Participants in the U.S. capital markets can be sued for securities fraud by a mishmash of enforcers, including the SEC …

We estimate what percentage of firms engage in fraud and the economic cost of fraud. Our estimates are based on … detected frauds, and frauds that we infer are started but are not caught. To identify the ‘iceberg' of undetected fraud we take … advantage of an exogenous shock to the incentives for fraud detection: Arthur Andersen's demise, which forces companies to …

corporate signals and securities fraud. The incentive to communicate using corporate signals has increased in recent years, a … federal securities laws aimed at better deterring fraud and making companies more transparent. The Article makes three major … design antifraud provisions under the securities laws in order to reduce total fraud, instead of simply rechanneling …

Quantifying the amount of actual loss within securities fraud cases is crucial to criminal sentencing. The United … stock prices during and after the fraud. This paper argues that the Guidelines imprudently opt for ease of judicial … securities fraud with its civil counterpart, as promulgated by the Supreme Court in Dura Pharmaceuticals, Inc. v. Broudo. A …

This Article analyzes approaches to attaching liability for securities fraud to high-frequency traders as primary … practices of high-frequency traders as securities fraud …

We examine the effect of insider share pledges on corporate fraud. We find a positive, causal relation between share … pledges by controlling shareholders and detected corporate fraud. Firms whose controlling shareholders pledge have longer … fraud detection cycles and receive lighter punishments. Firms with pledging controlling shareholders who hold pledging …

securities fraud case involving social media; in fact, in United States v. Schena and United States v. Milton, two different CEOs … were convicted of criminal securities fraud based on tweeting activity. Though defendants question the role of social media … enforcement actions by the SEC that suggests that though social media statements are not yet rich fodder for securities fraud …

transaction. Fraud on a distribution fund is not securities fraud …

Secondary actors, such as lawyers, accountants, and bankers, are oftentimes critical players in securities fraud. The … manage to remain anonymous participants in securities fraud. Read carefully, Stoneridge instead held that proximity to fraud … versus remote to another's fraud. The principles of cooperation also provide a framework around which we can organize …