Gary Napadov

Education

MBA, Global Management, Thunderbird School of Global Management
BBA, Finance and International Business, Loyola University, Chicago
Certified Fraud Examiner, Association of Certified Fraud Examiners (ACFE), License 505292

Experience

Gary Napadov is a Senior Consultant in NERA’s Securities and Finance Practice. He has more than 16 years of experience in financial and economic advisory and litigation consulting. Mr. Napadov consults industry clients and counsel facing a wide range of multifaceted business challenges and complex regulatory and commercial disputes. He has testified as an expert in international arbitration and has advised clients before US federal and state courts, as well as SRO arbitration and mediation forums. Having worked with plaintiffs, defendants, and government agencies, Mr. Napadov provides a seasoned perspective as he advises client-counsel across all stages of pre-litigation and litigation.

Mr. Napadov’s primary industry focus is financial markets and securities services where he provides privileged consulting and expert witness services to market participants, regulators, and enforcement agencies, such as the Securities and Exchange Commission and the Department of Justice. He is well-versed in debt and equity instruments and derivatives products, including financial and commodity futures and options, and their respective market microstructures. Mr. Napadov’s representative engagements concern market structure enforcement and allegations of financial fraud and market manipulation, including insider trading, abusive short selling, disruptive trading practices (e.g., spoofing, layering), and market access violations. He specializes in financial modeling, data mining, and visualization, and has developed and executed algorithms to link disparate financial market datasets and detect indicia of market manipulation and attempts to circumvent surveillance. 

Mr. Napadov also assists in routine and targeted regulatory inquiries and proceedings concerning industry standards, trading practices, risk management, regulatory reporting, and financial product and market fundamentals. He also advises in forensic accounting investigations, financial restatements, post-acquisition disputes, and transfer pricing and tax disputes, as well as economic damages and valuation matters.