Securities Fraud Consultants: 7

David Tilkin is a Litigation Support and Consulting Specialist with over 20 years of experience in the Securities Industry and over ten years of experience in the Compliance Software Industry. Mr. Tilkin was the founder and CEO of Protegent, the first company to deliver automated exception reporting, auditing and sales practice review technology to the financial services industry. Protegent was sold to SunGard, Inc.

Currently the President and CEO of the Tilkin Group, Mr. Tilkin offers consulting and strategic leadership to lawyers, regulators, and companies seeking support in litigation, software procurement, and strategic planning. He maintains a Series 65 license and has previously maintained a Series 63, 7, 8, 4 and insurance licenses. He has extensive training in the securities industry as a broker, manager and regional director.

Mr. Tilkin has leveraged his intensive background in all aspects of broker-dealer operations to provide insightful, resourceful, and practical support. He has published numerous articles on the issues of suitability, supervision and financial services software and was recently asked to speak on the issue of financial services supervision at the Securities Law Clinic at Cornell University in Ithaca, New York.

Consulting Services Include:

View David Tilkin's Expert Witness Profile.

Scopus Financial Group is a FINRA Regulatory Policy and Legal Compliance company, helping broker-dealers fulfill their regulatory responsibilities while meeting their customers’ needs. With Scopus, broker-dealers navigate regulatory waters with confidence.

Scopus is an invaluable resource to the compliance-conscious broker-dealer. They deliver research that is customized to their client’s business,and stand ready to answer client questions and scope out information that is relevant to the broker-dealers they serve.

Business Consultant Services:

Regulation Best Interest / State Fiduciary Rules - Scopus not only helps clients with Reg BI and Form CRS.but also helps clients evaluate proposed state rules, develop alternative rule language, and prepare informed testimony to state legislatures and securities commissions on the possible effects of proposed rules on legitimate business.

Sales Practice Services - Scopus helps broker-dealers navigate the FINRA and SEC sales practice rules, guiding clients according to their particular products and services; conduct internal investigations for possible noncompliance, help clients review supervisory policies and procedures, apply sales practice rules to new products and services, develop compliance strategies, and resolve particular sales practice issues.

Analysis of Regulatory Technology Software - Scopus helps our clients assess regtech software by analyzing how it would apply to the client's business model, whether it would achieve the advertised purpose, and how well the vendor will perform necessary services.

Training - Scopus assists clients in the development of training programs, developing training content that is tailored to the audience, focused on the important points, and delivered most effectively.

Due Diligence - Scopus helps clients perform due diligence on proposed acquisitions or mergers, with particular emphasis on a firm's compliance history, risk management, and commitment to regulatory oversight.

View Thomas M. Selman's Expert Witness Profile.

James W. Lovely, BBA, MBA, JD, is an experienced provider of consulting advice, case analysis and expert witness testimony. He has more than 30 years of business and legal experience in the financial markets with particular expertise in:

• Complex financial products, including swaps, swaptions, options, futures, repurchase agreements, foreign exchange, commodities, prime brokerage arrangements, securitizations, structured notes and municipal bonds;
• Secured commercial lending and hedging arrangements often (but not exclusively) involving those complex financial products; and
• U.S. commercial, commodities, securities and banking law and regulations governing those financial products; and
• LIBOR transition to SOFR, Ameribor and other reference rates.

Mr. Lovely is a very capable writer and public speaker and currently maintains his own consultancy in the above-described areas of expertise. He assists his consulting clients and their legal counsel with: (i) structuring and documenting transactions involving financial products; (ii) evaluating and complying with, and educating personnel concerning, applicable law and regulation; and (iii) tailoring client business practices, compliance programs, and operating procedures to facilitate adherence to both law and corporate policy. He is adept at simplifying or clarifying complex financial products, disputes, and compliance obligations and translating between a client’s legal team and its executive/financial officers while delivering insightful analysis and sound practical guidance. He is intimately familiar with ISDA, NAESB, EEI, ICOM, IFEMA and SIFMA financial product documentation, forms and protocols. 

Consulting Engagements:

• Mr. Lovely has consulted with regional and community banks that provide derivative and/or foreign exchange products to customers and hedge residual risks with the major money-center banks. In this capacity, he has been involved with the evaluation, structuring, documentation, collateralization and occasional modification or novation of a wide range of financial products, typically in the context of a larger commercial lending relationship.
• Mr. Lovely has provided consulting services to family offices, hedge funds and CFTC licensed commodity pool operators in connection with a wide range of financial products and prime brokerage arrangements and concerning both SEC and CFTC compliance programs and obligations arising from that activity.

View James Lovely's Expert Witness Profile.

Braden M. Perry is a nationally recognized White-Collar Defense Attorney and complex litigator with a reputation for navigating clients through their most challenging legal crises. A former senior trial attorney with the U.S. Commodity Futures Trading Commission (CFTC), Mr. Perry led major investigations and prosecutions involving market manipulation, financial fraud, and regulatory violations. His government experience gives him unique insight into enforcement strategy and prosecutorial decision-making, which he leverages to defend clients facing federal and state investigations, enforcement actions, and criminal charges.

