Tel: +1 202 547 3035
PhD in economics, Iowa State University
BA in economics, St. Olaf College
Dr. Overdahl participates in the firm's Securities and Finance Practice. He is a Partner at Delta Strategy Group (DSG), a full-service government affairs firm providing advisory services on regulatory matters for clients that include exchanges, energy and agribusiness companies, trade groups, financial services firms, investment funds, and Fortune 500 companies.
Prior to joining NERA, Dr. Overdahl was Chief Economist and Director of the Office of Economic Analysis for the US Securities and Exchange Commission (SEC). He served as principal economic advisor on policy, rulemaking, and litigation support and supervised the SEC's economics program. From 2002 to 2007, Dr. Overdahl served as Chief Economist and Director of the Office of the Chief Economist for the US Commodity Futures Trading Commission (CFTC). In his positions at the SEC and CFTC, Dr. Overdahl testified before each Commission. He also testified before Congress on behalf of the SEC and CFTC, and provided staff support and briefings for members of the President's Working Group on Financial Markets.
While serving as Chief Economist of the SEC, Dr. Overdahl advised the Commission on a wide range of policy matters, including credit default swaps and other OTC derivatives, OTC clearing, high-frequency trading and related market structure issues, securities lending, short selling, market data fees, credit rating agencies, structured financial products, Sarbanes-Oxley provisions regarding internal controls, and new products. In addition, he advised the Commission and other government agencies on several matters related to the financial crisis of 2008. He also advised the Commission on investigation matters, enforcement proceedings, civil monetary penalties, disgorgement, and fair-funds distribution plans.
While serving as Chief Economist of the CFTC, Dr. Overdahl advised
the Commission on policy matters related to exchange-traded futures and
options, OTC derivatives (particularly energy derivatives), commodity
price speculation, risk management and hedging, new products and
markets, algorithmic trading, position limits, clearing, commodity index
investing, hedge funds, and error trades. He also advised the
Commission of enforcement matters related to commodity price
manipulation and the alleged false reporting of natural gas transactions
by several entities. In addition, he advised the Commission on
restitution and civil monetary penalties.
Dr. Overdahl has also served as a Senior Financial Economist for the Risk Analysis Division of the US Office of the Comptroller of the Currency (OCC). He performed on-site assessments of risk measurement models employed by Tier 1 dealer banks, and assessments of model validation procedures within the risk management units of money center banks, of compliance with the Value-at-Risk requirements of the Basel Market Risk Capital Rule, and of the effectiveness of hedging and risk measurement techniques used to manage market risk in securitization conduits.
Prior to joining the OCC, Dr. Overdahl served as a Financial Economist in the CFTC's Division of Economic Analysis and the SEC's Office of Economic Analysis. He has taught as an Adjunct Professor of Finance at George Washington University, the University of Maryland, Johns Hopkins University, Georgetown University, Virginia Tech, and George Mason University. Dr. Overdahl also served as Assistant Professor of Finance at the University of Texas at Dallas School of Management.
Dr. Overdahl has published extensively in leading economics and finance journals, including the Journal of Business, Journal of Law and Economics, Journal of Financial and Quantitative Analysis, Journal of Futures Markets, Journal of Derivatives, and Journal of Alternative Investments, and has contributed numerous chapters to published volumes on finance and economics. In addition, he has co-edited and co-authored, with Robert Kolb, four books in multiple editions, including Financial Derivatives: Pricing and Risk Management and Futures, Options, and Swaps.
|SEC Settlement Trends: 2H12 Update||Report||By Jorge Baez and Dr. James Overdahl with former NERA economist Dr. Elaine Buckberg|
|SEC's Emphasis on Individual Accountability Drives Settlement Pace Toward Seven-Year ...||Published Article||By Dr. James Overdahl with former NERA economist Dr. Elaine Buckberg|
|SEC Settlement Trends: 1H12 Update||Report||By Dr. James A. Overdahl with former NERA economist Dr. Elaine Buckberg|
|SEC Settlement Trends: 2H11||Report||By Dr. James A. Overdahl et al.|
|Former Regulator Urges CFTC to Track All Automated Trading Systems||Expert QA||A Q&A with NERA Industry Affiliate and former SEC and CFTC Chief Economist Dr. James Overdahl|
|Implied Matching Functionality in Futures Markets||Published Article||By Dr. James Overdahl|
|ETFs: Overview and Recent Issues||Brief||By Dr. Patrick Conroy, Dr. James Overdahl, Robert Patton, and Raymund Wong|
|Will Court Short-Circuit Dodd-Frank?||Published Article||By Dr. James Overdahl with Dr. Jonathan Macey, Sam Harris Professor of Corporate Law at Yale University, and former NERA economist Dr. Elaine Buckberg|
|SEC Settlements Trends: 1H11 Update||Report||By Dr. James Overdahl et al.|
|SEC Settlements Trends: 2H10 Update||Report||By Dr. James Overdahl et al.|
|Dodd-Frank and the Future of Finance||13 June 2013||Press Release|
|The Best of NERA 2012||24 July 2012||Press Release|
|Commodities Day Conference 2012||26 June 2012||Press Release|
|Buying and Selling at the Speed of Light: Taking Stock of High Frequency Trading||18 June 2012||Press Release|
|2012 Conference on Current Topics in Financial Regulation||07 June 2012||Press Release|
|An Update on the Implementation of the Dodd-Frank Act||24 May 2012||Press Release|
|National Organization of Investment Professionals Spring Conference||16 April 2012||Press Release|
|Securities Litigation after Dodd-Frank: What Happened in 2011 and What Lies Ahead?||06 March 2012||Press Release|
|How I Became a Quant: Financial Engineers Give a Personal View of their Careers in Qu...||13 February 2012||Press Release|
|17th Annual Capital Markets Conference: The New Age of Capital Markets Supervision||07 November 2011||Press Release|
|NERA Securities and Financial Regulatory Expert Named Industry Affiliate||19 August 2013||Press Release|
|'Fabulous Fab' trial is a test for SEC||11 July 2013||Media Coverage|
|SEC Gets Set to Test Policy for Guilt Admissions||26 June 2013||Media Coverage|
|NERA Releases 2012 Fiscal Year-End SEC Settlement Trends Report; Total SEC Settlement...||14 January 2013||Press Release|
|SEC settlements reach highest level since 2007||14 January 2013||Media Coverage|
|High-Frequency Traders Seen Profiting at Small-Firm Expense||04 December 2012||Media Coverage|
|High speed traders jolt U.S. grain trade||19 November 2012||Media Coverage|
|BofA pays $2.4 bln to settle claims over Merrill||28 September 2012||Media Coverage|
|US court throws out landmark commodity trading crackdown||28 September 2012||Media Coverage|
|Opposing view: Fast trades aid market quality||26 September 2012||Media Coverage|