SERVICES:

Financial Consultant and Expert Witness in the areas of:
   Disputes between clients and investment firms.
   Disputes between brokers and their firms.
   Disputes between broker/dealers.
   Disputes involving investment management and banking firms.
   Relationships between clearing firms and introducing firms.
   Generally accepted industry practices.
   Rules and regulations of the securities industry.

        
Issues in Dispute:
    Supervisory procedures and practices of broker/dealers.
    Supervisory procedures and practices of investment advisors.
    Principal transactions.
    Security analysis.
    Investment risk.
    Damage analysis and damage theories.
    Broker/dealer operations.
    Evaluation of private securities offerings.
    Risk arbitrage.
    Derivative Securities.
    Market manipulation.
    Mark-ups and mark-downs, undisclosed compensation.
    Margin accounts and extension of credit.
    Client account evaluations relating to:
            Risk
            Churning
            Suitability
            Unauthorized trading
            Performance
            Cash flow
            Option programs.

FORUMS
       United States District Court
       United States Bankruptcy Court
       State Courts, Texas, Oklahoma, Kansas, New Mexico, Georgia
       New York Stock Exchange Arbitration
       National Association of Securities Dealers Arbitration
       American Arbitration Association   

PROFESSIONAL CAREER:

      President
      Investment Firm., 1991-present
      And Capital Firm
 Advise clients and manage approximately $50 million of risk capital.
Consult with businesses and individuals about a variety of business problems.
Serve as consultant and expert witness in investment related disputes.
      
      Chief Executive Officer
      Securities Firm., 1978-1997
Responsible for corporate operations of medium-size investment banking and stock brokerage firm.
Responsible for regulatory and compliance matters.
Litigation management, including damages analysis under various recognized theories of damages. 
Execute or oversee all Municipal bond, U. S. government bond, options and foreign securities trading.
Advise clients or directly manage approximately $30 million of risk capital.
Consult with businesses and individuals about a variety of business problems.

      Treasurer and Director,
      May, Cullum, Ragland & Brittain, Inc., 1968-1978
Responsible for settlement of all transactions executed by firm, including accounting, regulatory and legal ramifications thereof.  
 Advised individual clients and small pension plans on investments

      Chief Cashier,
      Sanders & Co., Inc. 1964-1968
Responsible for all securities and monies handled by firm.

LICENSES & CERTIFICATIONS:
      Registered Investment Advisor, the designation of an officer of a firm licensed to manage
          investments for clients on a stated fee basis.
      Registered Financial Principal, the designation for an officer of a licensed Broker-Dealer who
          exercises supervision over the financial affairs of that firm.
      Municipal Bond Principal, the designation entitling the holder to supervise all aspects of
          Municipal bond underwriting, consulting and trading.
      Senior Registered Options Principal, the designation entitling the holder to supervise all
          aspects of Securities Options underwriting, writing, selling and settling for a registered
          Broker-Dealer.
      General Securities Principal, the designation entitling the holder to supervise the general
          sales practices of licensed stock brokers.
      Licensed Pilot, Single-engine land, Multi-engine land, with instrument endorsements.
      Certified diver.

REGULATORY:

Member, NASD District Business Conduct Committee
Member, Board of Arbitrators of National Association of Securities Dealers

PROFESSIONAL AFFILIATIONS:

National Association of Securities Dealers
Municipal Securities Rulemaking Board
Securities Investor Protection Corporation
Financial Planning Association
National Security Traders Association
Dallas Security Traders Association

PUBLICATIONS
       Available upon request

EDUCATION:

     Southern Methodist University
     University of Texas (Arlington)

CIVIC, RELIGIOUS and CHARITABLE ACTIVITIES:

     Texas, Board of Directors, Crime Control and Prevention District
           Set policy and oversee operations of special tax district in operating programs and capital 
           expenditures in the area of public safety.
     Board of Advisors, Investor Protection Center, Legal Clinic, Northwestern University School of Law, IL.
           Review, analyze and litigate small securities arbitration cases. 
    Member, Budget & Finance Committee, Independent School District: 
           Analyze and review operating and capital budgets for $60 Million school district; advise
           Board of Trustees on budgetary and capital spending priorities and alternatives.  
    Member, Bond Committee, Independent School District
           Organize and set priorities for potential $70 Million bond issue.
    Chairman, Grand Lodge Investment Committee of the Masonic Grand Lodge of Texas: 
    Set policy and oversee execution governing the investment of all endowment funds, approximating $22 Million.
    American Red Cross, Social Service Committee.  Set policy and supervise activities of that
          portion of the local Red Cross organization charged with responsibility to advise people on
          emergency charitable services.  Additionally, SSC is also in charge of world-wide
          communication services offered to military personnel.
     Vice-chairman and Director of Cerro Maya Foundation, a tax-exempt educational foundation
          which sponsored and financed the excavation of a Pre-Classic Mayan ceremonial center
          in Belize.
     Police Review Board, Texas.  At the direction of the City Council, reviewed all
          incidents of the use of violence by any member of the Police Dept. and all
          complaints against a Dallas Police Officer made by a civilian.
     Chairman, Texas Citizens Police Awards Committee.  Received nominations and selected
          the outstanding Texas Police Officer each month.  Selected the Outstanding Texas Police
          Officer of the Year.
     State President, B’nai B’rith.  Set policy and oversee operations of all charitable, educational
          and political activities in the State of Texas for the largest Jewish organization in America.
     Board of Directors, Congregation Beth Torah.
          Set policy for newly established synagogue and served as parliamentarian for all meetings 
          of Directors and Congregation.
     President, Texas Rose Society.  Set policy and supervised execution of ongoing activities,
          including two Rose Shows which attracted people from three states.
     Board of Directors, Space Business Roundtable.  Set policy and supervised operation of