Market Consulting Corporation
Churning and Excessive Trading Expert Witness Support in Henrico County, Virginia
Expert analysis of excessive trading, turnover, cost-to-equity, commissions, margin interest, control, suitability, and damages in securities and futures matters.
Expert witness assistance
Churning and excessive-trading disputes usually turn on control, trading frequency, cost structure, account objectives, risk tolerance, and whether the activity could reasonably serve the customer’s interests. MCC reviews the trading record, account documents, communications, commissions, fees, margin charges, and market context to evaluate the issues presented. The analysis does not depend on labels alone; it depends on the actual account history.
Engagement focus
- Initial case review focused on the factual record, the questions presented, and the likely scope of expert analysis.
- Issue analysis addressing securities, futures, options, trust, portfolio-management, compliance, or industry-practice questions as applicable.
- Damages or loss analysis when the facts and engagement require quantification.
- Assistance with document requests, deposition preparation, mediation preparation, expert reports, rebuttal analysis, and testimony as appropriate.
Trading-pattern reconstruction
Trade-by-trade activity can be organized to show chronology, holding periods, turnover, costs, use of margin, realized results, and changes in exposure.
Control and authorization
Documents and communications may be reviewed for discretionary authority, customer direction, broker influence, account sophistication, and alleged ratification.
Cost and damages analysis
Cost-to-equity, commissions, markups, markdowns, margin interest, losses, and alternative calculations may be evaluated when supported by the record.
Issues commonly reviewed
- Turnover ratio, cost-to-equity ratio, commission burden, margin interest, and other account costs.
- Whether trading frequency and holding periods were consistent with stated objectives and risk tolerance.
- Whether the broker, customer, trustee, adviser, or other person controlled trading decisions.
- Whether account documents, confirmations, statements, and communications support authorization or objection.
- Whether losses are attributable to trading costs, market movement, concentration, leverage, or other causes.
- Whether supervision and exception-reporting records identify or respond to excessive activity.
Records commonly requested
- Pleadings, statement of claim, answer, counterclaims, and amended claims.
- New account documents, customer profiles, investment objectives, risk-tolerance records, and account updates.
- Monthly statements, trade confirmations, order tickets, margin records, and cash-flow records.
- Correspondence, emails, recorded calls, notes, exception reports, and supervisory reviews.
- Product materials, offering documents, risk disclosures, prospectuses, research, and internal sales materials.
- Prior settlement discussions, mediation statements, expert disclosures, and damages calculations, when available.
Dr. Ronald W. Cornew and Market Consulting Corporation
The dispute resolution and financial consulting efforts of Market Consulting Corporation are under the direction of Dr. Ronald W. Cornew, President and Senior Consultant. Dr. Cornew personally supervises MCC case work and, when appropriate, draws on a network of industry specialists for very large or complex matters.
Case review
Request expert witness consultation
Provide the forum, parties represented, principal allegations, relevant account or transaction records, and any current deadlines. Additional documents can be exchanged after conflicts and scope are addressed.