Who we are

Navesink International is the premier expert witness firm for financial markets. We help the most prominent law firms win complex cases by providing expert witnesses with the highest quality and the strongest technical knowledge.

Our team of experts provides the necessary and relevant services including analysis of the facts of the case, discovery review and suggestions, review of the arguments’ technical strengths & weaknesses, expert witness reports and depositions as well as expert witness testimonies.

What we do

We cover a wide range of topics through our in-house experts and our financial markets network of C-level industry professionals. Our depth of expertise, our experience and our resources allow us to handle the largest and most technical cases for the duration.

Our experts

Navesink International’s uniquely qualified experts are all industry veterans who can cover the most complex topics and cases in the securities industry. All our experts are selected based on peer recommendations and vetted before representing Navesink International.
We take pride in representing the highest quality expert witnesses with the strongest
technical knowledge and we do not employ consultants or junior expert witnesses.

1934 Act compliance***1940 Act compliance (Form ADV)***ABS***acquisition financings***asset-backed securities***commodity derivatives***consulting agreements***corporate governance***Corporate trust agreements***credit default derivatives***credit default swap (CDS)***currency derivatives***derivatives***dissolution agreements***distributor agreements***employment agreements***equity derivatives***franchise agreements***indentures***intercreditor agreements***interest rate derivatives***interest rate swaps***joint venture agreements***lease financing***letter of credit transactions***limited recourse financings***litigation supervision***loan documents***M&A agreements***mortgage-backed securities (MBS)***partnership agreements***preferred stock terms***private placements***project financing***proxies***proxy statements***public offerings (debt and equity)***purchase and license agreements***Reg 144A***Reg D***Reg FD***Reg S***registration rights agreements***Regulation S offerings***repurchase (repo) agreements***reverse repurchase (reverse repo) agreements***Rule 144A offerings***Section 16 compliance***secured loans***securities fraud***securitizations***shareholder agreements***shareholder proposals***software development agreements***stock option plans***structured finance transactions***structured products***subordination agreements***syndicated and single-lender asset-based loans***synthetic loans***technology agreements***vendor agreements***workouts***

Bonds & credit***Complex securities & derivatives***Fraud***Governance***Legal & regulations***Project finance***

Craig Wolson, Esq.

Craig Wolson, Esq., a specialist in securities offerings, securities fraud, derivatives, structured finance/securitization, and secured lending, has extensive experience with various financial instruments such as ABS, CLOs, MBS, CDOs, CDS, interest rate swaps, CLNs, and repurchase agreements. Throughout his career, he has held senior positions at prominent law firms such as Shearman and Sterling, Mayer, Brown & Platt, and Cadwalader, Wickersham & Taft. He has also served as an expert witness and consultant for leading litigation firms, including Berger Montague, Chapman and Cutler, and Robbins Geller.

alpha generation***artificial intelligence (AI)***asset unwinding***bilateral and multilateral compression expert***bonds***callable debt issuance***complex securities***cybersecurity***delta***derivative bankruptcy workout***derivatives***equity swaps***Equity-Linked Swap (ELS)***exotics***FINRA Series 24 Principal***fixed income***foreign exchange***fund allocation***futures & options***FX***FX forwards***FX options***gamma***global capital markets***global macro***Greeks***hedge funds***hedging***interest rate swaps***listed derivatives***machine learning (ML)***market making***market research***Muni swaps***option exercise***option pricing***option settlement***portfolio construction***portfolio management***put-call parity***quantitative research***risk management***structured notes Issuance***structured products***structuring***swaps***trader***trading***trading manager***trading strategies***treasury bond futures***USD Medium Term Notes***USD rates options***volatility***yield curve***yield curve construction***

Complex securities & derivatives***Fixed Income***Quantitative strategies***Trading & portf. management***

Luc Faucheux, PhD

Luc Faucheux, PhD, is a distinguished expert with over 25 years of experience in quantitative research, trading, and management across Wall Street's Fixed-Income derivatives sector. As former Head of USD Rates Trading at Citibank and USD Rates Options Trader at UBS, he demonstrated exceptional skill in option pricing, trading, and risk management. Luc's academic background, including a Ph.D. in Theoretical Physics from Princeton University, contributes to his deep understanding of financial mathematics, making him a sought-after expert in complex fixed income financial instruments.

