor
  • Trading frequency: Infrequent
Interests:
  • Bonds
  • ETFs
  • Forex
  • Mutual Funds
  • Options
  • Stocks - long
  • Stocks - short