Marina Martynova is a financial economist who consults on financial and economic issues arising in securities litigation and government enforcement actions. Dr. Martynova is an expert on the valuation of public and private companies, including of early-stage and other venture capital (VC)-backed firms, and complex securities. She also has extensive experience with litigation matters involving allegations of:
- Corporate misconduct
- Financial misrepresentations
- Corporate governance and oversight breaches
- Market manipulation
- Insider trading
- Crypto asset registration violations
- Foreign Corrupt Practices Act (FCPA) violations
- Ponzi schemes
Dr. Martynova has also consulted on securities class actions, addressing class certification, loss causation, and damages issues.
Dr. Martynova has authored expert reports and provided deposition testimony on issues of materiality, ill-gotten gains, investor harm, and valuation.
Before joining Cornerstone Research, Dr. Martynova served as a Principal Financial Economist in the Office of Litigation Economics at the Securities and Exchange Commission (SEC). In this role, she provided economic analysis and guidance for investigations and enforcement actions taken by the SEC’s Division of Enforcement, the Department of Justice (DOJ), and the Federal Trade Commission (FTC).
Dr. Martynova also contributed to the SEC’s policy and rulemaking. She served as the lead economist on regulatory matters related to investment funds and advisors, private funds, clearing agencies, and foreign companies listed in the U.S. For her service, she received multiple awards, including the DOJ’s Investigative Achievement Award and the SEC’s highest honorary award, the Distinguished Service Award.
Dr. Martynova has held academic positions at Georgetown University’s McDonough School of Business, the University of Sheffield Management School (UK), and Tilburg University (Netherlands). Her research has been published in peer-reviewed journals, such as the Journal of Corporate Finance and the Journal of Banking and Finance. She has also contributed chapters to several corporate finance textbooks.