Dr. Orlov is an economist with 10 years of experience in financial regulation and 15 years of academic experience. He specializes in civil and criminal cases in securities and derivatives.

Dr. Orlov’s recent casework includes alleged insider trading, a dispute between hedge fund seeders and managers, market manipulation, tax shelter transactions, a post-M&A dispute, and allegations of economic espionage. He has performed valuation, damages calculations, econometric analyses, and other work on behalf of individuals, firms, government, and class plaintiffs.

A former Supervisory Research Economist at the US Commodity Futures Trading Commission (CFTC), Dr. Orlov has led derivatives markets research and analytics projects and produced advice on the economics of derivatives regulation. Before joining the CFTC, Dr. Orlov had been a Financial Economist at the US Securities and Exchange Commission (SEC), as well as a detailee to the UK Financial Conduct Authority (FCA), working on a wide range of projects – from market surveillance to rulemaking to data governance. He previously was a professor of economics and taught more than a dozen undergraduate, MBA, and Executive MBA courses, including money and banking, industrial organization, managerial economics, international finance, international trade, and econometrics.

Through his research, regulatory, and consulting work, Dr. Orlov has experience with a variety of markets (e.g., equities, fixed income, commodities, foreign exchange), instruments (e.g., stocks, bonds, swaps, futures), and market participants (e.g., hedge funds, dealers, retail investors). Dr. Orlov’s research has received several awards and has been published in the Journal of Alternative Investments, Journal of Banking and Finance, Journal of Economic Behavior and Organization, Journal of Fixed Income, Journal of Futures Markets, Quarterly Journal of Finance, and other refereed outlets.