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Gary Napadov works with industry clients and counsel in the securities, financial markets, and financial services industries to handle complex business and legal challenges. He has testified as an expert in international arbitration and has advised clients before federal and state courts and in various arbitration and mediation forums. Mr. Napadov believes that, in the absence of perfect information, asking the right questions is more important than having the right answers.


Mr. Napadov provides advisory services, privileged consulting, and expert witness testimony in civil, administrative, regulatory, and criminal proceedings. He applies financial and economic analysis to assess liability and quantify damages in matters involving securities fraud and litigation, financial fraud, and investment recovery. Mr. Napadov's industry clients are market participants and intermediaries including investors, trading firms, broker-dealers, investment advisors, and exchanges such as the CME and CBOE. He advises in enforcement proceedings involving the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), Commodities Futures Trading Commission (CFTC), state securities regulators, and other self-regulatory organizations (SROs).

Mr. Napadov is well-versed in the financial markets ecosystem, traditional and emerging asset classes, and industry standards. He advises financial services industry clients and counsel in investigations and enforcement proceedings regarding claims of breaches of fiduciary duty; failures to supervise; unsuitable trading and investments; excessive trading, commissions, or mark-ups; and fraudulent investment schemes including Ponzi schemes, shell company fraud, pump-and-dump, and affinity fraud. Mr. Napadov also specializes in data-intensive market structure enforcement and allegations of market manipulation including insider trading; abusive short selling; and disruptive trading practices like layering and spoofing. In addition to his financial markets-related expertise, Mr. Napadov also advises in white-collar investigations and enforcement, commercial litigation and business disputes, antitrust and international tax matters.

Drawing on his work with plaintiffs, defendants, and government agencies, Mr. Napadov provides a seasoned perspective as a trusted advisor across all stages of pre-litigation and litigation. He assists in pre-complaint research and discovery, fact finding and analysis, preparation of expert reports, rebuttal of opposing expert reports, drafting of deposition and cross-examination questions, and trial testimony.

Mr. Napadov is a Certified Fraud Examiner (CFE). Born and raised in eastern Ukraine, he is fluent in Russian and often advises in multi-language engagements.


  • MBA, global management, Thunderbird School of Global Management
  • BBA, finance and international business, Loyola University Chicago


  • Certified Fraud Examiner (CFE)