Consulting Services

Steve Scales
Elliott Server
SFS Litigation Support Services
SFS Damages Experts
SFS P&L Express Case Summary
NERA Consulting

Secure Financial Services, Inc. is dedicated to helping you implement and understand today's most complex securities analysis and reporting methodologies. We have the experience and expertise to help you strategize and prepare for arbitration matters of any size. From the initial case assignment to final report completion and preparation, our Expert Analysts will make certain you have all the information you need for success.

SFS plays an essential role in your successful case strategy by providing timely and relevant analytical reports to bolster a case strategy. We are effective in compiling alternative investment analyses and compelling graphic charts for presentation during the arbitration proceedings - from simple, straight-forward cases to class action matters. As you travel down the road of the investment complaint process, you can rely on SFS.

Secure Financial Services, Inc. recent acquisition of Scales Consulting Group greatly enhances its litigation support and expert witness services. For attorneys engaged in securities arbitration, litigation, and mediation matters, Steve's experience and range of capabilities will have a positive impact on proceedings and final outcome.

The acquisition combines the capabilities of a well-respected expert witness firm with one of the largest and most comprehensive analytics firms in the securities litigation industry. With this acquisition, SFS now offers clients a 'one-stop-shop' for the entire range of securities analysis and consultation. Steve will direct the company's expert witness division from his current location in Memphis and will continue to provide uninterrupted service to his existing client base.

Steve brings over 25 years of experience in securities branch management, supervision and related investment activities, and a working knowledge base that includes equities, fixed income products, insurance, options, futures, and most other investment related products. Steve began his securities career in 1978 and was a Senior Vice President with Morgan Stanley until he launched Scales Consulting Group in 2003. Steve will join SFS as a Managing Director and President of the newly formed Consulting Division.

Professional Licenses
All of the following inactive upon retirement:

Series 3 - Registered Commodity Representative
Series 4 - Registered Options Principal
Series 5 - Interest Rate Options Representative
Series 7 - General Securities Representative
Series 8 - NYSE Branch Office Manager
Series 63 - Uniform Securities Agent
Series 65 - Uniform Investment Adviser

-NASD Industry Arbitrator since 1992
-Participatation in NYSE and AAA arbitrations and private mediations

Professional Experience
1986 - 2003 ..Morgan Stanley, Senior Vice President, Branch Manager, Memphis, TN
1996 ............NASD Chairperson Securities Qualified
1984 - 1986 ..Dean Witter Reynolds Inc. Vice President, Branch Manager, Nashville, TN
1983 - 1984 ..J. C. Bradford & Co. Vice President - Sales Manager
1978 - 1983 ..J. C. Bradford & Co. Nashville, TN Account Executive
1975 - 1978 ..Vanderbilt University

Community Service
2000 - present ..Chairman of Board of Directors, Memphis Family Shelter


A printable CV for Steve Scales is available in PDF format.



CONTACT INFORMATION

Telephone: 901-259-2981 or 901-489-2901(cell)
Email: sscales@tradeanalysis.com

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Elliott Server
Securities Litigation Consultant
Consulting Division
Secure Financial Services, Inc.

The Secure Financial Services, Inc. Consulting Division is pleased with the addition of Elliott Server to its growing staff of securities experts. Elliott brings a long and distinguished career in securities industry branch management and senior supervisory positions. His thirty year career at Morgan Stanley Dean Witter concluded as Senior Vice President and Director of the company's overall life and annuity sales, product development, and estate planning programs at the firm's headquarters in New York.

With significant industry experience in financial management, supervision, and suitability issues, Elliott brings an in-depth knowledge to all phases of securities litigation including debt securities, derivative instruments, equity securities, fixed income securities, futures, hedge funds, investments, mortgage-backed securities, stock options, preferred stock, public offerings, securities 10b5 actions, regulation, fraud, and structured finance.

At SFS we believe our team of experts can provide valuable assistance in the development of the case, including framing the issues at dispute, assisting with the complaint and discovery, offering guidance for depositions of other witnesses, and providing ancillary services contributing to case success.

A printable CV for Elliott Server is available in PDF format.



CONTACT INFORMATION

Telephone: 770-392-1293 or 404-447-6466 (cell)
Email: eserver@tradeanalysis.com
................ .

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SFS Litigation Support Services

With a full time staff of Expert Analysts and the most comprehensive securities analysis software available today, SFS is capable of rapidly responding to client requests for testimony, exhibits, and responding calculations. SFS prepares comprehensive analytical reports to support damage calculations and related matters in the Respondent's arbitration setting. SFS processes more than 1,500 securities cases per year, so we are very familiar with the nature of claims and how to effectively prepare analytical strategies and reports to counter those claims.

SFS Expert Analysts have a track record of success in working directly with staff attorneys and outside counsels to provide

• critical insights into evaluating the matter from a 'numbers' perspective;
• crucial information on the strengths and weaknesses of the case based on our analytical reporting and expertise;
• diligent preparation early in the life of a case in the effort to settle the matter at an early stage.

