Marlene Haas

Principal

Contact

  • Washington

Education

Marlene Haas is a financial economist with expertise in financial markets and financial institutions. Dr. Haas specializes in topics related to trading in financial markets, with a focus on matters involving alleged market manipulation and disruptive trading issues, digital asset markets, commercial uses for FinTech, and cash and derivative markets. In both the U.S. and Europe, she consults to clients on complex financial economics issues arising in all stages of litigation, including at the class certification and merits stages. Dr. Haas also works on internal and regulatory investigations.

Dr. Haas’s experience spans various financial markets (both over-the-counter [OTC] and public markets) and industries, with an emphasis on banking, broker-dealers, hedge funds, market makers, and individuals involved in regulatory investigations and private litigation. She has presented to regulatory agencies and provided research support for studies connected to the U.S. Securities and Exchange Commission (SEC) rulemaking process.

Dr. Haas’s research on market microstructure topics has been published in the Journal of Financial Economics, the Journal of Financial Markets, the Journal of Financial Compliance, and Compliance Monitor.

Trading in financial markets

Dr. Haas has extensive expertise with issues related to trading in financial markets, market manipulation, and market microstructure. In these contexts, she analyzes large internal and third-party datasets. Her experience includes:

  • Antitrust issues in foreign exchange (FX) and commodity futures markets
  • Benchmark manipulation allegations in precious metals and energy products
  • Best execution analysis
  • Evaluating damages and settlement estimates
  • Front-running and pre-hedging practices in global FX markets
  • Alleged price manipulation in U.S. and European commodity futures markets, FX, cryptocurrency, and government bond markets
  • Spoofing in U.S. and European equity, commodity and financial futures, and FX markets
  • Trading in Volatility Index (VIX)-related products and markets
 Digital assets, blockchain, and FinTech

In matters involving digital asset markets, Dr. Haas’s expertise includes:

  • Analysis of manipulative trading on cryptocurrency exchanges and blockchains
  • Blockchain technology, decentralized finance (DeFi), and smart contract design
  • Forensic analyses of digital asset transactions
  • Commercial uses of FinTech
  • Crypto token categorization
  • Reserve funding
Event

Atlanta Bar Association—Securities & Corporate Litigation Subsection Meeting

Blog

International Women’s Day 2023: Embrace Equity

Article

Cross-Market Manipulation Allegations: Economic Implications

Article

The Legal and Economic Implications from Recent UK Spoofing Cases

Article

Cross-Market Manipulation Under the Microscope

Case

Market Microstructure

Case

Other Market Manipulation Experience

  • “Crypto and Fintech-related Litigation and Enforcement,” Atlanta Bar Association—Securities & Corporate Litigation Subsection Meeting, 23 May 2023