Nick Losurdo is Counsel in Goodwin’s Financial Industry, FinTech, Digital Currency & Blockchain Technology and Privacy & Cybersecurity practices. Mr. Losurdo 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, such as security token offerings and other crypto- or blockchain-based initiatives (including compliance with federal and state regulations).
  • Private equity funds during strategic and financial acquisitions, dispositions and restructurings involving financial institutions.

Mr. Losurdo utilizes his diverse capital markets and financial services experience (encompassing both in-house and private practice roles) 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 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.

Mr. Losurdo also regularly offers pro bono guidance to aspiring and current entrepreneurs through small-business legal clinics, including as a participant in the Goldman Sachs Legal Clinic for 10,000 Small Businesses and clinics sponsored by his local bar association. Various charitable causes benefit from Mr. Losurdo's involvement, including Back on My Feet, where he has served as an advisory board member and is an active participant with this running-based nonprofit.

Experience

ERFAHRUNG

EXPÉRIENCE

工作经历

Mr. Losurdo frequently interacts with the staff of the SEC, FINRA and various other regulators and agencies, including the MSRB, OCC, DTCC. Clients trust his 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 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. Clients rely on his expertise and input in the areas of transactional due diligence, FINRA membership, state registration and membership with the exchanges, clearing agencies and other SROs. His transactional work also covers securities exchanges and requisite SEC approval.
  • 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 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, including on matters relating to municipal securities (including the SEC’s MCDC initiative) and advertising regulation.

Professional Activities

Mr. Losurdo is a member of the American Bar Association and the Boston Bar Association. He serves as co-chair of the Broker-Dealer Subcommittee of the Boston Bar Association Financial Services Section.

Professional Experience

Before joining Goodwin, Mr. Losurdo was an associate at Morgan, Lewis & Bockius, where he was a member of their Investment Management Group. Prior to private practice, he was counsel at an SEC-regulated options exchange, where he was responsible for proposed rule changes and ensuring ongoing compliance in areas such as trading rules and listings. Mr. Losurdo also worked closely with business and IT colleagues on new business initiatives and the exchange’s technology.

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 uns für erstklassige Beratungsdienste, beraten über komplexe Transaktionsarbeiten und High-Stakes-Prozesse. Spezialisiert auf Angelegenheiten der Finanz-, Life-Sciences-, Private-Equity-, Immobilien-und Technologie-Industrie, verwenden wir eine kooperative, interdisziplinäre Ansatz zur Lösung unserer Kunden am schwierigsten Fragen. Um mehr zu erfahren, kontaktieren Sie uns bitte.

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