Dr. Patrick Conroy

Managing Director

Chair of NERA's Securities and Finance Practice


New York City
Tel: +1 212 345 1466
Fax: +1 212 345 4650

Email: patrick.conroy@nera.com
vCard: Download


PhD in economics, University of Miami
BA in foreign policy, American University


Dr. Conroy is a Managing Director and Chair of NERA's Securities and Finance Practice. He specializes in the economic analysis of securities and finance issues. His work at NERA has included expert testimony and consulting involving securities fraud, mutual and hedge fund issues, exchange-traded fund disclosure and trading, securities lending, broker-dealer-related disputes, derivatives, swaps, and ERISA matters. He has also provided opinions on damages in bribery cases under the Foreign Corrupt Practices Act. Dr. Conroy has testified in US federal and state court, and has appeared at mediations and arbitrations.

Prior to joining NERA, Dr. Conroy was an economist at the US Securities and Exchange Commission (SEC) and developed new products for FolioInvesting, an online brokerage firm. While at the SEC, he conducted research on electronic communications networks, foreign securities, IPOs and underwriting, mutual funds, securities fraud, Social Security, broker/customer disputes, and market microstructure trading issues. While at FolioInvesting, he designed initial content and functionality, and developed new products relating to performance, tax-efficient trading, and margin.

Dr. Conroy has provided analysis for a variety of securities cases including United States v. Blankenship, Veleron Holding BV v. BNP Paribas SA, Securities and Exchange Commission v. Cuban, and U.S. v. Alcoa World Alumina LLC.

Title Type Author
Money Market Mutual Funds: Stress Testing and the New Regulatory Requirements White Paper By Dr. Patrick E. Conroy and Dr. Jordan Milev, et al.
Review of the White House Report Titled, "The Effects of Conflicted Investment Advice... Working Paper By Dr. Jeremy Berkowitz and Dr. Patrick Conroy et al.
Insurance Coverage Towers and Predicted Settlements Working Paper By Dr. Patrick Conroy and Dr. Jordan Milev
ETFs: Overview and Recent Issues Brief By Dr. Patrick Conroy, Dr. James Overdahl, Robert Patton, and Raymund Wong
Economic Analysis of Damages under the Foreign Corrupt Practices Act (FCPA) Working Paper By Dr. Patrick Conroy and Dr. Graeme Hunter
FCPA Settlements: It's a Small World After All Working Paper By Raymund Wong and Dr. Patrick Conroy
Options Backdating: The Statistics of Luck Working Paper By Dr. Patrick Conroy and Dr. Branko Jovanovic with former NERA Senior Consultant Dr. Renzo Comolli
Options Backdating: Accounting, Tax, and Economics Working Paper By Dr. Patrick Conroy et al.
Options Backdating: A Primer Working Paper By Dr. Patrick Conroy et al.