Nick Losurdo is a partner in Goodwin’s Financial Industry, Fintech, Digital Currency & Blockchain Technology and Privacy & Cybersecurity practices. He advises a variety of clients on regulatory, compliance, transactional, and enforcement matters, including:
- Broker-dealers, ATSs, equity and option exchanges and investment advisers regarding SEC and FINRA rules and regulations.
- Technology and other companies in the area of blockchain and digital currency (including compliance with federal and state regulations).
- Private equity funds during strategic and financial acquisitions, dispositions and restructurings involving financial institutions.
Mr. Losurdo approaches each engagement with a unique blend of experience in high-level government, private practice, and in-house roles. Before returning to Goodwin, he served at the SEC, where he was immersed in agency matters as Counsel to one of the Commissioners. While at the SEC, Mr. Losurdo advised the Commissioner on a broad array of legal, policy and regulatory matters, including proposed and final rulemaking, interpretations and exemptive relief, and enforcement matters. Among other major matters, he advised on rulemaking relating to Regulation Best Interest, Form CRS, and the investment adviser standard of conduct interpretation; changes to Regulation NMS in the area of market data and order handling disclosures and other market structure policy considerations; and Title VII under the Dodd-Frank Act.
Deploying his diverse capital markets and financial services experience, Mr. Losurdo provides thoughtful and practical guidance on SEC rules and regulations, FINRA’s rules and membership, and the membership and compliance requirements of state regulators, equity and option exchanges, clearing organizations and other SROs.
He regularly assists financial institutions in the following areas:
- Registering new broker-dealers and guiding existing broker-dealers through changes of control and material business expansions.
- Providing advice regarding compliance with FINRA rules, including in the areas of personnel registration and licensing, sales practices, trading and trade reporting, supervision, advertising, senior financial protection, new product diligence (including digital assets), and net capital and customer protection.
- Assisting with responses to regulatory investigations, exams and inquiries.
- Counseling issuers and placement agents in regard to securities offerings, both registered and exempt.
- Developing trading, new product and other rule filings for equity and option exchanges.