asset services***Broadridge BPO***cost reduction***domestic settlements***equity operations***fixed income operations***international settlement***municipal bond settlement***offshore entity transition***offsite integration***operations entry processing***options***options arbitrage***Powercage***reconciliation***settlement***stock loan***vendor supervisory group (VSG)***

Operations & cash***

James Happaney

James Happaney, with 40+ years in the securities industry, excelled in Operations processing. Notably, at Nomura Securities, he implemented the Powercage settlement system, managed offshore transitions, and led the successful adoption of the Broadridge BPS system, reducing costs by $13MM. Serving as Executive Director of Operations, he oversaw diverse aspects, from settlements to asset services. Happaney retired from Nomura Securities in 2018, leaving a legacy of efficiency and strategic contributions.

asset types (stocks)***Bank of America (BAC) merger***Basel II compliance***bonds***Chief Credit Officer***collateral***collateralized financing executive***collateralized lending***counterparty rating system***credit committee***credit limits***credit policies and procedures***credit quality assessment***credit risk limits***credit risk management***credit risk officer***derivatives***due diligence***Federal Reserve Board (FRB)***funding transactions***FX***global risk exposure***hedge fund portfolio***hedge funds***high net worth individuals***ISDA negotiations***ISDAs and CSAs***margins***multinational banks***Office of the Comptroller of the Currency (OCC)***options***prime brokerage***risk attributes***risk integration***Securities industry***special finance committee (SFC)***stock lending & borrowing (SLB)***stock loan***stocks***swaps***

Bonds & credit***Equity finance & Prime***Risk management***Trading & portf. management***

Robert McDonough

Robert McDonough is a distinguished finance professional with an illustrious career spanning over four decades in the securities industry. With extensive experience at esteemed institutions such as Bank of America Merrill Lynch, he has honed his expertise in prime brokerage credit risk management, due diligence, credit quality assessment, margin policies, and credit lines limits. He has established a proprietary counterparty rating system for global Hedge Fund portfolios. Robert's profound insights and regulatory knowledge make him an esteemed authority in prime risk.

2008 mortgage crisis***advisory services***AML discovery team***anti-money laundering (AML)***artificial intelligence (AI) for AML/BSA compliance***audit plan reviewer***Bank Secrecy Act (BSA)***banking-as-a-service***Binance***BitLicense application***blockchain***blockchain governance***compliance and legal officer***Consumer Financial Protection Bureau (CFPB)***correspondent banking***crypto***cryptocurrencies***cryptocurrency compliance***embassy banking***Federal Reserve Board (FRB)***financial crimes compliance***FinTech***fraud***fraud detection & prevention***General Data Protection Regulation (GDPR)***Know-Your-Customer (KYC)***matters requiring attention (MRAs)***money service businesses (MSBs)***Money Transmission Laws (MTLs)***money transmitter license application (MMLA)***Mphasis***Nationwide Multistate Licensing System (NMLS)***Office of the Comptroller of the Currency (OCC)***Payment Services Directive II (PSDII)***politically exposed persons (PEPs)***remuneration guidelines***risk-based BSA/AML programs***sanctions***Suspicious Activity Reports (SARs)***training and audits***web3***

Digital assets***Fraud***Legal & regulations***Operations & cash***

Christina Rea, Esq.

Christina Rea, Esq., founder of RayCor Consulting, holds over 10 years' experience as a senior compliance manager and Chief Compliance Officer/BSA Officer. Specializing in Fintechs, cryptocurrencies, and Money Service Businesses, she offers expert witness testimony in financial cases, covering AML, fraud, and cryptocurrency. Providing fractional CCO services, advisory, training, and audits, Rea collaborates with major global cryptocurrency and payments companies, helping them obtain licenses and navigate compliance-banking partnerships. A seasoned speaker, she also serves as a content advisor for regulatory and fintech partners.

