A boutique law firm catering to private
and public companies, startups and ventures,
investors, funds, and broker dealers.

  • REG A+
  • M&A
Businesses, big and small, need to continuously adapt to the ever evolving landscape and economy.

Who We Are

We are a law firm focused on client service, and our approach emphasizes personal relationships with each of our clients. We pride ourselves on ensuring that every avenue of preparation and analysis is undertaken to ensure your company or transaction runs smooth. We built our reputation by providing clients with exceptional judgment, critical and creative thinking, and a deep commitment to solving problems. We’ve earned our clients’ trust because we understand that client service is a core value. We are lawyers, we love what we do, and it makes all the difference.

Our Approach Is Unique

We apply a practical business perspective to our clients’ needs. We understand and consider corporate finance and its implications, investment considerations, how companies and businesses operate, and what it takes to make them grow. We further focus on developing a keen knowledge of our clients’ market – the competitive landscape, the industry dynamics and the economic environment.

Tailor Fitted Solutions

Indeed, companies and their investors need to continuously adapt to the ever evolving regulatory landscape and economy. We aim to help our clients compete and thrive, while providing legal solutions that fit each of their unique circumstances. Because we understand your business, you can rely on Foley Shechter LLP for legal solutions that fit your unique circumstances. We built our reputation by providing clients with exceptional judgment, critical and creative thinking, and a deep commitment to solving their problems. We’ve earned our clients’ trust because we understand that client service is a core value.

SEC’s Cryptocurrency Guidelines

The Securities and Exchange Commission recently issued guidelines for cryptocurrency companies that want to sell digital tokens. In part, this is a positive note as regulatory clarity seems to be increasing. However, some feedback claims that the SEC has gone too far....

Recent Study Shows Advantages of Trading on the OTCQX

A comprehensive study was recently published by Oxford Metrica entitled the OTCQX: The Clear Advantage (the "Paper") regarding the effect on international issuers after joining the OTCQX. Companies found on the OTCQX are those that display sound transparency and...

Change to Time Limit Under NY Securities Law

A ruling on June 12th by New York’s highest court limited to three years the time in which the state attorney general’s office can bring securities fraud claims under the Martin Act (a state law that bans a broad sweep of "fraudulent practices" in the financial...

A Better Understanding of Spotify’s Direct Listing on the NYSE

On April 3, 2018, shares of Spotify Technology S.A. (“Spotify”), the popular music streaming service, began trading on the New York Stock Exchange under the ticker symbol SPOT.  However, the Spotify initial public offering (“IPO”) was conducted unconventionally...

DE Annual Reports

Keeping up with state annual report compliance is the obligation of every successful business. As your partner in compliance, we can assist you with this time-intensive and detail-oriented task. For Delaware corporations, annual report and franchise tax payments  are...

SEC Chairman Issues Statement on Cryptocurrencies

On Monday, the U.S. Securities and Exchange Commission (“SEC”) Chairman Jay Clayton issued a statement on cryptocurrencies and initial coin offerings (“ICOs”) or token sales. At the same time, Chairman Clayton announced an enforcement action against Munchee Inc.,...

Aligning Your Business With a Changing Landscape

There has been a lot of buzz around the recently unveiled House and Senate tax bills. One of, if not the most heated discussion, revolves around the proposed slash in the corporate tax rate – it's HUGE. As currently proposed, the corporate tax rate will be cut from...

OTC Markets Group New Stock Promotion Policy

In a bulletin dated November 7th, 2017, OTC Markets Group announced a new stock promotion policy. The goal of the new policy implementation is to improve overall market transparency for investors while addressing the problems associated with a fraudulent stock...

1180 Avenue of the Americas, 8th Floor
New York, New York 10036

P: (212) 335-0465
F: (917) 688-4092
E: [email protected]


Sasha Ablovatskiy

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Sasha Ablovatskiy

Sasha is a partner of Foley Shechter LLP. Sasha began his legal career as a corporate and securities associate at a well-known Wall Street based boutique law firm. He then practiced at Kaye Scholer, a large international New York based law firm with offices in Los Angeles, Germany, London and Shanghai, where he was the sole senior associate in the firm’s securities practice.

