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Steven M. Felsenstein is Co-Chair of the Investment Management Practice and focuses his practice on serving clients involved in financial services industries. He advises investment companies registered under the Investment Company Act of 1940, investment advisers registered under the Investment Advisers Act, and other administrators and service providers involved in the industry. Steven also represents broker-dealers and transfer agents registered under the Securities Exchange Act of 1934, and issuers of securities under the Securities Act of 1933. Steven represents clients in connection with administrative proceedings conducted by the SEC and FINRA, and participates in related actions. Steven’s prior practice includes experience as a staff member in the Division of Corporation Finance and as a Branch Chief in the Division of Investment Management at the U.S. Securities & Exchange Commission.

  • Investment company representation
  • Investment advisory matters
  • Securities regulatory matters
  • Organization and operation of hedge funds
  • Limited and private offerings
  • Broker-dealer matters
  • General corporate matters


Recognition & Leadership

  • Team Member, Corporate Board Member magazine and FTI Consulting Inc., one of "America’s Best Corporate Law Firms," 13th Annual Legal Industry Study, 2013
  • Member, American Bar Association, Corporations, Banking and Business Law Section, Investment Companies Subcommittee
  • Member, Philadelphia Bar Association
    • Member, Securities Committee
    • Member, Investment Companies Committee
  • Trustee, Temple Emanuel of Cherry Hill, 2003-2010
  • Member, Cherry Hill Township Zoning Board, 1987-1991
  • Chairman, Cherry Hill Township Cable Television Board, 1985-1987


  • J.D., Georgetown University Law Center, 1974
  • B.A., Political Science, Long Island University - C.W. Post Campus, 1970
  • Pennsylvania
  • District of Columbia
  • Maryland
  • Supreme Court of Pennsylvania
  • Supreme Court of the United States
  • U.S. Court of Appeals for the District of Columbia Circuit
  • U.S. Court of Appeals for the Second Circuit
  • U.S. Court of Appeals for the Third Circuit
  • U.S. District Court for the District of Columbia
  • U.S. District Court for the Eastern District of Pennsylvania