Jay Rosen, Chairman and Founder
Jay Rosen, chairman and founder of CFI, provides analysis and expert testimony regarding suitability, supervision and ERISA-related matters. He has been retained in over 300 litigation proceedings. Mr. Rosen has more than 25 years experience in the securities industry as the president and founder of The Capital Control Group, Ltd., a pension and asset consulting firm, and in management positions for leading financial firms, as well as the trustee of a large pension fund.

Vadim Khavinson, President
Vadim Khavinson, president of CFI, is focused on continuing CFI’s successful track record in case and issue resolution for the securities industry. Mr. Khavinson works closely with clients, providing litigation strategy and expert testimony for a wide range of industry segments. He also spearheads CFI’s commitment to leveraging technology to uncover new and innovative approaches to analyze data and more effectively represent clients’ interests.

Career Highlights of Some of CFI’s Experts

• Compliance officer and managing director for Bear Stearns NY branch
• Bear Stearns senior registered options principal
• Member of Bear Stearns compliance committee
• Coordinated compliance technology initiatives to upgrade systems for Bear Stearns
• Supervisor of PCS branch trading surveillance of Bear Stearns
• Options margin supervisor and analyst for Walston & Co, CBWL Hayden Stone, Loeb Rhodes and LEWCO Securities
• Holds 10 securities industry licenses, including the Series 24 – General Securities Principal and Series 14 – NYSE Compliance Officer

• SEC attorney in regulatory and enforcement
• Corporate general counsel and senior vice-president at Consolidated Capital Companies
• President, CEO and general counsel for Titan Value Equities Group
• Chief legal and compliance officer for Loring International, LWI Financial, SA Funds and National Planning Holdings
• Compliance litigation consultant and expert witness, and practiced private law
• Chair of FINRA’s National Advisory Council and District 2 Business Committee
• Committee member of the Direct Participation Program, Arbitration and Mediation, Examination Review for Series 22 and 39 and West Coast Series 6 Continuing Education
• Holds the series 7, 24, and 63 securities licenses, and is a member of the California, Texas and Kansas State Bar.

• General counsel and managing director for Piper Jaffray Inc.
• Executive director to Majority Caucus for Minnesota House of Representatives
• Counsel to rules committee for Minnesota House of Representatives
• Arbitrator and mediator for NASD, NYSE and AAA.
• Piper Trust Company board of directors
• Pro-bono attorney for a local human relations commission
• Held the series 7, 8, and 63 securities licenses, and was a member of the Minnesota State Bar and is a member Pennsylvania State Bar

• Management training and development department manager for Merrill Lynch
• Regional marketing manager, southeast region of Merrill Lynch
• Branch manager and managing director for Merrill Lynch
• Held the series 4, 7, 8, 24 and 65 securities licenses

• President and CEO of Round Hill Securities, Inc.
• Senior vice-president, customer segment marketing for PaineWebber
• Executive vice-president, director of retail, director and executive committee member for Principal Financial Securities, Inc.
• Regional Manager of the public finance office for Rauscher Pierce Refsnes, Inc.
• Chief operating officer and director for Raybank, Inc.
• Assistant vice-president, institutional fixed income at Merrill Lynch
• Chair of SIA’s sales and marketing committee
• Carried both registered representative and management licenses, including the General Securities –Series 7, NYSE Branch Manager–Series 8 and NASD Principal–Series 24 as well as the Investment Advisory license—Series 65

• Associate in capital markets, corporate strategy and investor relations for Citigroup/ACC Capital Holdings
• Asset-backed associate, associate bank analyst and associate analyst for UBS and PaineWebber
• Traded ABS, CMBS and REITs for $1.8 billion portfolio at CGA Investment Management
• Invested for $1 billion event-driven hedge fund for Epsilon Investment Management
• Securities analyst for Value Line Investment Survey
• BS from The Wharton School, MBA from the University of Chicago and Chartered Financial Analyst

• National sales manager, southern sales division, Merrill Lynch
• Managing director and regional sales manager for Merrill Lynch
• NASD District Business Conduct Committee Member
• Certified financial planner and held life insurance and real estate licenses
• Carried both representative and management licenses, including the General Securities (Series 7), NYSE Branch Manager (Series 8), and NASD Principal (Series 24) as well as the Investment Advisory license (Series 65)