Experts

Scott E. Walster

Scott E. Walster is a Principal in the securities and financial regulation practices at Global Economics Group.

Scott E. Walster
Name
Scott E. Walster
Title/Location
Principal, Chicago
Phone
(312) 933-4400
Expertise
Securities, Valuation and General Damages; Financial Regulation

Most recently, Mr. Walster served as Assistant Director in the Division of Economic and Risk Analysis of the US Securities and Exchange Commission (SEC). While at the SEC, Mr. Walster supervised and performed economic analysis for hundreds of enforcement actions. His work focused on the economics of spoofing and high frequency trading market manipulations; insider trading; securities lending; corporate disclosure; and investment adviser “cherry picking” and churning frauds. The economic advice he provided was used to help determine investor damages, ill-gotten gains, and corporate penalties – as well as to distribute money back to investors through Fair Funds.

Mr. Walster has provided live and written expert testimony on matters involving portfolio performance, derivative trading strategies, and market manipulations. He was part of a team that received the SEC’s Analytical Methods Award – an award presented annually for innovative analytical work – for a large-scale statistical analysis that was used to identify dozens of participants in an insider trading ring.

Mr. Walster has advised and provided testimony for the US Department of Justice on a number of criminal securities fraud investigations and trials; and he has advised the Commodity Futures Trading Commission and the Federal Trade Commission on investigations.

Prior to joining the SEC, Mr. Walster spent nearly a decade managing consulting teams supporting litigation and regulatory matters, including a previous stint at Global Economics Group during which he helped develop the firm’s securities fraud and valuation practices. Mr. Walster received B.S. degrees in Economics and Finance from the University of Illinois at Chicago where he graduated with university honors and highest distinction in Finance.