Stephen Bouchard

Stephen Bouchard, an attorney and CPA, has been Associate Commissioner for Securities in the District of Columbia Department of Insurance, Securities and Banking since April 2025. He was previously Director of Examinations for the Bureau of Securities in the New Jersey Attorney General’s Office from January 2012 to April 2022.

Stephen was an attorney in private practice in Washington, DC, for 24 years, including 17 years as the senior securities partner in a DC law firm where he specialized in M&A, finance, and corporate governance for public companies in regulated industries.

Stephen became a member of the Board of Directors of the North American Securities Administrators Association (“NASAA”) in September 2023. He had previously been Chair of the Broker-Dealer Section Committee since September 2022, which at that time assumed leadership of NASAA initiatives surrounding the implementation of the SEC’s Regulation Best Interest. He was previously: a member of NASAA’s Regulation Best Interest Committee from 2018-2022; NASAA’s Investment Adviser Section Committee from 2020 to 2022; a member then co-chair of NASAA’s Investment Adviser Regulatory Policy and Review Project Group from 2012 to 2020; a member then co-chair of NASAA’s Broker Dealer Operations (now, Training) Project Group from 2016 to 2022; and a participant in or leader of several NASAA multi-state investigations. Stephen received NASAA’s Distinguished Service Award in 2018.

Stephen received his BBA in Accounting and his JD from The University of Texas in Austin.  While attending law school, Stephen worked as a Securities Analyst with the Texas State Securities Board where he learned to love securities law, in general, and great respect for Blue Sky securities regulators, in particular.