David has been retained by a Federal Regulator to prepare an Expert Witness Report for use in Federal Litigation. The reports was based on his review of among other things, new account documents, trading activity, customer suitability analysis, depositions, complaints and related regulations. David had also been retained to prepare a findings report for a state enforcement agency based on the review of penny stock transactions and suitability issues. As a Financial Crime Compliance Subject Matter Expert, David has appeared as both a Moderator and Panelist at industry conferences including in Washington D.C. at the Congressional Taskforce on Terrorism and Unconventional Warfare.
David has over thirty(30) years of experience as a Financial Crime Compliance Executive building Anti-Money Laundering (“AML”), Due Diligence and Fraud Management programs in the Broker-Dealer space. He specialized in the management of Suspicious Activity Report (“SAR”) investigations covering potential money laundering, customer suitability, market manipulation, penny stock fraud, cybersecurity, cryptocurrency and high-risk products (i.e., Private Placements, Cannabis Issuers). David also served as a member of several Senior Management Compliance and Operational Risk Committees covering both internal and external risks (i.e., Employee Disciplinary Actions, Penny Stock Trading, Customer Suitability, High-Risk Products/Services and Risk Assessments).
David has been an active FINRA Arbitrator for over ten(10) years and is Chair qualified.
Through analysis of client activity, BD Controls and regulations, David is available to assist with the preparation of Complaints, Responses, and Expert Reports utilized during settlement negotiations. He is also available to testify as an Expert Witness.
Testimony Experience:
1987-1990: Testified at Enforcement Hearings on behalf of FINRA.
1990-1997: Testified as a Factual Expert on behalf of Prudential Securities at FINRA Arbitrations.
SER Associate Member
Curriculum Vitae