US Law Enforcement Superior in Financial Recovery, but Lacks Public Discipline.
The study compares how securities fraud cases were handled in the U.S. and Brazil during the 2008 financial crisis. Two Brazilian companies faced losses due to currency fluctuations, leading to legal actions in both countries. The U.S. had better outcomes for shareholders recovering money, but Brazil had more public discipline for corporate wrongdoings. This shows differences in how enforcement actions are carried out in each country.