alternative risk premia***asset allocation***business development***capital introduction***capital raising***Commodities Trading Advisor (CTA)***Commodity Pool Operator (CPO)***due diligence***family office consulting***FINRA regulations***fund-of-funds***futures clearing***global macro***head of research***hedge fund investments***institutional investors***listed derivatives***NFA/CFTC***portfolio management***prime brokerage***risk premias***securities industry essentials (SIE)***separately managed accounts (SMA)***strategic advisory***systematic strategies***team leadership***venture capital***

Equity finance & Prime***Investing***Quantitative strategies***Trading & portf. management***

Thomas A. Ducrot

Thomas Ducrot is an authority in alternative investments and prime brokerage, brings profound expertise to the financial landscape. As the Co-Founder and CEO of Fides + Ratio LLC and Ratio Indices LLC, he has orchestrated high-profile hedge fund transactions, M&A advisory, and strategic investment selections. Ducrot's dynamic career spans roles at prestigious institutions like Morgan Stanley and Newedge, where he focused on hedge funds covering listed derivatives and systematic strategies. With a transnational background and an acumen in futures clearing, Ducrot is a pivotal figure in financial expertise.

alternative strategies***arbitrage***asset management***benchmarking***Black-Scholes***Broker dealer founder***business development***clearers***commodities***commodities trading***delta***derivatives***execution***financial markets***FINRA Series 24 Principal***futures & options***gamma***Greeks***hedge funds***hedging***high frequency trading (HFT)***high volume trading***indexing***investment research***liquidity management***listed derivatives***market capital***options***options clearing***portfolio construction***portfolio management***position liquidations***proprietary trading***put-call parity***risk management***structured products***trader***trading***volatility***

Commodities***Complex securities & derivatives***Equities***Quantitative strategies***Risk management***Trading & portf. management***

Alan Harry

Alan Harry is a distinguished authority in commodities, options, and financial markets. With an illustrious career spanning over 30 years, Mr. Harry's exceptional proficiency extends across commodities, options, trading, and portfolio management. He has successfully founded and led multiple trading operations, driving substantial market capital growth. Notable in manipulation investigations, portfolio management, and dispute resolution, the former CEO at Harry Capital, is now the Managing Partner at AH Franklin LLC. Rutgers University B.E. graduate, Slade Scholarship recipient.

Black-Scholes***cash flow analysis***CDS indices***Chief Credit Officer***co-chaired derivatives task force***commercial banking***commodity supply and trading***corporate banking***Corporate Credit Officer***cost of carry***credit default swap (CDS)***credit origination officer***credit risk***cross-hedging***currency swaps***delegated highest credit approval authority***derivative hedging***derivative trading***derivative valuation***derivatives***derivatives valuation***energy & chemicals risk management***energy corporate finance***energy derivatives***energy finance***energy structured finance***European corporate banking***exchange-traded derivatives***financial products origination***financial products origination and macroeconomist***firm valuation***forwards***futures***futures & options***futures trading strategies***Global credit liaison***hedging***interest rate swaps***interest rates***international finance***ISDAs and CSAs***large corporate banking***leveraged finance***listed derivatives***macroeconomy***margining***merchant power generation and trading***middle market corporate banking***natural gas***oil and gas***options***options trading strategies***over-the-counter (OTC) derivatives***put-call parity***reserve based lending***risk management***risk-weighted asset (RWA) arbitrage***speculating***structured products***swaps***treasury bond futures***utilized credit derivatives***

Bonds & credit***Complex securities & derivatives***Project finance***Trading & portf. management***

William Procasky, CFA, Ph.D.

Dr. William J. Procasky, CFA, PhD, is a distinguished authority in commodities, credit, and derivatives. With a remarkable career spanning over 25 years, Dr. Procasky's expertise encompasses financial derivatives, credit default swaps, commodity trading, energy finance, and corporate banking. His exceptional contributions include serving as Chief Credit Officer for a leading natural gas derivatives trader, driving innovative risk management strategies and collaborating with industry borrowers. Dr. Procasky's profound grasp of futures, options, swaps, and credit derivatives is complemented by his role as an esteemed academic, sharing his insights through teaching and published research.

