Recognized by The National Law Journal as a Regulatory and Compliance Trailblazer (2015) and also as a Cryptocurrency/Blockchain/FinTech Trailblazer (2018), Stephen Obie concentrates his practice advising multinational corporations and individuals on U.S. securities and commodities law compliance, as well as in the blockchain and cryptocurrency space.
Stephen represents clients in enforcement investigations before the Securities & Exchange Commission, Commodity Futures Trading Commission (CFTC), and Financial Regulatory Authority. He currently represents Overstock.com and its financial technology subsidiary t0.com concerning their use of blockchain technology to trade securities, and also acts as strategic advisor to t0.com as it pioneers the blockchain technology space. He led the team that obtained the first ever effective registration statement that contemplates a public offering utilizing blockchain technology.
His extensive experience includes investigating and litigating cases involving: false reporting of pricing benchmarks, including LIBOR; manipulation of electricity options; manipulation and false reporting in the natural gas market; foreign currency fraud; disruptive trading by an algorithmic trader; whistleblowers; disclosure of material and nonpublic information; and misuse of customer funds, segregation violations, and failure to supervise.
During his 15 years at the CFTC, Stephen held several top positions including Acting Director of the CFTC's Division of Enforcement, and co-chair of the Securities and Commodities Subcommittee of the President's Financial Fraud Enforcement Task Force. While at the CFTC, he advised senior management and presidential appointees on enforcement and policy matters, interacting frequently with federal authorities and international regulators.
Stephen is a regular panelist on legislative, regulatory, and enforcement developments in the commodities and derivatives markets and has been interviewed by leading newspapers and television programs on many topics, including blockchain.