NERA Issues Reports Analyzing Securities Trends in the US, the UK, and Canada

Thu Mar 01 01:00:00 EST 2018

In three separate reports, NERA finance and securities experts examine trends in regulatory enforcement actions and securities class action filings and resolutions in 2017. These reports build on our decades-long work analyzing securities trends and underscore NERA’s commitment to offering sound advice in the economics of securities, finance, and commerce.

The US-focused report, Recent Trends in Securities Class Action Litigation: 2017 Full-Year Review, marks the 25th anniversary edition of the annual study. New findings discussed in this year’s report include an increase in filings, led by a doubling of merger-objection filings.

In our 2017/18 mid-year report on Trends in Regulatory Enforcement in UK Financial Markets, NERA Associate Director Erin B. McHugh uses our proprietary database of enforcement activity to analyze trends in enforcement and litigation in order to look behind the headline numbers. Fine activity from the Financial Conduct Authority (FCA) remained at a low level over the 12 months ending 30 September. However, the regulator has indicated that we should not view this as a return to “light touch” regulation.

And in the latest edition of NERA’s annual report focused on Canada, Trends in Canadian Securities Class Actions, Director Bradley A. Heys and Associate Director Robert Patton discuss patterns in and leading up to 2017, including evidence that a slower rate of Canadian filings can be considered the new norm.