Stuart B. Armstrong

Stuart serves as co-head of Moore & Van Allen’s Derivatives & Trading practice. His practice is dedicated to transactional and regulatory matters related to derivatives and physical commodities trading and hedging and structured finance transactions.

For more than a decade, he has advised clients on derivatives, commodities and securities trading and financing, business expansions, new product offerings, and significant regulatory and market structure developments, across fixed income, commodities and capital markets products in domestic and international markets.

He represents clients in secured lending and complex finance structures involving precious metals, base metals and energy assets. His practice also extends to representing banks and other hedge providers in syndicated lending, project finance, acquisition-based and securitization hedging transactions.

He represents clients in commodity finance transactions involving metals, oil and natural gas and agricultural products, including leases, repurchase transactions, consignments, intermediations, supply and offtake transactions and other forms of commodity financing.

Stuart also advises clients on CFTC, NFA, SEC, and FINRA registration and compliance matters, including swap dealer, security-based swap dealer, and broker-dealer registrations and regulatory obligations.

Before joining the private sector, Stuart served as Special Counsel at the U.S. Commodity Futures Trading Commission where he drafted and advised on the implementation and enforcement of regulations under the Dodd-Frank Act.

Representative Experience

Stuart’s experience includes the following representations:

• Liquidity provider on the structuring and documentation of a first of its kind OTC Compute derivatives transaction and on derivatives transactions involving equities, digital assets and perpetual derivatives
• Trading affiliate of a financial institution in natural gas asset management and intermediation agreement
• Precious metals dealer serving as custodian for physical gold and silver ETFs
• Precious metals dealer in a secured credit facility
• Precious metals wholesaler in respect of a precious metals repurchase facility
• Multiple financial institutions as secured commodity hedge providers in connection with private issuer asset-backed securitization transactions collateralized by producing oil and gas assets
• Private fund with over $4 billion in assets under management in respect of establishing documentation for financial and physical precious metals trading
• Financial institution in interest rate deal contingent hedge transactions

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