Steven W. Stone — Partner at Morgan, Lewis & Bockius LLP

Mr. Steven W. Stone is a Partner at Morgan, Lewis & Bockius LLP. Mr. Stone is also a current Member of Editorial Board of Compliance North America at Complinet Group Ltd. Steve's practice focuses on broker-dealer and investment manager regulation and enforcement defense and regulation of the securities markets. Steve has extensive experience in all aspects of broker-dealer and investment management regulation, representing major investment banks, broker-dealers and investment managers in a broad range of matters. He frequently advises trading desks of both broker-dealers and investment managers on a range of issues. Steve also heads up the group of Morgan Lewis lawyers representing broker-dealers on regulatory matters. Mr. Stone counsels clients on a wide variety of regulatory and transactional matters, including development of new products and services; federal and state registration and compliance issues; SEC, NASD and state investigations; and enforcement actions; mergers and acquisitions and joint ventures involving broker-dealers and investment advisers; interpretive and 'no-action' letter requests; insider trading issues; and related matters. Mr. Stone also counsels various clients on Internet and electronic trading matters, operation of alternative trading systems, broker-dealer compensation arrangements, and offering financial services through the Internet. He also advises foreign clients on the applicability of U.S. law to cross-border trading activities. Mr. Stone advises clients on the establishment and operation of wrap fee and asset allocation programs and regulations affecting hedge funds.