Florida Officials Fire Rubin, State's Top Banking Regulator
Financial Regulation Commissioner Ronald Rubin's lawyer Michael Tein failed to persuade Cabinet officials to issue an official censure instead of a pink slip.
July 26, 2019 at 12:39 PM
4 minute read
The Florida Cabinet fired the state's top banking regulator, a week after the release of a state investigator's report asserting that the official misused his public office and subjected women to sexual harassment.
The firing of Financial Regulation Commissioner Ronald Rubin deepened the public animus between him and Florida's Chief Financial Officer, Jimmy Patronis, who sought Rubin's ouster. The two have been sparring publicly over the sexual harassment allegations amid Rubin's countercharges of blackmail, “pay-to-play” corruption and using the “Me Too” movement for political gain.
As the state's chief financial regulator, Rubin was responsible for overseeing Florida's financial services industry, including banks and check-cashing outlets.
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