As fact based experts, our analysts bring an objective viewpoint to the proceeding from Day 1, helping to assess the merits of the case from the actual monthly statements, trading confirmation documents, and other relevant information about the matter. Working with our clients, we offer the benefit of our experience on items relating to securities industry, including analytical theories, mathematical formulas relating to account performance, damage assessment, and alternative reporting and analysis.

To contact SFS about our Litigation Support Services, please send an email to Steve Scales at sscales@tradeanalysis.com, or call 901-259-2981.

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SFS Damages Expert Testimony

As securities cases can take on a life of their own, quick assessment and response to last-minute issues is vital. Secure Financial Services' Consulting Division provides consultation, case opinion, presentation support, deposition, and trial testimony in a wide-range of securities and securities brokerage matters and at any point in the process, from initial analysis to arbitration hearing.

Damages

SFS Damages Experts have extensive experience and skills in

1. Identifying sensitive areas for potential cross-examination;
2. Recommending targeted analytical reports to support the case strategy;
3. Preparing effective comparative analyses.

Retaining an SFS Damages Expert to be present at the hearing for both observation and testimony becomes more important with the high dollar amount of the claim and the complexity of the issues at hand. We are always pleased to provide any level of assistance to clients and are available either in-person or via teleconference to help provide a successful outcome for your case.

Liability

SFS Liability Experts have assisted brokerage firms in all types of litigation situations, including underwriting, retail customer trading disputes, institutional investors' claims, class action litigation arising from complex financial transactions, and claims relating to back-office trading errors from misrepresentations and omissions and suitability to churning, unauthorized trading and other federal and state securities law claims.

Areas of expertise include:

-Annuities
-Certificates of deposit
-Corporate bonds
-Limited partnerships
-Margin calls
-Mutual funds
-Options
-Suitability
-Supervision

SFS Damages Experts include:

........James H. Bushey
........Christopher J. Kilmer
........Steven McDonald
........Scott J. Moore

To contact an SFS Damages Expert, please send an email to Chris Kilmer at ckilmer@tradeanalysis.com, or call 802-879-2077.

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P&L Express Case Summary

Time is a precious commodity. We know that sometimes our clients require a quick, clear synopsis of the case 'numbers' to formulate liability strategies without having to spend huge amounts of time to initially review the case. That's precisely why we've created the Express Case Summary (ECS).

What the ECS offers:

• A clear and concise outline of case facts and underlying fundamental issues
• A unique evaluation and assessment of the case investment analyses
• A detailed review of potential reports to supplement case strategy
• A summary narrative including specific quantitative recommendations

The ECS crystallizes several pages of investment analysis data into a concise, 4-page format that offers a unique perspective and time-saving advantage. Understanding the critical elements of discovery and reluctance to provide opposing counsel any possible advantage, the ECS limits case opinion and focuses on providing an unambiguous review of the investment analyses and the potential impact of alternative and supplemental reports. The ECS quickly brings you to a clear understanding of case facts, possible new case strategies, and a roadmap for additional report options and analyses. If you would prefer to review the ECS in detail without generating any hardcopy documents, we will provide this information to you in a confidential teleconference. Whatever method of information delivery you choose the ECS will save you precious time and money, and help achieve a successful case result.

To learn more about the ECS or to order one for your P&L, please send an email to Chris Kilmer at ckilmer@tradeanalysis.com, or call 802-879-2077.

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NERA Economic Consulting Now Available to SFS Clients

National Economic Research Associates (NERA), an international consulting firm and Secure Financial Services, Inc. (SFS), an information solutions provider, have announced a cooperative agreement to jointly offer services to clients in the legal and securities marketplace.

NERA is widely recognized as a leading economic consulting firm, providing practical advice related to highly complex business and legal issues arising from competition, regulation, public policy, strategy, finance, and litigation. NERA clients include corporations, governments, law firms, regulatory agencies, trade associations, and international agencies. NERA's securities and finance experts bring to bear a thorough understanding of securities, the markets in which they trade, and the regulatory institutions that govern them with sophisticated advisory services that have been rigorously tested in a litigation setting. SFS offers a range of solutions that allow clients to assess investment portfolio irregularities, perform some damage calculations, and create a variety of other relevant financial reports and analyses used in securities arbitration cases.

With this new cooperative agreement, clients will benefit by having coordinated access to both the insights of NERA experts and the analytical tools developed by SFS. According to James Bushey, President of SFS, "We are seeing increasingly complex case issues that require a level of knowledge our firm is unable to provide. We look forward to working with NERA to offer additional expertise and resources to our growing client base." Both companies see the advantages in working together in the securities arbitration area. "We have found the SFS work product to be a very effective tool in retail securities matters. Collaborating to offer the most comprehensive services in this marketplace benefits everyone," adds Andrew Carron, President of NERA.


Additional information is available by contacting:

NERA Economic Consulting
Benjamin Seggerson
202-466-9232

Secure Financial Services, Inc.
William M. Peters
802-879-2077

For more information about NERA, visit www.nera.com.

To have NERA review your case, please send an email to Steve Scales at sscales@tradeanalysis.com, or call 901-259-2981.

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For more information about how SFS Consulting Division can fulfill your litigation needs, please contact us.

CONTACT INFORMATION

Telephone: 901-259-2981
................. 901-489-2901 cell

Email: sscales@tradeanalysis.com

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