Financial Institutions and Banking

Fiduciary Duty and Conflicts of Interest

Fiduciary Duty and Conflicts of Interest

The duties and conduct of financial institutions' directors, officers, and other fiduciaries are routinely scrutinized in financial institution litigation. Common themes in litigation include allegations of breach of fiduciary duty and conflict of interest. Examining these claims requires comprehensive and objective analysis of the actions in question, as well as a deep knowledge and understanding of regulatory and industry standards. NERA combines significant financial institution supervision, policy-making, and industry experience with extensive analytical and research capabilities to address these complex issues.

We have provided expert analysis and testimony for both defendants and plaintiffs in a variety of areas, including:

  • Duties of bank boards, and individual directors and officers (D&O)
  • Duties of registered investment advisors (RIAs) and broker-dealers
  • Duties of investment fund trustees
  • Conflicts of interest and non-public information
  • Separation of proprietary vs. consumer accounts
Name Title Location Phone Email
Dr. Patrick Conroy Managing Director
Chair of NERA's Securities and Finance Practice
New York City +1 212 345 1466 patrick.conroy@nera.com
Title Type Author
Expert Analysis: Financial Crisis Anniversary - Trends In Credit Crisis Settlements Published Article By Faten Sabry, Sungi Lee, and Linh Nguyen
PDVSA’s Peculiar Oct. ’22 Bond May Carry Elevated Risks Report By Timothy McKenna and Raphael Starr
Securities Class Actions: 2016 Full-Year Review and Mid-2017 Flash Update Published Article By Stefan Boettrich and Svetlana Starykh
BSA/AML Compliance and Enforcement: An Update for the Securities and Derivatives Indu... Published Article By. Sharon Brown-Hruska
Not All MBS Settlements Are Equal White Paper By Faten Sabry, Sungi Lee, and Linh Nguyen
Trends in Canadian Securities Class Actions: 2016 Update Report By Bradley A. Heys & Robert Patton
Trends in Regulatory Enforcement in UK Financial Markets 2015/16 Year-End Report Report By Robert Patton and Erin McHugh 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.