MARKET STANDARDS & PRACTICES

Market Standards & Practices is a general area that refers to the assumptions that participants in financial markets transactions should be able to make about each other regarding the professionalism and integrity of the capital markets, duties to clients and employers, investment analysis and recommendations including investment suitability, and the management and disclosure of conflicts of interest.

Related Work

Board of Supervisors of Fluvanna County, Plaintiff, v. Davenport & Company LLC, Defendant (Virginia: In the Circuit Court of Fluvanna County, Case No. 11CL-191). WEFA, LLC Principal John Merrick acted as expert for Defendant’s lawyers, McGuireWoods LLC.

Josef A. Kohen, Breakwater Trading LLC, and Richard Hershey, Plaintiffs, v. Pacific Investment Management Company LLC, and PIMCO Funds, Defendants (United States District Court for the Northern District of Illinois, Eastern Division, No. 05 C 4681). WEFA, LLC Principal John Merrick acted as expert for Plaintiffs’ lawyers, Lovell Stewart Halebian Jacobson LLP.

Related Publications

“Financial Intermediaries in the Midst of Market Manipulation: Did They Protect the Fool or Help the Knave?” Journal of Corporate Finance, forthcoming

“Market Transparency and the Marking Precision of Bond Mutual Fund Managers,” Journal of Portfolio Management, 2015

“Missing the Marks? Dispersion in Corporate Bond Valuations across Mutual Funds,” Journal of Financial Economics, 101, 206–226, 2011