kaal:claim:2029983-040

Although many jurisdictions may protect investors less well than the United States, it is not at all certain that U.S. law does a better job of deterring securities fraud.

While many jurisdictions could be worse than the United States at protecting investors, it is not at all certain that U.S. law does a better job of deterring securities fraud.

Wulf A. Kaal, Richard W. Painter, Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral (2012), Conclusion, p. 73
https://ssrn.com/abstract=2029983 · source PDF

Wulf A. Kaal, Richard W. Painter, Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral (2012). SSRN: https://ssrn.com/abstract=2029983

• comparison of deterrence, not of investor protection generally

normativesupport: arguedsecurities-laweconomicslaw-and-legal-systems

• supports kaal:claim:1664809-004 Allowing foreign plaintiffs to sue foreign defendants in US courts over securities purchased and sold in forei...
• supports kaal:claim:1664809-005 Because many countries choose to combat securities fraud through government enforcement rather than private li...
• supports kaal:claim:1664809-031 Regardless of the relative merits of securities regulation in the United States and Europe, European investors...

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