Team

Ronald A. Bertino, CPA

Senior Director

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Ronald A. Bertino, CPA, heads operations for Heffler Claims Group. He is actively involved in overall case management with special expertise in antitrust, consumer and government enforcement class action matters.

One of the more complex matters under his direction was a civil case for the Securities & Exchange Commission against seven Specialists firms. He interfaced with the SEC, the New York Stock Exchange and many clearing firms and nominees to identify damaged investors. He has directed the administration of the disgorgement funds and civil penalties, which were in excess of $247 million. Distributions occurred on a rolling basis to the identified harmed investors.

In the Currency Conversion Fee Antitrust Litigation, Ron oversaw the administration of a $336 million settlement with claims submitted for the distribution to select credit and debit card holders charged with a transaction fee on foreign exchanges. Almost 40 million notices were mailed globally. A total in excess of 10.2 million claim forms were submitted by claimants with more than half of the forms filed electronically.

In a settlement between the Securities & Exchange Commission and Knight Securities LP, Ron was in charge of administering disgorgement funds, prejudgment interest and civil penalties in excess of $66 million. His team reviewed documentation to determine the proper loss amount to each of the financial institutions prior to any distribution being approved. Distribution was made to the financial institutions and certifications obtained from each institution confirming the allocation to the harmed investors.

Ron graduated from Drexel University with a bachelor’s degree in Business Administration. He is a member of the American and Pennsylvania Institutes of CPAs. He served on the Advisory Board of Girard Partners Ltd. He also served as a member of the Board of Directors and the Education Committee of the Philadelphia Police Athletic League in Philadelphia.

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