People

Stephanie Nicolas

Partner

Nicolas, Stephanie

Stephanie Nicolas is a partner in the firm's Securities Department, and a member of the Broker-Dealer Compliance and Regulation and Futures and Derivatives Practice Groups. She joined the firm in 2001.

Practice

Ms. Nicolas works with major investment banking firms, broker-dealers and other financial institutions to develop comprehensive compliance and supervisory procedures for a range of broker-dealer activities, including research activities (analyst conflicts of interest), firm-wide supervision, information barriers ("Chinese Walls") and surveillance procedures, trading issues and sales practice issues.

Honors & Awards

Publications & News

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May 26, 2017

WilmerHale Lawyers and Practices Recognized in 2017 Edition of Chambers USA

Chambers and Partners announced its rankings for the 2017 edition of Chambers USA: America's Leading Lawyers for Business, with WilmerHale listed among the nation's best in 50 practice area categories. Chambers also ranked 86 WilmerHale lawyers as leaders in their respective fields.

May 27, 2016

WilmerHale Lawyers and Practices Recognized in 2016 Edition of Chambers USA

Chambers USA: America's Leading Lawyers for Business announced its final rankings for the 2016 edition, with WilmerHale ranking among the nation's best in 47 practice area categories. Chambers also ranked 82 WilmerHale lawyers as leaders in their respective fields.

July 27, 2015

A Bold New Regulatory Landscape for Research: SEC Approves FINRA Rules Addressing Conflicts of Interest for Equity and Debt Research

More than ten years after the Global Research Settlement and the adoption of NASD Rule 2711, the Securities and Exchange Commission has approved new FINRA rules addressing conflicts of interest for both equity and debt research analysts and research reports.

May 19, 2015

WilmerHale Practices, Lawyers Ranked Among Nation’s Best by Chambers USA

Chambers USA: America's Leading Lawyers for Business announced its final rankings for the 2015 edition, with WilmerHale ranking among the nation's best in 46 practice area categories. Chambers also ranked 86 WilmerHale attorneys as leaders in their respective fields.

May 18, 2015

FINRA Allows Use of Related Performance Information in Communications Regarding Mutual Funds with Financial Intermediaries and Other Institutional Investors

On May 12, 2015, the staff of the Financial Industry Regulatory Authority issued an interpretive letter to Hartford Funds Distributors, LLC that conditionally allows distributors of mutual funds to include certain types of related performance information in communications with institutional investors, including registered broker-dealers and investment advisers.

January 13, 2015

SEC Adopts Regulation Systems Compliance and Integrity

On November 19, 2014, the Securities and Exchange Commission (“Commission” or “SEC”) voted unanimously to adopt proposed Regulation Systems Compliance and Integrity (“Reg SCI”) under the Securities Exchange Act of 1934 (“Exchange Act”), as well as certain conforming amendments to Regulation ATS (“Reg ATS”).

October 1, 2014

Recent regulatory developments provide some clarifications regarding the market access rule for broker-dealers

An article by Bruce H. Newman, Elizabeth Mitchell, Stephanie R. Nicolas, Andre Owens and Ashley E. Bashur published in Journal of Investment Compliance,Vol. 15, Issue 3, pp. 10-19.

April 22, 2014

SEC Staff Issues First Set of FAQs on Rule 15c3-5, Risk Management Controls for Brokers or Dealers with Market Access

On April 15, 2014, the Staff of the SEC’s Division of Trading and Markets issued its first set of frequently asked questions (FAQs) regarding Rule 15c3-5 under the Securities Exchange Act of 1934.

March 26, 2014

SEC Approves New Consolidated FINRA Supervision Rules and FINRA Establishes an Effective Date

Last week, FINRA issued a Regulatory Notice describing changes to its supervision rules and announcing an effective date of December 1, 2014.

December 23, 2013

The Volcker Rule Handbook: A Detailed Look at the Final Rule Implementing Section 619 of the Dodd-Frank Act

Three and a half years after passage of the Dodd-Frank Act, the much anticipated final Volcker Rule has been issued.

Speaking Engagements

Professional Activities

Ms. Nicolas has co-authored several articles on broker-dealer regulation, including "Will Multiple Regulators Spawn an Inconsistent Framework for Research Analyst Regulation?” (Becker, Lee, & Nicolas, Wall Street Lawyer, September 2000, Volume 6/Number 4).

Practices

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Education

JD, magna cum laude, Georgetown University Law Center, 1999, Editor, Law and Policy in International Business; Order of the Coif

BA, Brown University, 1994

Bar Admissions

District of Columbia

New York

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