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.
Source quote, verbatim
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.
From
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
Cite as
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
Holds when
comparison of deterrence, not of investor protection generally
supportskaal:claim:1664809-004 Allowing foreign plaintiffs to sue foreign defendants in US courts over securities purchased and sold in forei...
supportskaal:claim:1664809-005 Because many countries choose to combat securities fraud through government enforcement rather than private li...
supportskaal:claim:1664809-031 Regardless of the relative merits of securities regulation in the United States and Europe, European investors...
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