Stephen Mark Dollar
A partner in our New York office, Steve Dollar is the US Head of the Banks International Business Group. His practice covers all aspects of complex disputes, including litigation and regulatory investigations on a nationwide basis.
While Steve has represented a diverse mix of commercial entities (including real estate, energy, health care and technology firms) on both sides of a litigation docket, his practice concentrates on securities litigation, including representing US and non-US banks, broker-dealers, investment banks, RIAs, RICs and community banks in complex disputes. He also represents leading financial institutions in both issue-specific and enterprise-wide regulatory investigations, including enforcement actions brought by the SEC, FINRA and other federal and state regulators. Steve has directed numerous confidential internal investigations for Wall Street firms, and has extensive first chair trial experience in arbitrations on a nationwide basis.
JD, Southern Methodist University School of Law, 1999
BA, Duke University, 1995
Steve is licensed to practice in New York, Texas and before the U.S. Court of Appeals for the Fifth and Ninth Circuits, U.S. District Courts for the Northern, Southern, Eastern and Western Districts of Texas and the Southern District of New York.
- Lead counsel to U.S. and non-U.S. investment banks, broker-dealers, trust companies, RICs, RIAs, community banks and related insurance companies in sensitive internal and regulatory investigations nationwide (including SEC, DOJ, FINRA, U.S. Department of Labor and more than thirty state agencies) on a wide variety of both single issue specific and enterprise-wide risks.
- Trial counsel to major investment bank in state district court trial against the nation's largest manager of CLOs; case involved the sale of distressed debt pursuant to Loan Syndications and Trading Association (LSTA) terms; trial ended in full victory for client.
- Represented a broker-dealer targeted by an industry-wide sweep by FINRA in regard to potential violations regarding institutional trade reporting. All targets of the sweep agreed to a fine, some up to eight figure fines. Our client received a no-action letter and paid nothing.
- Lead trial and regulatory counsel for independent board of directors to publicly-held China-based company (product of a reverse merger) in various litigation and regulatory matters.
- Regulatory counsel to regional bank, broker-dealer and RIA with regard to a range of issues, from day-to-day compliance issues to enterprise risk level exposure.
- Lead trial counsel to a Canadian institution accused of RICO violations within a multi-party credit syndicate.
- Lead outside counsel to an innovative bullion depository, a precious metals and bullion depository established in 2015 by a state legislature. A first of its kind, the depository seeks to become an alternative depository to individuals, institutions, and sovereign nations.
- Trial counsel to foreign state-owned oil company in a $1.5 billion fraudulent transfer litigation.
- Lead counsel for a team of numerous subject matter experts to identify, discern and advise on all applicable laws, rules and/or regulations across a range of businesses for multiple US and non-US financial institutions.
- Lead trial and regulatory counsel to individuals and senior executives before the DOJ, SEC and FINRA.
- Lead regulatory counsel to regional and state-chartered financial institutions before numerous financial regulators.
- Trial counsel to telecommunications firm in complex "bet the company" arbitration regarding company's ESOP plan; client won a full dismissal of claims after the close of evidence.
- Lead regulatory counsel to major broker-dealer in AML investigation regarding alleged compliance failures.
- Lead regulatory and trial counsel to both independent and internal public company boards in both litigation and regulatory investigations.
- Lead trial counsel to investment advisors, hedge funds in complex disputes in private US arbitration.
- Lead counsel to one of the country's largest real property lenders in a $35 million complex commercial action involving multiple suits in multiple forums; obtained full dismissal and client retained the property.
- Trial counsel in dismissal of multi-billion dollar auto finance company in securities fraud class action and related shareholder derivative litigation.
- Trial counsel in dismissal of former oilfield services company executive in securities class action and related derivative litigation.
- Trial counsel for a startup B2B e-commerce company against major domestic airline; after seven day hearing in international arbitration, obtained seven figure award for client.
- Lead counsel for Wall Street firms in dozens of customer initiated FINRA arbitrations.
- Trial counsel for commercial property developer in real property case involving four different bankruptcy and federal courts.
- Through the Lawyers on Loan program with the Dallas District Attorney's Office, prepared and tried over a dozen cases in three months.
- New York State Bar
- Texas State Bar
Rankings and recognitions
- Texas Rising Star, securities litigation, Thomson Reuters, 2007 - 2013
- Texas Super Lawyer, securities litigation, Thomson Reuters, 2014 - 2018
- Co-author, "Lessons From Recent FINRA Cycle Exams," Law360, Sept. 6, 2016
- Co-author, Fighting Elder Abuse And Defending The Decision To Freeze, Law360, June 21, 2016
- Co-author, "DOL Fiduciary Rule Has Financial Service Cos. In A Flurry," Law360, March 16, 2016
- Co-author, "Proposed Department of Labor rule will expand fiduciary responsibility," Norton Rose Fulbright Whitepaper, February 2016
- Chairman & CEO Peer Forum, NYSE Governance Services, New York Stock Exchange, April 9, 2014
Memberships and activities
- American Bar Association
- Dallas Bar Association
- Dallas Association of Young Lawyers
- Patrick E. Higginbotham American Inn of Court (2006, 2012-13)
This session will explore the Extractive Sector Transparency Measures Act (ESTMA), including the final guidance and reporting requirements, and provide a Canadian and US legal perspective on governance, disclosure, internal controls and risk..
Wednesday, September 21, 2016
On Wednesday, February 21, 2018, the US Supreme Court resolved a circuit split by unanimously holding that an employee must report suspected securities law violations to the SEC in order to qualify as a whistleblower entitled to protection from retaliation under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 .
February 23, 2018
The widespread introduction of legislation protecting the actions of ‘whistleblowers’, and increased public expectations of global corporate accountability, mean tha.
May 24, 2016