Socha sews up a new job

"We are very happy to be able to work with Jacek Socha. Jacek is an accomplished professional, who has deep knowledge of the capital markets, extensive transactional experience, as well as an excellent understanding of the regulatory environment in Poland. His experience will add significantly to our ability to bring innovative solutions to our clients," said George Johnstone, chairman of PricewaterhouseCoopers in Poland.

Socha was the head of the Securities and Exchange Commission (KPWiG) since its inception in 1994, and became famous for shaping its rules and philosophies - especially its position on advertising on the stock market. Under Socha, KPWiG argued that any information included in the advertising materials whose aim is to encourage investment should be based on facts. According to the Commission, any activity contrary to this rule is considered unfair competition.  

With Socha at its head, KPWiG helped engineer the Warsaw Stock Exchange debut of companies such as Telekomunikacja Polska, Agora, Pekao and Prokom. In 1997, the Commission, for the first time in the post-war history of the Polish capital market, agreed on a company's withdrawal from the stock exchange when Wedel's investor, PepsiCo, called for a share subscription.

Currently, Socha is an honorable member of the Broker & Dealer Association and the Brokerage Houses Association.