Nick Losurdo advises financial institutions on legal, regulatory, policy, transactional, and strategic matters. Mr. Losurdo recently served at the SEC as Counsel to one of the Commissioners. He approaches each engagement with the deep and diverse experience he has developed serving in high level roles in government, in-house, and private practice.

As a partner in Goodwin’s Financial Industry group and its Fintech, Digital Currency & Blockchain Technology and Privacy & Cybersecurity practices, Mr. Losurdo takes an end-to-end approach to counseling his clients, including:

  • Broker-dealers, ATSs, equity and option exchanges and investment advisers regarding SEC and FINRA rules and regulations.
  • Technology and other companies, including in the areas of fintech, and blockchain and digital currency (such as compliance with federal and state regulations).
  • Private equity funds during strategic and financial acquisitions, dispositions and restructurings involving financial institutions.

Before returning to Goodwin, Mr. Losurdo served at the SEC, where he was immersed in agency matters as Counsel to one of the Commissioners. While at the SEC, Nick 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 significant matters, Mr. Losurdo 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; Title VII under the Dodd-Frank Act; and blockchain and digital assets.

Mr. Losurdo utilizes his diverse capital markets and financial services experience to provide 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.

Mr. Losurdo 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.

Experience

ERFAHRUNG

EXPÉRIENCE

工作经历

Mr. Losurdo frequently interacts with the staff of the SEC, FINRA, and various other regulators, agencies, and SROs, including the MSRB, exchanges, OCC, and DTCC. Clients trust Nick’s unique, yet diverse expertise and practical guidance on large and small projects alike, including:

  • Mr. Losurdo has served as lead regulatory counsel on several dozen successful transactions involving the purchase or sale of broker-dealers, exchanges, and other financial institutions, often with private equity fund buyers or sellers. The targets in these transactions range from small, independent broker-dealers to some of the largest broker-dealers in the U.S. and global exchange platforms. Clients rely on Nick’s expertise and input in the areas of SEC and FINRA approval, transactional due diligence, state registration, and membership with the exchanges, clearing agencies and other SROs.
  • Mr. Losurdo possesses invaluable capital markets, market structure and trading expertise, which he has utilized to advise equity and option exchanges on several hundred rulemaking initiatives. With a keen understanding of the regulatory process and the business and technology drivers and impact, he provides clients with insights to anticipate hurdles and navigate regulatory demands.
  • Mr. Losurdo has successfully registered several new broker-dealers and ATSs for clients, including handling formation, FINRA membership, SEC registration, and ongoing compliance with applicable rules and regulations.

Mr. Losurdo’s broker-dealer clients turn to him on a daily basis for practical guidance on a variety of topics, including Regulation Best Interest; order handling; trade execution (including Best Ex) and reporting (including swap reporting); the SEC’s “Market Access Rule” (Rule 15c3-5); Regulation NMS; market making; clearing; communications with the public and disclosures; net capital and other financial and operational matters; AML; cybersecurity; crowdfunding; fixed income matters (including markups/downs); suitability; new business initiatives (including FINRA Continuing Membership Applications); licensing, registration and compensation of personnel; supervision and WSPs; customer statements and confirms; offerings and underwriting; and internal inspections and annual audits.

Mr. Losurdo advises clients in relation to SEC and FINRA examinations, investigations, and enforcement actions.

Professional Activities

Mr. Losurdo is a member of the American Bar Association, the Boston Bar Association, and the DC Bar Association.

Professional Experience

Mr. Losurdo has served in high-level government, private practice, and in-house roles. Before returning to Goodwin, he served at the SEC as Counsel to one of the Commissioners. While at the SEC, he 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. Before joining the SEC, Mr. Losurdo was Counsel at Goodwin. Earlier, he was an associate at another global law firm, and before private practice, he was Counsel at an SEC-regulated options exchange, where he was responsible for a broad array of regulatory and corporate legal matters, and regularly worked closely with business and IT colleagues on new business initiatives and the exchange’s technology.

In The News

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Credentials

WERDEGANG

RÉFÉRENCES

专业资格

Education

J.D., 2006
Suffolk University Law School
B.S., Business Administration, 2001
Stonehill College

Admissions

Bar

Massachusetts
District of Columbia
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Our clients rely on us for world-class advisory services, counsel on complex transactional work and high-stakes litigation. Specializing in matters involving the financial, life sciences, private equity, real estate, and technology industries, we use a collaborative, cross-disciplinary approach to resolve our clients’ most challenging issues. To find out more, please contact us.

Unsere Kunden verlassen sich auf unsere erstklassige Beratung, vor allem im Hinblick auf komplexe Transaktionen und High-Stakes-Prozesse. Spezialisiert auf Angelegenheiten der Finanz-, Life-Sciences-, Private-Equity-, Immobilien-und Technologie-Branchen, verwenden wir einen kooperativen und interdisziplinären Ansatz, um Fragen unserer Kunden auch in extremen Spezialsituationen einer Lösung zuzuführen. Sie wollen mehr erfahren? Kontaktieren Sie uns gerne.

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