Lilian A. Morvay

Lilian Morvay is a Bates Consulting and Testifying Expert who has over 25 years of legal, insurance and risk management experience in the professional liability arena, with a specific focus on Independent Broker Dealer and Investment Advisor Errors & Omissions. Lilian began her legal career litigating insurance coverage matters for both domestic and international insurance carriers. Her professional experience also includes supervising a team of attorneys and managing the broker dealer and investment advisor claims department for a domestic insurance carrier. Lilian expanded her insurance experience by underwriting professional liability insurance policies for broker dealers and investment advisors. While an underwriter, Lilian created a risk management program for the independent broker dealers and RIAs, which has been in existence for 8 years.

As an attorney with extensive experience as a litigator, claims director and underwriter, Lilian has developed a deep understanding of both the insurance and the investment industries, which she has parlayed into the creation of the Independent Broker Dealer Consortium (IBDC), 8 years ago. IBDC offers risk management support for the broker dealer and investment advisor communities with an annual conference, monthly webinars and legal hotline services.

Lilian is licensed to practice law in the States of New York and New Jersey, and is a member of PLUS and ADISA.

Lilian is a consultant and subject matter expert in these Practice Areas and Services:

Securities and Financial Services Litigation & Consulting
- Retail Securities
- Institutional Securities
Compliance Solutions
Insurance and Actuarial Services
- Insurance

Credentials

EXPERIENCE

Bates Group LLC, Consulting and Testifying Expert, 2015 – Present
Independent Broker Dealer Consortium, LLC (“IBDC”), Founder and Principal, 2007 – Present
Independent Contractor, 2015 – Present
Catlin, Inc., Assistant Director of Financial Institutions Underwriting Team, New York, NY, 2006 – 2015
Quanta US Holdings, Inc., Exclusive Independent Contractor, New York, NY, 2005 – 2006
CNA Insurance Company, Director of Life Agents/Security Broker-Dealer Claims Department, New York, NY, 2003 – 2005
Milber Makris Plousadis & Seiden, LLP, Senior Litigation Attorney, White Plains, New York, 2001 – 2003
Slevin, Sold, Neubardt, Weisman, Samberg & Faillace, Staff Counsel for Frontier Insurance Company, Inc., Senior Litigation Attorney, White Plains, New York, 1996 – 2001
R.P. O’Brien & Co. Insurance Associates, In-House Counsel/ Claims Manager/Professional Liability Manager, White Plains, NY, 1994 – 1996
Wilson, Elser, Moskowitz, Edelman & Dicker, LLP, Litigation Associate, New York, NY/White Plains, NY, 1987 – 1994

EDUCATION

Juris Doctor (JD), New York Law School, New York, NY

Moot Court Commendation
American Jurisprudence Award
Civil Trial Advocacy Award

Bachelor of Science (BS), State University College of Oneonta, Oneonta, NY

PROFESSIONAL QUALIFICATIONS/LICENSING

State Court Admissions; State of New York, State of New Jersey, United States District Courts: Southern and Eastern Districts of New York, United States District Court of New Jersey
Professional Designations; New York State Property and Casualty Broker, New Jersey State Property and Casualty Broker, Florida State Property and Casualty Broker, Texas State Property and Casualty Broker, Ohio State Property and Casualty Broker, Pennsylvania Property and Casualty Broker, North Carolina Property and Casualty Broker, Kentucky Property and Casualty Broker

VOLUNTEERISM

ADISA (Alternative & Direct Investment Securities Asso.); Insurance Representative on Task Force Created to Develop Best, Practices Due Diligence for the BD RIA Businesses, 2020 – Present
Planned Parenthood of Hudson Peconic Board Member, 2016 – Present
Nyack Center, Nyack, NY, 2011 –2015
Secretary of Nyack Center Board, 2012 –2015
Advisory Board Member of Nyack Center, 2016 – Present

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