Securities: Stock Options Expert Witnesses: 4

Dr. Richard D. Bateson: Expert in Quantitative Finance, AI, and Complex Financial Markets

Dr. Richard D. Bateson is a preeminent authority on quantitative finance, artificial intelligence (AI), and systematic trading. With a unique career spanning senior hedge fund leadership and a foundational doctorate in Physics from Cambridge, he provides expert witness testimony on technically complex financial disputes.

Core Expert Specialisms:

• AI & Systematic Trading: Proprietary technology, strategy development, and performance of algorithmic and machine learning systems. Dr. Bateson provides forensic analysis of proprietary algorithms and source code to compare and evaluate investment strategies.
• Hedge Fund & Investment Management: Governance, trading practices, valuation, and institutional standards of care.
• Financial Derivatives & Structured Products: Pricing, risk management, and market practice across asset classes.
• Complex Market Misconduct: Analysis of practices in algorithmic trading, alternative data usage, and market manipulation. 

Expert Witness Experience:

Instructed as an expert since 2017 on landmark UK and US cases, including:

• Bridgewater Associates v. Tekmerion (proprietary technology misappropriation).
• The UK's first major AI/machine learning case (The Lawyer's Top 20 Cases of 2020).
• Further instructions on hedge fund IP, valuation, and shareholder disputes.

Professional Background:

Founder & CEO of Bateson Asset Management (FCA-regulated AIFM). Former Head of the $5bn AHL Dimension fund (Man Group), Managing Director at RBC, and CEO of $2bn hedge fund MGIM. Holds a Ph.D. in Physics from Cambridge University.
 
Publications & Authority:

Author of "Quantitative Hedge Funds" (World Scientific, 2022) and the best-selling textbook "Financial Derivative Investments" (Imperial College Press, 2011). Also authored over 25 peer-reviewed papers in top physics journals during his prior research career.

Dr. Bateson is currently preparing an updated edition of "Quantitative Hedge Funds" and is under commission to author a new book on bonds and bond markets, further extending his published authority in finance. 

Braden M. Perry specializes in complex Financial Regulation, Enforcement, and Compliance Matters involving Commodities, Futures, Derivatives, and Securities. He is skilled in distilling highly technical and complex subject matter into clear, logical, and accessible analysis for fact finders, regulators, and courts. He excels at explaining financial and regulatory frameworks, tracing monetary flows, and articulating institutional practices in ways that are both understandable and persuasive.

Litigation Support - Mr. Perry works with attorneys, law firms, and regulatory professionals seeking a knowledgeable and credible expert in financial regulation, enforcement, and compliance. Ideal clients are those involved in complex litigation, arbitration, or investigations requiring clear, fact-based analysis of commodities, futures, derivatives, securities, or emerging technology issues. He particularly enjoys collaborating with counsel who value strategic insight, responsiveness, and the ability to translate highly technical matters into persuasive, understandable evidence for fact finders.

Mr. Perry brings a unique perspective as a former CFTC trial attorney and Chief Compliance Officer of a global financial institution, bridging regulatory enforcement, institutional compliance, and litigation strategy.

Areas of Expertise:

• CFTC, SEC, FINRA, NFA, CFPB, FTC Investigations
• Standards of Care for Broker - Dealers
• CTAs
• FCMs
• Internal and Regulatory Compliance Programs
• Nationally recognized for work in Cryptocurrency, Blockchain, AI, and Cybersecurity

View Braden M. Perry's Consulting Profile.

Thomas M. Selman, CFA, has served at the Financial Industry Regulatory Authority, most recently as Executive Vice President for Regulatory Policy and Legal Compliance Officer, for over 20 years. Mr. Selman oversaw more than a dozen regulatory programs and developed FINRA's formal Compliance Program. He is devoted to investor protection and market integrity.

Mr. Selman holds a JD degree., a CFA charter, and a CBDA from the Digital Assets Council of Financial Professionals. He is a member of three state bar associations.

Litigation Support - As President and CEO of Scopus Financial Group, Mr. Selman provides expert testimony in litigation for any consumer, industry, or associate person who is litigating a matter in which SEC or FINRA rules is an issue, including civil actions brought by customers, industry disputes, and commercial litigation. He has successfully testified in four FINRA arbitrations, one Delaware Chancery Court trial, one AAA arbitration, one United States District Court case, one California court case, and one SEC enforcement matter. Mr. Selman's senior regulatory experience allows him insight into the best approaches to expert testimony and the concerns of a regulator.

Areas of Expertise:

• Rules governing supervision of associated persons of broker-dealers and investment advisers
• Required written supervisory procedures of firms
• Sales practice rules of the SEC (such as the fiduciary duty of investment advisers and Reg BI)
• The 1940 Acts

View Scopus Financial Group's Business Consultant Profile.

Max Holmes has over 40 years of experience as a portfolio manager, research analyst, board member, lawyer, NYU Professor and expert witness.

Max Holmes has been an Expert Witness in various Federal & State Cases including Jury Trials / AAA, FINRA, ICDR & JAMS Arbitrations / Mediations.

Since 1993, Max Holmes has been an Adjunct Professor of Finance at the Stern Graduate School of Business at New York University, teaching "Bankruptcy and Reorganization."

Max Holmes has been the Chief Investment Officer / Lead Portfolio Manager for two large hedge funds ($2.7 billion and $5.4 billion of peak assets under management) as well as a small insurance company portfolio and a small mutual fund portfolio.

Mr. Holmes has been the Chair, Chief Executive Officer and Director of a life, health and annuity insurer and reinsurer.  Mr. Holmes has been a Vice Chair and Director of a large crypto bitcoin mining company.

Mr. Holmes worked in investment banking, research, trading and capital markets at Drexel Burnham Lambert, Salomon Brothers, NatWest Markets and Royal Bank of Canada.  Since 2015, Max Holmes has been a Senior Advisor to American Industrial Partners LLC, a private equity firm with $17.8 billion of assets under management.    

Max Holmes is a lawyer (member of the NY, TX and DC bars), has served on numerous boards of directors, and has previously held FINRA licenses for securities (Series 3, 7, 9, 19, 16, 24, 56 and 63), RIA, ERISA QPAM, Federal Reserve, FDIC, insurance, mortgage origination and servicing, municipal waste, FERC, ISO, and gaming in Nevada, New York and Canada.

Mr. Holmes is a graduate of Harvard College, Columbia Law School and Columbia Business School.

Areas of Expertise: