Our Experts

Michael J. Aitken, AM

Dr Aitken is Professor of ICT Strategy at Macquarie University, as well as the Chief Scientist of the CMCRC and CEO of Lorica Health. He is a specialist in the area of security market design with a particular interest in information systems to automatically detect fraud (e.g. insider trading, market manipulation, broker-client conflict and continuous disclosure breaches). He has overseen the development of fraud detection technologies not only for securities markets, but also accounting and audit markets, and in health insurance and general insurance. He has applied these technologies to assist Courts, regulators and market participants in allegations of insider trading, market manipulation and breaches of disclosure in over 35 cases to date.

Areas of expertise:  Insider Trading, Market Manipulation, Microstructure, Market surveillance.

Michael G. Hains

Dr Hains is Adjunct Professor, School of Law Sydney, University of Notre Dame Australia, building on an established career in securities market compliance as the Head of Compliance and Counsel for a number of global systemically important financial institutions, including Bank of America Merrill Lynch, Royal Bank of Scotland, and ABN AMRO Group Australia & NZ.

He led the ABN AMRO regional monitoring and surveillance team responsible for the markets in Australia, New Zealand, Indonesia, Singapore and others jurisdictions in Asia. The first external tester of SMARTS Broker, he played an important role in developing and customising SMARTS Broker before its broader roll-out to the broking industry internationally.

Areas of expertise:  Compliance, Derivatives and OTC, Off Market Trading, Stock Broking, AFSL, Investment Banking, Market Manipulation.

Kumar Venkataraman

Professor Venkataraman specialises in the microstructure of equity, fixed-income and energy markets. An award-winning teacher, his research has been published in major international finance and accounting journals and featured in industry publications such as The CFA Digest, Wall Street Journal, Barron’s, Financial Times, Economist and Bloomberg News. He has provided research and advice to the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC), and acted as an expert witness in litigation involving price manipulation.

Kumar Venkataraman is Professor of Finance and the Maguire Chair in Energy Management at the Cox School of Business at Southern Methodist University. He was awarded a Ph.D. in Finance from Arizona State University. He served on the Board of Directors of the Texas Hedge Fund Association between 2011 and 2015 and on the Investment Committee of the University Endowment . He serves on the editorial boards of the Journal of Financial and Quantitative Analysis, Journal of Financial Markets, Journal of Financial Research and Journal of Empirical Finance. He was recently appointed as an inaugural member of the U.S. Securities and Exchange Commission’s Fixed Income Market Structure Advisory Committee (FIMSAC), which will provide advice to the Commission on the efficiency and resiliency of the fixed income markets and identify opportunities for regulatory improvements.

Areas of expertise:  Trading Strategies, Microstructure, Equity, Fixed-income and Energy Markets.

Andrew Lepone

Dr Lepone is Professor of Finance at the Macquarie Graduate School of Management. His research focusses in the areas of equity and futures market microstructure. He has examined how particular market designs affect market quality, including the structure of off-market block trading facilities and the effect of minimum tick-size reductions for futures contracts.

Areas of expertise:  Derivatives, Microstructure, Off-Market Trading

Talis Putnins

Dr Putnins is Professor of Finance at UTS and a member of the Quantitative Finance Research Centre. He has also held positions at the Stockholm School of Economics in Riga and the Baltic International Centre for Economic Policy Studies, and has been a Visiting Scholar at Columbia University and New York University.His main research interests include financial markets, market microstructure, asset pricing, market manipulation, insider trading, and shadow economies. His research has been published in international peer-reviewed journals including the Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis, Review of Finance, and Experimental Economics.

An excellent communicator, Dr Putnins has done consulting and policy work for governments, stock exchanges, and financial institutions and provided expert witness testimony to assist Australian courts in matters of breaches of security market rules.

Areas of expertise: Event Studies, Valuation, Market Manipulation

Vito Mollica

Dr Mollica is A/ Professor of Finance at Macquarie Graduate School of Management. He leads our Finance Market Quality program, which covers foreign exchange, derivative, real estate, equities, digital currency and OTC markets. He has provided consulting services in relation to breaches of market integrity and prepared policy advice around the over-the-counter swap markets for residential real estate for the Australian Financial Markets Association and to the Financial Services Council in response to regulatory proposals surrounding issues of dark pools and minimum ticks.

Areas of expertise: Event Studies, Valuation, Market Manipulation

Shan Ji

Dr Ji is the Chief Information Officer of the CMCRC where he leads the activities of the central development team. A specialist in data infrastructure and financial market surveillance, he has provided expertise on the design of market surveillance for foreign exchange benchmarks and OTC instruments. He started his career as Lead Business Analyst at SMARTS Group International, the world-leading provider of securities markets surveillance technology, while carrying out research in securities market integrity which has been published in the Journal of Business Ethics. He was awarded a PhD in Finance from the University of New South Wales and a Bachelor of Commerce (Honours) in Finance from the University of Western Australia.

Areas of expertise: Insider Trading, Market Manipulation, Microstructure, Market surveillance

R. Scott Peacock

Scott Peacock is a specialist practitioner in breaches of securities market rules with over a decade of experience at the helm of the enforcement division of a Canadian regulator of securities markets. An independent barrister and solicitor, he was most recently the Director of Enforcement at the NSSC in Canada until his retirement in June 2013. In this capacity, he acquired broad experience in regulatory compliance, investigations, litigation, criminal prosecution, criminal defence, administrative and securities law.

Areas of expertise:  Regulation, Insider Trading, Market Manipulation