Fiduciary Duty

Working Paper

Who Falls Prey to the Wolf of Wall Street? Investor Participation in Market Manipulation

Manipulative communications touting stocks are common in capital markets around the world. Although the price distortions created by so-called “pump-and-dump” schemes are well known, little is known about the investors in these frauds. By...Read more

Andreas Hackethal
Christian Leuz
Steffen Meyer
Maximilian Muhn
Eugene Soltes
15 April 2019

Comparing Insider Trading in the United States and in the European Union: History and Recent Developments

In the European Union insider trading has been regulated much more recently than in the United States, and it can be argued that, at least traditionally, it has been more
aggressively and successfully enforced in the United States than in...Read more

Marco Ventoruzzo
01 May 2014

Corporate Opportunities in the US and in the UK: How Differences in Enforcement Explain Differences in Substantive Fiduciary Duties

Fiduciary duties are often today held out as typical instruments of shareholder protection in the common law of both the US and the UK, which are sometimes held out as examples for a consensus model for what is considered good corporate law...Read more

Martin Gelter
01 March 2017