Steven’s focus includes the structuring and supervision of broker-dealer and investment adviser compliance programs, including written supervisory procedures and policies, training, registration management, anti-money laundering programs, continuing membership applications under FINRA Rule 1017, and interfacing with all regulators including SEC, FINRA, NFA, CFTC, Federal Reserve and state securities departments. His business activity experience includes equity and fixed income brokerage, capital markets transactions, research, securities lending, registered and unregistered investment funds, variable insurance products, 529 plans, syndications, and investment banking including mergers and acquisitions and advisory M&A.
Steven was most recently the CCO and Senior Vice President of Itaú BBA USA Securities, a wholly owned subsidiary of Itaú Unibanco, where he was responsible for all aspects of the broker-dealer compliance program. Concurrently, he spent several years as the CCO of Itaú USA Asset Management, an SEC-registered investment adviser that he helped create. For six years prior to that, he was at Blackrock where he held the positions of Broker Dealer CCO and Senior Legal Counsel. In that capacity Steven was directly responsible for broker-dealer compliance aspects of BlackRock’s acquisition of State Street Research Investment Management, Merrill Lynch Investment Management, Quellos Investment Management and Barclays Global Investment Management. He was also responsible for expansions of BlackRock’s broker-dealer authorized activities pursuant to FINRA Rule 1017 as well as the structuring, creation and launch of new BlackRock broker-dealer entities.
Steven holds a JD degree from Boston University School of Law where he was an editor on the Annual Review of Banking Law, and he graduated magna cum laude with a bachelor’s degree from Cornell University. He holds Series 24, 7, 63, 79 and 99 licenses.