basis***benchmark manipulation***Black-Scholes***collateral***Commodities Trading Advisor (CTA)***complex securities***convertible bonds***credit default swap (CDS)***crosscurrency swaps***cum/cum***cum/ex***delta***derivatives***due diligence***equities***equity derivatives***equity finance***equity swaps***Equity-Linked Swap (ELS)***exchange-traded derivatives***exchange-traded funds (ETFs)***exchange-traded notes (ETNs)***exotics***forwards***fund-of-funds***fundamentals***futures***gamma***Greeks***hedge funds***hedging***hiring & firing***indexing***indices***interest rate curves***inventory optimization***investigations***leverage***listed derivatives***options***over-the-counter (OTC) derivatives***portfolio construction***post-mortems***proprietary trading***put-call parity***quantitative investments***relative value***repo***risk premias***risks***selection***separately managed accounts (SMA)***spot***stock lending & borrowing (SLB)***stocks***strategy review***structured products***structuring***swaps***synthetic equity***tax trading***total return swap (TRS)***trading loss***VIX***volatility***warrants***yield enhancement***

Complex securities & derivatives***Equities***Equity finance & Prime***Quantitative strategies***Trading & portf. management***

Gontran de Quillacq

Gontran de Quillacq boasts a distinguished 25+ year career, excelling in trading, portfolio management, and investment research. Renowned for his expertise in equity derivatives, options, and structured products, he has held pivotal roles at premier banks in London and NYC. With a robust academic foundation from institutions like HEC Paris, UC Berkeley, and École Normale Supérieure de Lyon, de Quillacq is an exceptional communicator, who elucidates complex financial concepts with clarity and authority.

algorithmic trading***anti-money laundering (AML)***asset management***best execution***block trading***capital markets***company buybacks***compliance***Customer Protection***Direct Market Access (DMA)***distressed securities***due diligence***Electronic trade execution***financial regulations***financial reporting requirements***FINRA Series 24 Principal***hedge funds***institutional trading***Know-Your-Customer (KYC)***market making***market structure***order management systems***OTC trading***portfolio management***private placements***quiet period***Reg 144A***Reg D***Reg FD***Reg S***reg T***regulatory landscape***reporting requirements***risk management***Rule 15c3***safe harbor***short sales***SPAC***stocks***systematic trading environment***trader***trading***

Equities***Trading & portf. management***

Kerry R. Langston

Kerry Langston is a distinguished financial market professional with extensive expertise in OTC securities trading and handling, backed by over 25 years of industry experience. As Managing Director at Celadon Financial Group, he excels in best execution, compliance, and due diligence. Langston's proficiency spans market-making, risk management, and client relations, including capital introduction and capital raising. With a strong record of building relationships and optimizing client outcomes, he is a respected figure in institutional trading and broker/dealer services.

algorithmic trading***alternative asset management***asset controls***asset verification***atomic swap***automated market making (AMM)***bitcoin (BTC)***blockchain governance***bridge risk***Byzantine Generals’ Problem***cipher***coin mixer***cold storage***cold wallet***compliance***composability risk***conflicts of interest***consensus***controls***cross-chain***crypto***crypto exchanges***crypto investment advisory***crypto risk modeling***crypto trading***cryptocurrencies***cryptocurrency derivatives***cryptocurrency market analysis***cryptocurrency taxonomy***Cryptographic Hash Function***custody***DDoS attack***Decentralized Autonomous Organizations (DAO)***decentralized exchanges***Decentralized Finance (DeFi)***DeFi protocols***derivatives***digital asset management***Distributed Ledger Technology (DLT)***enterprise risk management (ERM)***ERC (token standard)***escrow***gas***governance***governance model***governance token***hack***hash function***high frequency trading (HFT)***Howey Test***impermanent loss (IL)***incentive mechanism***interconnectedness***Layer 1***Layer 2***liquidity pools***margin calls***market making***model risk***model validation***Money Transmitter License***OffLedger***operational due diligence (ODD)***operational risk***oracle risk***Perpetual futures (Perps)***Ponzi scheme***portfolio management***private key***pseudonymity***pump and dump***quantitative models***Race Attack***regulatory agenda***regulatory compliance***risk appetite***risk appetite framework***risk appetite metrics***risk assessment***risk framework***risk management***risk reporting***rug pull***seed phrase***short squeeze***Simple Agreement for Future Tokens (SAFT)***smart contract audits***Soft Fork***stablecoins***Sybil Attack***synthetic assets***systemic risk***technology risk***tokenization***tokenomics***trader***trading***trading bots***utility token***Vampire Attack***Vaporware***wallets***wash trades***Wrench attack***Zero Knowledge Proof***

