Logo

Provides Testimony In

Fiduciary Assessments, Retirement Plans, Investment Stewards, Defined Benefit Plans, Investment Fiduciary Analyst, Certified Fraud Examiner, Securities Investigations, Investement Advisor, Securities Arbitration, Due Diligence, Private Placements, Public Offerings, Investment Banking, Fiduciary Duties, Ponzi Schemes, Fraud, 506(b) 506©, Selling Away, Broker Conduct, Assect Allocation, Damage Calculations, Equity, Fixed Income Investments

EXPERIENCE.

President, Securities Investigations, Inc. — due diligence, expert witness, consulting, and investment research firm (founded in 1981 – present).
Registered Investment Adviser — President and Principal (1984–1997).

Over four decades’ experience as an investment and securities professional and thirty-five years as an expert witness.

Consultant and expert in securities arbitration and litigation, including due diligence, private placements and public offerings – investment banking, fiduciary duties and responsibilities, Ponzi schemes, compliance and supervision, suitability, Ponzi schemes, fraud, 506(b) and 506(c), selling away, broker conduct, asset allocation, damage calculations, equity and fixed income investments, tax shelters, and disclosure responsibilities.

Financial Products Standards Board of the Institute for Certified Financial Planners — established industry standards in private placements and public offerings, due diligence, investor suitability, real estate, oil and gas, mutual funds, insurance products, and equipment leasing – Chairperson of Insurance Task Force (1989-1990), Member (1986–1990).

Board of Advisors for Personal Financial Planning, a bimonthly publication of Warren, Gorham & Lamont, Member (1988–2000).

Accredited Investment Fiduciary Analyst™ — Center for Fiduciary Studies, Katz Graduate School of Business, University of Pittsburgh (2004).
Reviewed over 150 investment portfolios since 2009 to assess whether portfolios were
compliant with fiduciary standards.
External Reviewer, Contributor, Quality Control Adviser for Update fi360’s Prudent Practices for Investment Advisors and Prudent Practices for Investment Stewards (2011-2012), Published 2013.
fi360 Certification Review Committee Member – review cases of potential fiduciary misconduct to safeguard the integrity of the AIF® and AIFA® Professional Designations (2014-2017).
Among first 50 people to successfully complete ISO-Based Training Class (2006).
Among first 9 People to successfully complete Investment Manager Certification Training (2006).
Among first 50 people to receive training for CEFEX Update (2012).
Conducted one of the first Centre for Fiduciary Excellence (CEFEX) “Certification of Investment Support Services for Fiduciaries” assessments.

Certified Fraud Examiner — Association of Certified Fraud Examiners (Since 2005).

Arbitrator with Financial Industry Regulatory Authority Dispute Resolution (2007 to Present).
Arbitrator (Chairperson Qualified 2003) with the National Association of Securities Dealers Dispute Resolution Board of Arbitrators (Arbitrator from 2002 to 2007).
Arbitrator with the New York Stock Exchange (2003 to 2007).
Arbitrator with the National Futures Association (Since 2003).
Arbitrator with the American Arbitration Association (1980s).
Mediator (Certified 2004) with Woodstock Justice Court (2004), Common Ground (2003 to Present), United States Department of Agriculture (2014 to Present).

Guest Lecturer on the role and duties of an expert witness in arbitration and litigation, fiduciary standards of care, fiduciary responsibilities, selling away, and damages calculations at Albany Law School (January 2005 and February 2009). Pro bono liaison to Albany Law School on behalf of the Securities Experts’ Roundtable (2005-2009).

Lecturer on investment topics to financial professionals.

Author, Everybody’s Guide to Tax Shelters, as well as training manuals, articles, and newsletters on all types of investments.

Expert Witness, clients have included the United States Department of the Treasury – Internal Revenue Service regarding private placements and the State of New Jersey regarding private placements. Damages calculations methodology provided for U.S. Supreme Court case.

Interviewed and quoted in national financial print media, radio, television, and business publications including Forbes, Money, Financial Planning, and Fortune and major newspapers including The Wall Street Journal, Barron’s, and The New York Times.

Participant in the Open Compliance & Ethics Group (a not-for-profit) benchmarking study of governance, risk management, compliance, and ethics programs (1 Q 2005).

EMPLOYMENT HISTORY.

1981–Present — President and Founder.
Securities Investigations, Inc., Woodstock, New York,
Due Diligence, Investment Research, Valuation, Expert Witness, and Consulting Firm.

2009 – 2015 — Lead Analyst.
Centre for Fiduciary Excellence (CEFEX),
Independent Global Assessment and Certification Organization.

