# kaal:claim:2029983-040

**Claim.** 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.

**Type.** normative  **Support.** argued

**Holds when.**

- comparison of deterrence, not of investor protection generally

**Source quote.**

> 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, page 73

**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

**Verify.** sha256 of source PDF `fde2ff611420eb283cbb49a6b681a2ae8efa2b4603ae71480e2d91483f0295f2` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Painter%20-%202012%20-%20Forum%20Competition%20and%20Choice%20of%20Law%20Competition%20in%20Securities%20Law%20after%20Morrison%20v.%20National%20Austral.pdf

**Topics.** securities-law, economics, law-and-legal-systems

**Keywords.** deterrence, securities-fraud, investor-protection, jurisdictional-competition

**Related claims.**

- supports: https://wulfkaal.github.io/claims/1664809-004
- supports: https://wulfkaal.github.io/claims/1664809-005
- supports: https://wulfkaal.github.io/claims/1664809-031

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