Dr. Patrick Conroy

Senior Vice President

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 specializes in economic analysis of securities and finance issues. His work at NERA has included expert testimony and consulting involving securities fraud, mutual and hedge fund trading, exchange-traded funds, securities lending, broker-dealer disputes, derivatives, leases, swaps, and private equity valuation disputes. He has also provided opinions on damages in bribery cases under the Foreign Corrupt Practices Act (FCPA) and UK Bribery Act. Dr. Conroy has testified in US federal and state court and 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 an online brokerage firm, FolioInvesting. 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 holds a PhD in economics from the University of Miami. His dissertation explored limit order trading on the NYSE, and he has also published on Initial Public Offerings in the Journal of Finance.

Title Type Author
Review of the White House Report Titled, "The Effects of Conflicted Investment Advice... Working Paper By Dr. Jeremy Berkowitz, Dr. Renzo Comolli, and Dr. Patrick Conroy
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. Renzo Comolli and Dr. Patrick Conroy with former NERA Senior Consultant Dr. Branko Jovanovic
Options Backdating: Accounting, Tax, and Economics Working Paper By Dr. Patrick Conroy et al.
Options Backdating: A Primer Working Paper By Dr. Patrick Conroy and Matthew Evans et al.