February 12, 2009
Contact: Bill Caldwell, Office of Public Information, Pace University, 212-346-1597, firstname.lastname@example.org
Topic: The White House plan to rescue the nation’s financial system
“This government is going to fix this problem.”
Ronald W. Filante, Ph.D., an expert on SEC litigation, NASD arbitration, and financial planning, is an associate professor of finance and economics at Pace University’s Lubin School of Business in New York.
Professor Filante is available to comment on the plan to rescue the nation’s financial system, announced by Treasury secretary Timothy F. Geithner.
Filante said that he was impressed by the size of the program Geithner announced. “You’re no longer talking about billions. You’re talking about trillions,” he said. “This government is going to fix this problem.”
He also said he is skeptical that the major stock indexes plummeted because of a lack of details from Geithner. It’s usually not valid to claim that any one event or speech causes the entire stock market to rise or fall on a given day, he said.
BACKGROUND: Filante serves as a consultant to numerous organizations and is a registered representative with VSR Financial Services. For a 15 year period, he also served as an independent trustee on three mutual fund boards.
Filante serves as an expert in cases involving financial securities and economic damages. Many of these are NASD arbitrations in which he testified on behalf of the plaintiff or respondent on issues of suitability, churning, fiduciary duty, and fraud.
Filante earned B.A. (from CUNY, Queens College), M.S. and Ph.D. (from Purdue University) degrees in economics. He has been on the faculties of Queens College, St. John’s University, Ramapo College, Manhattan College, and Pace University.
Filante is the coordinator of the Lubin School’s Student Investment Program and the faculty advisor to Pace Law School’s Securities Arbitration Clinic.
The Lubin School of Business is accredited for both business and accounting by AACSB International, an elite distinction shared by fewer than 3% of business schools worldwide. With a tradition of practice-oriented curricula, the school has achieved national recognition for both its graduate and undergraduate programs in U.S.News & World Report and other media. Approximately 4,000 students are enrolled in Lubin’s undergraduate, graduate and professional degree programs in Downtown and Midtown New York City, and Pleasantville and White Plains in Westchester. Prominent alumni include Melvin Karmazin, CEO of Sirius Satellite Radio; James Quinn, president of Tiffany & Co.; Ivan Seidenberg, chairman and CEO of Verizon; Marie Toulantis, former CEO of Barnes&Noble.com; and Richard Zannino, former-CEO of Dow Jones & Company. www.pace.edu/lubin.
For 103 years Pace University has produced thinking professionals by providing high quality professional education resting on a firm base of liberal learning, amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu