Eric has expertise in many areas of forensic accounting, damage analyses, and economic analysis. His work includes profit and loss analyses, rescission calculations, and other damage reports and the analysis of other types of securities related data such as leverage and margin levels, and commission reports. Eric’s background includes compliance work for the NASD (now Finra), in-house analysis for Prudential Securities, and over 18 years of consulting work in securities litigations. He has been retained in over 900 litigations and has testified over 80 times in multiple forums.
Ponzi Scheme Litigation| 2010 – 2012
Prepared analysis in alleged Ponzi scheme case, tracing monies from claimant to financial advisor business and personal accounts and brokerage accounts of other advisor clients.
Short Against the Box Litigation | August 2011
Litigation involving a $50 million legacy stock position that was hedged using a short against the box transaction in 1997 and the subsequent purchase of leveraged closed-end funds and financial preferred stocks. Trial preparation included: analysis of 74 different accounts over 14 years; graphical analysis of 10 primary account investment flows, documenting sources and uses of funds; analysis of hundreds of new issue prospectuses; and creation of complex “but-for” analyses modeling damages of actual account performance against that of the hedged stock position.
Schwab Yield Plus Fund Casework | 2009 – 2013
Retained on multiple cases for over thirty claimants. Prepared account analysis and product report for counsel team.
Churning Case Litigation | 2003 – 2004
Analysis of over twenty accounts with more than 40,000 transactions, $1 billion of purchases and $40 million of losses.
NASAA Day Trading Project | 1999
Retained by NASAA to prepare analysis for sample of day trading firm customer accounts, with focus on turnover and trading cost ratios.
Report of the Day Trading Project Group | NASAA | August 1999