Sebastian de Schmidt is a counsel based in Noerr’s Frankfurt office. As a member of the Compliance & Internal Investigations and Capital Markets practice groups, he advises listed companies on how to properly meet their post-admission obligations and also supports them in any investigations. Before joining Noerr, Sebastian worked at the German Federal Financial Supervisory Authority (BaFin) for fourteen years. Most recently he was head of the Insider Surveillance division. Before that, Sebastian was head of the Trading Suspension, Short-Selling Monitoring and Managers’ Transactions division and deputy head of the Investigation of Market Manipulation division. Sebastian is a lecturer at the University of Bayreuth and a certified exchange trader.

Projects

Career

Studied law at Goethe University in Frankfurt am Main
Research assistant at the Institute for Law and Finance at Goethe University in Frankfurt am Main
Head of Insider Surveillance division, previously head of the Trading Suspension, Short-Selling Monitoring and Managers’ Transactions division and deputy head of the Investigation of Market Manipulation division at the German financial regulator (BaFin)
At Noerr since 2019
Admitted to the Frankfurt Chamber of Lawyers

Lectures

  • Lecture on the topic "Creation of an initial suspicion" at the WisteV event "Die neue Härte in Insiderstrafrecht" on 2 July 2020 in Frankfurt am Main
  • Lecturer in the DAA specialist lawyer course "Banking and Capital Markets Law" (since 2020)

Publications

  • Manipulation of the capital markets by announcing and suspending customs (together with Dr Julian Schulze De la Cruz), in ZASA 2025, 359ff.
  • Comment on the decision of the Federal Court of Justice of 22 October 2024 (II ZR 193/22) (together with Dr Philipp Schmoll), in WuB 2025, 101 et seq.
  • The subjective offence in capital market regulatory offence law (together with Dr Sophia Habbe), in NJW 2022, p. 3186 et seq.
  • Legal framework for securities transactions by government employees (together with Alida Gölz), in Compliance Berater 2021, p. 401 ff.
  • News on BaFin fine proceedings - requirements for the settlement procedure of the securities supervisory authority (together with Dr Jens Kunz), in Compliance-Berater 2019, p. 416 et seq.
  • Revision of the prohibition of market manipulation by MAR and CRIM-MAD, in RdF 2016, p. 4ff
  • Commentary on Section 20a WpHG Securities Trading Act (old version) (prohibition of market manipulation), in Just/Voß/Ritz/Becker (eds.), C.H.Beck-Verlag, Munich 2015

Well
informed

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