Churning
By: Craig McCann (Dec 2001)
In this paper, Dr. McCann improves upon traditional indicators of churning and demonstrates that, properly calculated, the trading costs estimate of damages closely parallels the well-managed theory, or benchmark portfolio, estimate of damages.
Bid-Ask Spread, Sales Credits and Brokers' Compensation
By: Craig McCann and Richard G. Himelrick (Jun 2001)
In this working paper, co-authored with Richard Himelrick, Esq., Dr. McCann explains the role of market makers and the provision of sales credits as a basis for brokers' compensation.
McCann On Trading Models
By: Craig McCann (Jun 2000)
Stock trading models are used by economists to estimate damages in securities class action lawsuits. In this note, we explain the three types of models used by plaintiffs' and defendants' experts.
