Managing Director, Regulatory and Internal Investigations
Scott Lucas is Managing Director of Bates Group's Internal and Regulatory Investigations practice, where he uses his 20 years of experience in securities, accounting, and finance to help orchestrate forensic analyses related to financial disputes and investigations. He has extensive experience working with counsel and managing projects that involve such items as asset tracing, cost/fee analysis, forex trading, cross currency leveraging/hedging, insider trading, profit/(loss) calculations, concentration analysis and market trend research. Scott's engagements often cover a wide spectrum of issues and have lasted as little as one day to multiple years.
He is often called upon to assist in taking complex, quantitative issues and distilling the results into a clearly stated, succinct response, thereby allowing our clients to make timely, informed decisions.
Before joining the Bates Group, Mr. Lucas was a manager with LECG and Bates Private Capital Incorporated, a firm that provided litigation consulting, financial analysis, market trend research, and expert witness testimony for securities and other financial related matters. During his time at LECG / Bates, Mr. Lucas has overseen many large scale internal, regulatory and forensic investigatory engagements on behalf of some of the world’s top brokerage firms involving such matters as money laundering, derivatives, financial analysis, trading patterns and alternative damages models.
Retained by counsel to assist in a matter against the NY State Attorney General's office regarding allegations of market manipulation and preferential treatment to insiders and (friends and family). For a specific time period, the entire trading of a firm was analyzed and traced to identify trends and unlawful trading.
Retained by counsel representing a major hedge fund being investigated by the SEC as to whether, through the use of consultants, the fund's trading violated insider trading regulations. The engagement required researching potential correlations between thousands of trades and such items as timing of meetings, relationships and employment history.
Retained by counsel as part of an internal investigation into whether a broker instituted the same option strategy on employee stock regardless of the clients objectives. The inquiry required financial analyses on hundreds of employees accounts from a large cap Wall Street firm.
Retained by counsel as part of a bankruptcy proceeding to trace cash funding and trading activity of a cash management fund which had assets under management of approximately $1.5 billion. Identified and extracted key source documents from a large database in order to perform the analysis.
Retained in a criminal case that required the tracing of stolen cash/securities from a world renowned brokerage firm.
Retained by counsel to assist in identifying security transactions that were unlawfully liquidated in the secondary market thereby artificially inflating the true market value.
Retained by counsel to assist in recreating the internal financial entries of reverse repo trades that occurred at a major brokerage firm.
Retained in response to a class action lawsuit involving a top five international bank to provide financial analyses related to hundreds of clients who allegedly relied on the research advice of the institution.
Bates Group, Managing Director, Internal & Regulatory Investigations, 2016-Present
Bates Group, Chief Knowledge Officer, 2011-2016
LECG, Principal, 2005 to 2011
Bates Private Capital Incorporated, Lake Oswego, Oregon, Manager, 2003-2005; Senior Analyst, 1996-2003
R. Thomas McFadden, Jr., CPA, McMinnville, Oregon, Intern Tax Preparer, 1996
Series 7–Full Registration/General Securities Representative (Inactive)
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