Trading & Markets Counseling

Christian R. Bartholomew attorney profile image

Washington, DC

C: (202) 669-3038
T: (202) 220-1940
F: (202) 661-7059
Larry E. Bergmann attorney profile image

Washington, DC

C: (202) 480-7222
T: (202) 661-7032
F: (202) 661-7059
Katherine Cooper attorney profile image

New York, NY

T: (212) 880-3630
F: (212) 825-9828
James Dombach attorney profile image

Washington, DC

C: (202) 834-2080
T: (202) 661-7019
F: (202) 661-7059
William E. Donnelly attorney profile image

Washington, DC

C: (202) 680-4908
T: (202) 661-7011
F: (202) 661-7059
Joseph C. Lombard attorney profile image

Washington, DC

C: (312) 543-7750
T: (202) 661-7028
F: (202) 661-7059
Thomas J. McGonigle attorney profile image

Washington, DC

C: (202) 680-4941
T: (202) 661-7010
F: (202) 661-7059

New York, NY

T: (212) 880-3624
Paul A. Merolla attorney profile image

New York, NY

C: (646) 522-3529
T: (212) 880-3960
F: (212) 922-2870
Brian M. Walsh attorney profile image

Washington, DC

C: (202) 480-5921
T: (202) 661-7030
F: (202) 661-7059
For more information visit Our Team page.

Looking Forward

Last year indeed proved to be a lively mix of issues and spirited discourse in the trading and markets space. In addition to the appointments of Hester M. Peirce and Robert J. Jackson Jr. to fill two vacant SEC Commissioner posts, Elad Roisman was appointed as a Commissioner to fill the vacancy created by the departure of Commissioner Michael Piwowar. The Commission’s Division of Trading and Markets (T&M) continued to tackle thorny issues, such as market data reform, the tick size pilot, transaction fees, and market quality for thinly traded stocks. FINRA and other SROs continued to focus on algorithmic trading, code development, and market access controls.

We expect to see more of the same in 2019. Commission rulemaking will continue to be leaner, less prescriptive, and more deferential to market forces. That said, we believe Commission rulemaking will be more procedurally constrained and more intensely scrutinized as a result of the recent change in control of the House of Representatives. Cybersecurity and FinTech issues will continue to receive a good deal of attention, and will likely continue to be key issues covered during regulatory examinations.