2011–2014 — Affiliate.
The Bates Group, LLC,
Expert Witness and Consulting Firm (Private),
2010–2011 —Affiliate,
LECG (Precursor Organization to The Bates Group, LLC),
Expert Witness and Consulting Firm (Publicly-Traded NASDAQ Firm).

1980–1981 — President and CEO.
Resource Control Management Corporation,
Resource Extraction/Recycling Company (Publicly Traded Over-the-Counter Company).

1979–1981 — Consultant.
New York, New York,
Due Diligence, Investment Research, Valuation, Expert Witness, and Consulting.

1978–1979 — Manager and Founder, Tax Investment Department, Investment Banking Department.
Bruns, Nordeman, Rea & Co., New York, New York,
New York Stock Exchange Member Firm,
National Association of Securities Dealers, Inc. Firm.

1977–1978 — Divisional Director, Tax Investment Department, Investment Banking Department.
Josephthal & Co., New York, New York,
New York Stock Exchange Member Firm,
National Association of Securities Dealers, Inc. Firm.

1976–1977 — Tax Investment Specialist.
Loeb, Rhoades & Co., New York, New York,
New York Stock Exchange Member Firm,
National Association of Securities Dealers, Inc. Firm.

1975 — Co-Director, Marketing.
NFC Petroleum, New York, New York,
Oil Drilling Company,
National Association of Securities Dealers, Inc. Firm.
1974 — Co-Manager, Tax Investment Department.
Moseley, Hallgarten & Estabrook, New York, New York,
New York Stock Exchange Member Firm,
National Association of Securities Dealers, Inc. Firm.

1974 — Marketing and Analysis.
J.F. Crowley and Company, Inc., New York, New York,
Tax Investment Firm,
National Association of Securities Dealers, Inc. Firm.

1973 — Financial Lecturer.
S.S. Queen Elizabeth II – Cruise Ship.

1973 — Senior Associate, Marketing.
ENI Corporation, New York, New York,
Oil and Gas Research and Marketing Firm,
National Association of Securities Dealers, Inc. Firm.

1972–1973 — Tax Investment Specialist.
Fidelity Mutual Life, New York, New York,
Estate Planning and Insurance Company,
National Association of Securities Dealers, Inc. Firm.

EDUCATION AND PROFESSIONAL DESIGNATIONS.

  • Certified Fraud Examiner — 2005 (Professional Designation).
    Association of Certified Fraud Examiners.
  • Accredited Investment Fiduciary Analyst™ — 2004 (Professional Designation).
    Center for Fiduciary Studies,
    Katz Graduate School of Business, University of Pittsburgh, Pennsylvania.
  • Master of Business Administration Program — 1974 (Attended).
    City University of New York, New York.
  • Master’s Program — 1972 (Attended).
    Sorbonne University, Paris, France.
  • Bachelor of Arts — 1968 (Degree).
    Wesleyan University, Middletown, Connecticut.

PROFESSIONAL LICENSES.

  • Accredited Investment Fiduciary Analyst®, AIFA®, 2004 to the Present.
  • Certified Fraud Examiner, CFE, 2006 to the Present.
  • Previously held professional licenses with the NASD or New York State: securities products, including corporate securities, municipal securities, municipal fund securities, options, direct participation programs, commodities, mutual funds, variable annuities, life insurance, accident insurance, and health insurance. No complaints or violations.

MEMBERSHIP

  • Securities Experts’ Roundtable, Chairman of the Board and President, 2013-2014; President-Elect, 2012 – 2013; Member of the Board of Directors, 2009 – 2015; Chairman, Nomination Committee 2009-2011;
  • Corporate Secretary 2009-2010; Chairman, Membership Committee 2011-2012; Chairman, Strategic Planning Committee 2012-2015, Member 2004-Present.
  • Advisory Panel for the Accredited Investment Fiduciary™ and Accredited Investment Fiduciary Auditor™ Designation, 2010-2011.
  • Securities Industry and Financial Markets Association –Compliance and Legal Society.
  • Association of Certified Fraud Examiners.
  • Tillit Group – Senior Advisory Consultant – provide independent fiduciary audits, including formal reports, reviews, and consulting services to investment fiduciaries.
  • Who’s Who in America.
  • Who’s Who in Finance and Industry.
  • Financial Planning Association.
  • A.M. Best Company Directory of Recommended Insurance Expert Services Providers (2006).
  • Standard & Poor’s Register of Corporations, Directors, and Executives.
  • Maverick Concerts, Inc., Investment Committee – Past Trustee.
  • Dictionary of International Biography.
  • Authors Guild.

 

 

Speak With This Expert For Free

Request This Expert

Can’t Find The Right Expert?

Click Here & We Will Help You