If you are having financial disputes and you need them settled in an effective and timely manner, you will need the services of a securities expert witness. What is his work? Well, he/she will be there to examine and factual reports and testimony in the dispute.
As a result of the emergence of new financial instruments from time to time, the demand for securities experts has grown. What that tells you is that even the quacks have found their way into the market. Sadly, they are also representing people: which you can expect not to end well. It rings a bell that you should be careful when picking a securities expert witness. The following is a guide that will help you get a real expert.
- Start early
It is an unwritten rule: which is all around. For anything to be successful, you need to have enough time to prepare for it. In this field, it is even more critical. Last minute arrangements will do you more harm than good.
If you find an expert who is very willing to work on short notice, you should question their credibility. A good expert will need ample time to schedule the matters in hand. More so, you need enough time to prepare a testimony if it is to turn out well. Start early for valuable assistance.
- The expert should be well-versed with the law, regulations and industry practices
The fact that he is not the lawyer in this dispute, knowledge on the rules and industry practices is detrimental. The expert should have deep insight into the state laws, the regulations of Securities and Exchange Commission and brokerage firm compliance.
- Experience is key
Look for an expert with vast experience in the field. It is quite apparent: one needs to have experience for them to be experts. Experience, in this case, covers both work and academic. Intellectual capacity is critical in this case. You should also look into his/her accomplishment throughout his practice. As such, you will be in a better position to discern the credibility of this expert.
A focus in your venue will be an added advantage for you: you will have your testimonies better presented and your matters adequately cited.
- Do not focus too much on the cost
You should put the factors above into more consideration than the fees you will be charged. When it comes to cost you cannot be able to determine how much you will be parting with at first instance. Remember that the expenses for the entire case may be more than what the expert will ask for a consultation.
Also, do not rush into finding someone who will charge you the least, you might end up getting undesirable results. All in all, cost should not be your primary focus when looking for a securities expert witness.
Remember that the expert’s job is to present matters. Therefore communication skills should also be an attribute that the expert should possess. An expert’s ability to communicate will determine whether you lose or win the case.