Digital assets***Fixed Income***Governance***Risk management***Surveillance & investigation***

Emmanuel D. Chesnais

Emmanuel Chesnais, a seasoned risk executive with 25+ years in industry and consulting, excels in navigating complex trading environments. Specializing in the buy-side, he possesses diverse skills in risk management, analytics, controls, and governance. His expertise spans model risk, enterprise risk, and portfolio risk. Emmanuel has successfully developed, built, and managed risk frameworks for various financial entities, including hedge funds, asset managers, crypto firms, and banks, demonstrating a deep commitment to addressing strategic opportunities in dynamic markets.

21Shares***administration***Algorand***AQUIS in London***asset management***audit***Audit Committee***authorized participant (AP) agreements***balance sheet management***Bitcoin***BMR indices***Board member***board of directors***Boerse Stuttgart***broker-dealers***brokerage***BX Swiss***capital markets***capital raising***Cardano***CEC Capital***Chief Executive Officer***coaching & training***Coinsilium***compliance***corporate governance***corporate strategy***DB’s Xetra (CCP)***derivatives***Dubai exchange***Ethereum***Euronext Paris/Amsterdam***exchange-traded funds (ETFs)***exchange-traded products (ETPs)***filings***fund raising***general meetings***Global Advisors / Coinshares***GOLD***Hashdex***hiring***institutionals***interim management***internal controls***investor relations***Israel exchange***issuance***Issuance.Swiss***Lionsgold***listing***listing requirements***Litecoin***market-marking agreement***media strategy***Nasdaq Nordic***Nasdaq Stockholm***non-executive director***planning***Polkadot***press releases***prospectus***public relations***relationships***risk reporting***sales & marketing***Solana***stock exchanges***strategic decision***Tallymoney***TRAC***Tradegate***Virtune***white labeling***Wiener Boerse (Vienna Stock Exchange)***XBT Provider***XRP***

Complex securities & derivatives***Digital assets***Exchanges & markets & listings***Investing***

Laurent Kssis

Laurent Kssis is a prominent figure in the European ETF and crypto ETP landscape, with 20 years of extensive experience. As the founder of CEC Capital in London since 2013, he specializes in guiding issuers through the process of listing innovative crypto-related vehicles on European stock exchanges. Notably, he facilitated the successful listing of numerous ETPs, including Virtune's 4 innovative crypto ETPs on Nasdaq Stockholm in 2023.

Case examples

Plaintiff

We explained how a prime broker used the wrong risk methodology and ignored industry standards when monitoring a hedge fund, demonstrating that the fund was unduly closed.

Legal Consulting

We explained the option trades of a rogue broker affecting a large number of client accounts, facilitating a FINRA investigation.

Plaintiff

We explained the errors in the international settlement of a warrant trade, demonstrating which party was responsible for the failed exercise.

Defense

We explained how a combination of trades constituted an exotic Formosa structure, correctly reducing a corporation‘s income tax.

Legal Consulting

We explained the strategy, risks and responsibilities of a multi-strategy multi-asset exotics portfolio manager embroiled in an employment dispute.

Defense

We recalculated the value of an option portfolio continuously in a fast market, proving that an account was closed while positive.

Plaintiff

We reverse-engineered a bond convertible into warrants, calculated its ex-ante and realized rates of return, proving that the loan was usury.

Defense

We explained how an ETF arbitrager failed to properly re-hedge his portfolio during an index composition change.

Plaintiff

We explained linguo and communication standards between traders in a contractual dispute.

Home of the best experts

Top litigators reach out to Navesink International for their most challenging financial markets topics

Navesink Wins Prestigious Expert Witness Award!

Who we are

What we do

Our experts

Craig Wolson, Esq.

Luc Faucheux, PhD

James Happaney

Robert McDonough

Thomas A. Ducrot

Alan Harry

William Procasky, CFA, Ph.D.

Gontran de Quillacq

Kerry R. Langston

Emmanuel D. Chesnais

Laurent Kssis

Case examples

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