Nikolai D. Fisken


Nik is the Chairman of the Equity Dealers of America (“EDA”). He is the Director of Research and oversees the overall research strategy and product at Stephens. Nik joined Stephens as an associate analyst in 1994 focusing on the insurance industry. In 1996, he became a research analyst covering life and health insurers. After the late 1990s insurance consolidation, Nik became the lead analyst covering two groups―insurance brokerage and financial services technology. He has been named a Wall Street Journal All-Star Analyst numerous times, has a Five Star rating from Zacks, and has received votes in the Institutional Investor All-Star annual survey for the insurance and fintech sectors and in the “Best Up-and-Comer” category. Nik obtained his B.A. in economics from Denison University in Granville, Ohio and earned the Chartered Financial Analyst designation in 1997.


Christopher A. Iacovella

Chief Executive Officer

Chris is the Chief Executive Officer of the Equity Dealers of America (“EDA”). Prior to being named to that position, he was the Senior Director of Global Government Affairs, Strategy, and Public Policy at Bloomberg, L.P. where he worked directly with Bloomberg’s internal businesses on regulatory solutions and interfaced with policymakers and regulators across the globe on capital markets issues. He has particular expertise in equity, fixed income, and derivatives market structure and SME policy.

Chris previously worked as Special Counsel & Policy Advisor to Commissioner Scott O’Malia at the U.S. Commodity Futures Trading Commission, working on the implementation of Title VII of Dodd-Frank. While working at the CFTC, he was seconded to the Committee on Financial Services in the U.S. House of Representatives, where he worked with both the full Committee and the Subcommittee on Capital Markets and GSEs on equity, fixed  income, derivatives, and securitization issues. Prior to that, Chris worked as a bond broker, on a fixed income derivatives desk, and as a structured finance, capital markets, and merger & acquisition attorney.

Chris also holds a B.A. from the University of Connecticut, where he majored in Finance and lettered for the Men’s soccer team, an M.B.A. from the University of Tampa, a J.D. from The Florida State University College of Law where he graduated cum laude, and an LL.M. from the Georgetown University Law Center where he graduated with distinction and earned a Certificate in National Security Law.

Board of Directors

Peter Kies

Robert W. Baird & Co.

Michael Essex

BB&T Securities, LLC

John Moore

William Blair & Company
Cowen Inc.

Joseph Culley

Janney Montgomery Scott, LLC

Kevin Kruszenski

KeyBanc Capital Markets

Deb Shoneman

Piper Jaffray & Co.

Nikolai Fisken

Stephens Inc.

Marty Gaia

Wunderlich Securities, Inc.

Brian Alexander

Raymond James Financial

S. Andrew McKay

Hilliard Lyons

Michael Purpura

D.A. Davidson & Co.

John Muschalek

Hilltop Securities Inc.
Stifel, Nicolaus & Company, Inc.

Mark Lehmann

JMP Securities

Associate Members

Allen & Overy

Covington & Burling




Nasdaq, Inc.

S&P Global, Inc.

Thomson Reuters

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