Areas of Specialization
Securities law (including a focus on the regulation of secondary markets, brokers, dealers, investment advisers, and other key market participants); corporate governance
Corporate and securities law, with a focus on financial economics and market-microstructure economics. Current classes: Business Associations, Securities Litigation, and Broker-Dealer & Exchange Regulation
Representative Professional Activities and Achievements
Professor Haeberle’s scholarly work has focused on secondary markets for financial instruments and their regulation. His law review articles have looked closely at the mechanics and economics of these markets to shed light on securities law, corporate law, and related areas of regulation. These works include Information Asymmetry and the Protection of Ordinary Investors (2019) (selected for republication in the SECURITIES LAW REVIEW and for presentation at the Yale/Stanford/Harvard Junior Faculty Forum) and Stock-Market Law and the Accuracy of Public Companies’ Stock Prices (2015) (selected for republication in the SECURITIES LAW REVIEW and for presentation at the Center for Law, Economics, and Finance Junior Faculty Business and Financial Law Workshop). They also include a series of works co-authored with M. Todd Henderson (University of Chicago Law School) on the regulation of information release and an article with Merritt B. Fox (Columbia Law School) on the social criteria for evaluating stock market law.
Professor Haeberle has provided expert advice to attorneys relating to the content of an amicus brief in favor of the United States Securities and Exchange Commission’s Transaction Fee Pilot (2019), received funding from a publicly traded investment-management company (Eaton Vance Management) for research in connection with public comment letters on NYSE Arca proposal to the SEC for the trading of “Managed Portfolio Shares” (2017-2018), been retained as an expert consulting and testifying witness on behalf of the Office of the Federal Public Defender for the Eastern District of Virginia relating to a criminal action in federal court (2017), retained as an expert consulting and testifying witness on behalf of the SEC relating to an enforcement action in federal court (2015 – 2016), provided a series of lectures to the legal staff of the Brazilian securities and exchange commission on the mechanics, economics, and regulation of capital markets (2015), and provided expert consulting to assist the New York State Attorney General’s Office in a confidential securities-law matter (2012).
Prior to joining William and Mary Law School, Professor Haeberle was an Assistant Professor at the University of South Carolina School of Law (summer 2014 – spring 2017), where he received the Teacher of the Year award. He also was a fellow with the Columbia Law School and Columbia Business School Program on the Law and Economics of Capital Markets (2012 – 2014). He taught as a Visiting Lecturer in the joint law school and business school Capital Markets Regulation class during that time. Additionally, Professor Haeberle practiced law (with a focus on securities litigation) for Simpson Thacher & Bartlett LLP and Friedman Kaplan Seiler & Adelman LLP in New York, and served as a law clerk for Judge Victor Marrero of the United States District Court for the Southern District of New York, and as a foreign law clerk for Chief Justice Aharon Barak of the Supreme Court of Israel.
- Information Asymmetry and the Protection of Ordinary Investors, 53 UC Davis L. Rev. 145 (2019). SSRN.
- A New Market-Based Approach to Securities Law, 85 U. Chi. L. Rev. 1313 (2018) (with M. Todd Henderson). SSRN.
- Making a Market for Corporate Disclosure, 35 Yale J. Reg. 2 (2018) (with M. Todd Henderson). SSRN.
- Discrimination Platforms, 42 J. Corp. L. 809 (2017). SSRN.
- Evaluating Stock-Trading Practices and Their Regulation, 42 J. Corp. L. 887 (2017) (by Merritt B. Fox, Kevin S. Haeberle). SSRN.
- Information-Dissemination Law: The Regulation of How Market-Moving Information Is Revealed, 101 Cornell L. Rev. 1373 (2016) (with M. Todd Henderson). SSRN.
- Stock-Market Law and the Accuracy of Public Companies' Stock Prices, 2015 Colum. Bus. L. Rev. 121 (2015), reprinted in Securities Law Review. SSRN.