Sasha brings over 10 years of extensive experience to FS and focuses on counseling public and private companies on offerings of equity and debt securities, strategic investments, acquisitions and joint ventures, IPOs, reverse mergers and alternative public offerings, venture capital investments, public company reporting obligations, corporate governance matters, Sarbanes-Oxley compliance and other general corporate law matters. Sasha also works closely with startups on their capital raising needs, structure and formation, contractual matters and various other startup and commercial matters.

Sasha’s experience in structuring and closing offerings, corporate finance and M&A transactions, including the legal, founder and business aspects related to such transactions, are enhanced by his know-how of having founded several startups himself and working with a vast array of management teams and boards of directors.

Sasha actively participates in the New York startup and venture capital community and specifically, in the tech, bio-tech and crowdfunding space. Sasha also serves on the board of a real estate crowdfunding startup and is an angel investor.

Specialties: Public Company Representation, Going Public, M&A, Startups, Crowdfunding and General Corporate Matters.

Retired Partner

Thomas J. Foley

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Tom Foley

Tom Foley practiced law for nearly two decades. After co-founding Foley Shechter LLP, Tom moved on to pursue other passions.

Tom is a strong advocate that principles must lead business decisions and that education is key to success – it is imperative to continually innovate our educational model. With that, Tom has most recently spearheaded the development of TheStudy based in Irving, Texas, a collaborative environment for continued innovation.


Jonathan R. Shechter

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Jonathan R. Shechter

Jonathan is a founding partner of Foley Shechter LLP. Previously, Jonathan was a corporate and securities attorney with a Wall Street based law firm, as well as the Head of the Corporate Finance group of a New York firm with affiliate offices in Tel Aviv, Israel and Shanghai, China, where he was principally engaged in the practice of corporate and securities law.

Jonathan brings extensive experience in structuring and closing corporate finance and M&A transactions, including the legal and practical business aspects related to such transactions, having worked with a vast array of management teams and boards of directors.

Jonathan focuses on representing clients in a wide variety of general corporate and finance transactions, with a concentration on secured and unsecured private equity financing transactions as well as registration statements associated with these financings, public offerings, joint ventures, employment and shareholder agreements, as well as with the formation of private equity funds. Jonathan also represents publicly held companies with their 1934 Act reporting obligations and in the representation of broker-dealers and registered individuals in a wide array of matters, including ongoing compliance and regulatory inquiries.

Jonathan also serves as an Advisory Board Member to Beyond the Boroughs, a non-profit organization that creates deserved college scholarship opportunities for students, with a primary focus on first generation collegians.

Specialties: Private Equity and Venture Capital, Going Public, Public Company Representation, M&A, General Corporate.

Teaching and Public Speaking: Jonathan is an adjunct professor at Fairleigh Dickinson University (FDU) where he teaches Business Law. Jonathan also regularly participate in conference panels and seminars (including interviews at the NYSE and NASDAQ MarketSite) surrounding various corporate finance, M&A and other regulatory matters, both in the U.S. and internationally. Jonathan is also a guest lecturer at Rutgers University in conjunction with the University’s entrepreneurship course.

Of Counsel

Steven W. Heller

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Steven W. Heller

With degrees in both law and accounting, and a wealth of business experience, Steven Heller has built a reputation for assisting corporate clients in all aspects of business development, including contracts, mergers and acquisitions and development of brands and intellectual property.

Over the past 20+ years, Steven has enjoyed a successful career working with both established companies and start-up ventures in development stage activities including licensing, franchising, international distribution, strategic partnerships and joint ventures and creation of strong intellectual property portfolios. Throughout his career, Steven has been active in all aspects of intellectual property, including the international development, licensing and enforcement of various brands and properties, including creating The Brand Liaison, a boutique international licensing agency. He has also assisted his clients in structuring corporate transactions, reverse mergers, acquisitions and establishing unique financing structures in order to facilitate rapid growth and development.

Steven is a public speaker and a professor of business and law at both the graduate and undergraduate level, including over 10 years as an adjunct professor of business law courses in the MBA program at Nova Southeastern University. He has conducted seminars and lectures on business and law topics such as trademarks and licensing, franchising, social responsibility, corporate compliance and international business transactions.

