Charles Lundelius Jr.

Mr. Lundelius has over forty years of experience, including seven years in securities and investment banking in Houston and three years as senior vice president and chief financial officer (CFO) of a life and health reinsurance carrier in Dallas. Mr. Lundelius’ securities and investment banking experience includes underwriting, portfolio management, derivatives, high-yield bond, and securities and commodities market analysis. He has consulted and/or testified in the areas of the underwriting process, securities market pricing, hedge fund operations, investment suitability, securities fraud, fiduciary duties, compliance, and due diligence practices. He has given testimony before administrative hearings of the SEC, in federal and state courts, at FINRA arbitrations, and before governmental hearings. Mr. Lundelius has qualified as an expert in securities trading and valuation, Investment Adviser and Investment Company Act matters, damages, financial analysis, accounting, fiduciary duties, and econometrics. Also, while working for major international accounting firms over several years, Mr. Lundelius served as an auditor of financial institutions, including broker-dealers, banks, and thrifts, in the practice of public accountancy.

In his capacity as insurance company CFO, Mr. Lundelius’ duties included managing the company’s bond investment portfolio, financial forecasting, and regulatory reporting. In addition, Mr. Lundelius’ firm participated in the National Association of Insurance Commissioners’ pilot study that led to the implementation of risk-based capital measurement in the insurance industry. Concurrent with his service as insurance company CFO, Mr. Lundelius was also CFO of one of the largest managing general agencies in the US, writing in excess of $40 million in new premium business annually, and served as trustee of the firm’s self-directed 401(k) pension plan. Mr. Lundelius also served on the board of directors of the life and health insurance company and the boards of several insurance marketing firms. In his present role as a consultant, Mr. Lundelius has analyzed finite reinsurance issues relating to various SEC and criminal investigations.

In 2003, Mr. Lundelius authored Financial Reporting Fraud: A Practical Guide to Detection and Internal Control, peer-reviewed and published by the AICPA, which has been used as a textbook in academic and professional courses. The second edition of the book was released in July 2010.