Investment Adviser Compensation, Client Trading, and Disgorgement Analysis

On behalf of the US Securities and Exchange Commission, Dr. Jan Jindra provided expert economic analysis and trial testimony in SEC v. Westport Capital Markets, LLC and Christopher E. McClure, an enforcement action involving an investment adviser and its principal. He analyzed advisory fees, selling-dealer compensation, mutual-fund 12b-1 fees, client portfolio holdings and investment performance, and the availability and pricing of alternative investments. Dr. Jindra analyzed large transaction-level datasets and securities-market data to evaluate client investments and adviser compensation. Following the trial, he performed analyses related to disgorgement and prejudgment interest.