Steven graduated cum laude in the top 5% of his class at Fordham Law School, 1991 and graduated SUNY Albany in 1987 with a dual major in Accounting and Business Administration. Steven is a licensed attorney and member of the bar of the State of New York.

Specialties: Corporate and commercial law, licensing, franchising, international distribution, strategic partnerships and joint ventures and creation of strong intellectual property portfolios.

Arthur Lee

Arthur is counsel at Foley Shechter Ablovatskiy LLP. He represents both public and privately held companies in a broad range of corporate and securities matters, including securities offerings and 1934 Act reporting obligations. Prior to joining FSA, Arthur began his legal career as a corporate and securities associate at a Wall Street based boutique law firm. He also worked as an Anti-Money Laundering specialist in Citigroup's Financial Investigations Unit.

Arthur received his Juris Doctorate from Fordham University School of Law. He received a B.S. in Biochemical Engineering and a B.A. in English from Rutgers University. He is admitted to practice law in the State of New York.

Of Counsel

David Boag

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David Boag

David is Of Counsel to Foley Shechter Ablovatskiy LLP, where he enjoys helping clients with complex and challenging intellectual property issues.  A former software developer, David can bridge law and technology, delivering exceptional value to our high-tech clients. He has a wide range of experience representing clients in federal court and before the U.S. Patent and Trademark Office, including the Patent Trial and Appeal Board and Trademark Trial and Appeal Board.

David counsels everyone from publicly listed companies to startups and entrepreneurs on early-stage IP protection, helping them protect their innovations and develop their brands through strategic patent and trademark prosecution.  He conducts pre-launch clearance studies to help avoid infringement allegations and conducts corporate IP due diligence and avoid running into infringement traps.

David has experience in fields as diverse as cryptocurrency and NFTs, cannabis and CBD, software, mobile apps, food and beverage, fashion, book publishing, non-profits, and consumer electronics.

David has spoken frequently in the areas of intellectual property issues in the cannabis and cryptocurrency industries.   He has been involved with the New York City Bar Association Patents Committee where he chaired the CLE Subcommittee.  He is also active in the small law firm practice development community.

David started his career at a highly regarded NYC IP firm gaining experience in high-stakes patent litigation, international patent enforcement and portfolio management, and trademark prosecution and brand protection.

Besides being an attorney and small business owner, David has interned in the Washington bureau of a major newspaper, delivered pizza, and clerked for a state court judge.  In his time away from the firm, David can be found hiking in NYS’s Adirondack Mountains, listening to thrash metal, cooking, and spending time with his family.

Of Counsel

Jeffrey Katz

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Jeffrey Katz

Jeff is Of Counsel at Foley Shechter Ablovatskiy LLP and services clients in Los Angeles in business litigation matters. Jeff has a broad background which uniquely positions him to counsel the firm's business clients.  He started his career focusing on complex business litigation as an associate with two prominent firms in Los Angeles, including Berger Kahn.  After 10 years of law firm practice, he was recruited to become the General Counsel of Western Dental Services, Inc. while it was under receivership with the Department of Managed Health Care.  Jeff helped shepherd the company out of the regulatory crisis.

Jeff has spent 15 years as the in-house counsel for start-ups and large companies, such as PacifiCare Health (currently United HealthCare).  During this period, while he continued to litigate, he honed his skills in government relations and administrative law on a national scale.  On behalf of his clients, Jeff has lobbied in Washington, D.C. and to more than 20 governors.

After attending UCLA for a year, Jeff matriculated to Yeshiva University, in New York.  Other than graduating with three degrees, Jeff was also the President of Yeshiva's Student Council and a starting member of the varsity basketball team.  Jeff attended Hastings College of the Law, where he received his J.D. in 1988.  Jeff was a member of the national moot court team which was ranked first in California and second in the United States.

Jeff is extremely engaged Santa Ana politics and humanitarian work.  He is a volunteer case manager and member of the Advisory Board of Second Chance Orange County -- a non-profit which helps low-income individuals become productive members of society by providing individualized supportive services.  Jeff is the president of the Floral Park Neighborhood Association, an historic neighborhood near the Orange County courthouse.  He also is one of the founding members of We Love Santiago Park -- a group committing to returning Santa Ana's only nature reserve to the city's residents.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.