Stephen H. Bier represents investment advisers and registered open-end and closed-end investment companies and their boards of directors in a variety of matters including the development of new investment products and strategies, transactional issues and regulatory guidance.  He also advises clients on issues relating to securities lending and repurchase agreements, and registered funds’ use of derivatives.  He also regularly assists registered funds and registered advisers on a variety of compliance issues, including responding to SEC exams, and has experience in working on SEC enforcement matters.

Mr. Bier has been listed as a leading lawyer for investment funds by Chambers USA. In the most recent edition, a client stated that “Stephen is terrific - he is very analytical, responsive and commercial.” “He is an exceptionally talented and responsive attorney.” A previous edition noted that he is “a very good lawyer and a quality partner for registered funds.” He has also been recognized in The Legal 500 (U.S.) in the area of mutual/registered funds.

Mr. Bier is an adjunct professor at St. John's University, where he teaches Regulation of Mutual Funds.

    • SEC Rulemaking Webinar Series: New Rule 2a-5: Good Faith Determinations of Fair Value, Part 1 — Dechert LLP, Webinar (April 22, 2021)
    • Compliance Issues in the Current Environment — Dechert LLP, COVID-19 Coronavirus Business Impact Webinar (April 21, 2020)
    • Developments in Derivatives Regulation — 2016 San Francisco Investment Management Symposium, San Francisco, CA (November 9, 2016)
    • Introduction to Mutual Funds — Dechert LLP, New York, NY (July 1, 2014)
    • Asset Management Roundtable — Dechert LLP, New York, NY (March 19, 2013)
    • Euro Crisis Webinar Series: Issues Affecting Fund Management — Dechert LLP, Webinar (June 13, 2012)
    • Applying Whistleblower Rules at Investment Adviser Firms — Dechert LLP, Webinar (May 3, 2012)
    • Whistleblower Issues for Asset Managers — Dechert LLP, Webinar (July 27, 2011)
    • Navigating the New Regulatory Structure Governing Money Market Funds — Dechert LLP, Webinar (April 8, 2010)
    • How Mutual Funds are Priced and Sold — Practising Law Institute's ABCs of Mutual Funds, New York, NY (June 10, 2009)
    • Trends in Principal Protected Investments & Product & Structure Review for Principal Protected Plans — FRA's Principal Protected Investment Products Conference, New York, NY (May 22, 2008)
    • Correctly Defining the Roles and Responsibilities of Advisors and Sub-advisors — The 2008 NY Sub-Advised & Multi-Managed Funds Summit, New York, NY (January 25, 2008)