Expert Details

Brokerage Operations, Trade Reconciliation & Position Balancing, Customer Service, Risk Management

ID: 725541 Florida, USA

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Expert was an Associate Director in the Global Clearance Services Department for Bear Stearns Securities Corp. In this capacity he was responsible for supervising the Customer Relationship Managers and marketing firm services to existing and prospective hedge fund clients. He worked with the Risk Department to determine corrective market action as necessary for clients and then discussed this action with the clients. He reviewed client performance and understood their various trading strategies. He resolved trade discrepancies, balanced positions and was involved in all major problem solving matters. He was called upon to visit disgruntled clients and resolve their issues. He has over 40 years experience in brokerage operations, margin rules and regulations, risk management and marketing for professional option market makers and hedge funds.

Education

Year Degree Subject Institution
Year: 1961 Degree: Subject: Business Institution: Fox Business College

Work History

Years Employer Title Department
Years: 1983 to 2007 Employer: Bear Stearns Securities Corp. Title: Associate Director Department: Global Clearing Services
Responsibilities:
He marketed firm services, supervised relationship managers and performed risk management for traders on the Chicago Board Options Exchange.
Years Employer Title Department
Years: 1973 to 1983 Employer: A. G. Becker Title: Vice President Department: Back Office & Option Market Maker Clearance
Responsibilities:
He held various management positions in back office operations. He was the Risk Control Manager for professional traders on the CBOE.
Years Employer Title Department
Years: 1966 to 1973 Employer: E. F. Hutton, Inc. Title: Manager, Margin Department Department: Margin Department
Responsibilities:
He was manager over 10 margin clerks who were responsible for maintaining and servicing all customer accounts in the Chicago and Detroit regions.

Additional Experience

Expert Witness Experience
He served on Clearing Procedures and Financial Regulatory Committees at the Chicago Board Options Exchange for several years.

Fields of Expertise

hedge fund, market value, hedging, Financial Industry Regulatory Authority, securities finance, option (finance), risk management, operations management

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