Dr. Patrick Conroy specializes in securities and finance. His work at NERA has included the economic analysis of securities fraud, mutual and hedge fund trading, exchange-traded funds, broker-dealer disputes, derivatives, and company valuation. He has also developed a framework to assess damages in bribery cases, such as under the Foreign Corrupt Practices Act (FCPA) and UK Bribery Act. Dr. Conroy has testified in US state and federal court on securities-related issues.
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, and broker/customer disputes. 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 articles on Initial Public Offerings on the Nasdaq in the Journal of Finance.