Practice Areas:

• White-Collar Defense & Government Investigations
• Regulatory Compliance & Enforcement
• Anti-Money Laundering & BSA/AML
• Securities, Commodities & Financial Markets
• Internal Investigations & Corporate Compliance Programs

As Co-Founder and Partner at Kennyhertz Perry, Mr. Perry represents individuals and companies in internal investigations, regulatory inquiries, and high-stakes litigation. He handles matters involving securities fraud, commodities and derivatives enforcement, anti-money laundering, FCPA violations, antitrust, and emerging areas such as cryptocurrency and digital asset enforcement. He has first-chaired trials in federal and state courts, defending clients against complex criminal and civil allegations with strategic precision and a deep understanding of agency priorities.

Mr. Perry serves on the Criminal Justice Act panels for the Southern District of Georgia, the District of Kansas, and the Western District of Missouri, representing indigent defendants in federal criminal cases, and has been recognized by Super Lawyers and Best Lawyers in America for his excellence in white-collar defense. Prior to founding Kennyhertz Perry, he was Chief Compliance Officer and Senior Vice President at a global financial services firm, overseeing broker-dealer, RIA, and alternative investment compliance.

View Braden M. Perry's Expert Witness Profile.

Global Forensic Services, LLC (GFS) is a Forensic Consulting, Laboratory and Investigative Firm offering over 37 years of experience and training in a wide range of forensic science and private investigation disciplines.

Larry Stewart has personally examined tens of thousands of individual items of evidence from sources such as state, local, and federal agencies (e.g. Federal Bureau of Investigation, Secret Service, Bureau of Alcohol, Tobacco and Firearms, Central Intelligence Agency, and others), and foreign governments. On several occasions he has examined cases involving international disputes between governments. 

Mr. Stewart has testified as an Expert Witness in state, federal and military courts of law, as well as in foreign court systems to include; Austria, Australia, Canada, Germany, Sri Lanka and Thailand. He has also testified at The Hague in the Netherlands and three times as an expert before the U.S. Congress. 

Areas of Expertise Include:

DMA Economics, LLC is a world class provider of Valuation Analyses in high-stakes litigation. Their clients include billion-dollar investment funds under SEC investigation as well multi-national firms involved in intellectual property disputes, consumers in product mislabeling cases, and small to mid-sized businesses involved in complex commercial litigation. 

DMA Economics has performed valuations for cases involving Theft of Trade Secrets, Securities Fraud, Product Mislabeling and Consumer Fraud, and Lost Profits and Enterprise Value to name a few. DMA Economics also has extensive experience in the valuation of business interests for non-litigation matters. These include but are not limited to valuations of non-public business interests, for acquisition and regulatory purposes.

 Donald M. May PhD, CPA, Managing Partner at DMA Economics, LLC, possesses over 30 years of Valuation and Economic Damages experience. He implements a broad range of damage analyses and valuations for clients including billion dollar investment funds under SEC investigation as well as smaller businesses concerned with the impact of potential litigation and strategies to reduce potential liability. 

Background Experience - Prior to founding DMA Economics LLC, Dr. May was Managing Director at Berkley Research Group and the Principal in charge of valuation and litigation support services for a regional accounting firm, a Managing Director for PricewaterhouseCoopers, and a professor at the Massachusetts Institute of Technology - Sloan School of Management. He has performed over 200 valuations of closely held businesses across numerous industries for financial reporting and estate planning. Dr. May has been published in several distinguished academic and practitioner journals such as The Journal of Finance, The Quarterly Review of Economics and Finance, Hedge Fund Law Review, and is currently an editorial board member of The Journal of Business Valuation and Economic Loss Analysis.

View Donald May's Expert Witness Profile.

CMC Advisors Inc. (CMC) provides expert Insurance Consulting and offers clients the upper hand in managing their assets and liabilities. They assist clients in managing investment portfolios by helping to determine if current Financial Retirement plans such as IRA, Roth IRA, Rollover IRA, 401(K), Keogh Plans, Pensions and Profit Sharing Plans are meeting retirement goals. Consulting Areas:

Wayne Citron has 45 years of experience as an expert in Forensic Reconstruction of Insurance Transactions. He is an insurance expert and consultant. Mr. Citron established the Citron Agency and CMC Advisors Inc. in 1972, where his duties included executive and managerial responsibilities, sales, service, compliance with all insurance matters as well as securities laws and regulations. Both firms are leaders in life, health, disability and property and casualty insurance.

Mr. Citron has served as an instructor for Prudential Insurance Company Brooklyn Agency (1973) educating personnel in general insurance matters, underwriting, and insurance law. He has worked with companies including Prudential Insurance Company, United States Life Insurance Company, North American Company for Life and Health Insurance, American General Life Insurance Company, William Penn Life Insurance Company, American Life Insurance Company, Chubb Insurance Company, Travelers Insurance Company, Mass Mutual Insurance Company, John Hancock Insurance Company, and American International Group (AIG), among other. Mr. Citron recently volunteered for Ocean County Long Term Recovery Group (OCLTRG) to reopen Super Storm Sandy flood claims and examine National Flood Insurance Policies, as well as deal with FEMA in these matters (2015 & 2016).

View Wayne Citron's Expert Witness Profile.