CCLFR research seminar with Dr Enrico SartoriInfo Location Attendee Categories Contact More Info Event Information
DescriptionEvent time: 12:00-13:00 Title: ‘From Punishment to Compensation in EU Capital Markets: Repurposing Pecuniary Penalties for Investor Redress’ Abstract Investor protection is essential to the development of EU capital markets. A key concern is ensuring compensation for investor losses resulting from price distortions caused by misleading disclosures by listed companies. Since the 2008 financial crisis, the EU has extensively harmonised administrative sanctions, empowering regulators to impose substantial pecuniary penalties on listed companies. Yet investor compensation remains largely dependent on national civil liability regimes, and can be difficult to obtain in practice. This presentation explores whether closer coordination between administrative enforcement and investor compensation is achievable. Drawing inspiration from the US “fair funds” mechanism, it examines the possibility of establishing “EU investor compensation funds”, financed by the proceeds of pecuniary penalties imposed on listed companies, to compensate investors harmed by misleading disclosures
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Additional ItemsContacta.miglionico@reading.ac.uk More InformationBio Dr Enrico Sartori specialises in EU capital markets law, with a particular focus on the interaction between administrative sanctions and civil liability. He has been a Research Fellow at the Luxembourg Centre for European Law (LCEL) and the Max Planck Institute Luxembourg, and practised investment funds law in Italy. He taught EU Banking and Capital Markets Law at the University of Luxembourg, and served as rapporteur for the comparative report on Investors’ Compensation for False Information on Financial Markets, commissioned by the Legal High Committee for the Financial Markets of Paris (HCJP) in 2025. He holds a joint PhD from the Universities of Luxembourg and Frankfurt, an LL.M. from Michigan State University, and a law degree from the University of Trento. Recently Added | |||||||||||||||
