David Stephens has spent more than three decades advising clients on a wide range of securities law issues under the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
He is nationally recognized for his representation of all types of funds, including open-end, closed-end and interval funds; exchange-traded funds (ETFs); and manager-of-managers funds, as well as their board members and investment advisers.
Featured Representative Matters
Advised on the creation and development of the BNY Dreyfus Stablecoin Reserves Fund, one of the first money market funds intended to function as a permitted reserve vehicle for payment stablecoin issuers under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
Memberships
Member, Investment Management Regulation Committee, New York City Bar Association
Recognitions
Chambers Global (USA: Investment Funds: Registered Funds) (2020-26)
Chambers USA (Nationwide: Investment Funds: Registered Funds) (2017-21, 2023-26)
The Legal 500 United States (Investment Fund Formation and Management: Mutual/Registered/Exchange-Traded Funds) (2018-24, 2026)
