Chief Legal Architect and a co-founder of Caffrey.AI
Steven Lofchie is the Chief Legal Architect and a co-founder of Caffrey.AI, an AI platform built for law firms, banks, and the financial regulatory industry. He is also a partner at Norton Rose Fulbright, where he advises financial institutions on securities laws, the Commodity Exchange Act, and broker-dealer regulation. Ranked by Chambers USA every year since 2007, he is the author of “Lofchie’s Guide to Broker-Dealer Regulation,” long considered the leading treatise on the subject.
Recent Articles & Comments
The issue of the enrichment of government officials, or their family members, is a tough one. While Senator Warren has reasonable concerns, there are a number of problems with her position.
First, her concerns are selective; they were not expressed when Hunter Biden was serving on the board of a Ukrainian energy company or selling his art at remarkable prices.
More importantly, as far as crypto is concerned, the reality is that it has already been deregulated; there is no set…
Interesting that the global regulators would have signed off on focusing on "material financial risks." That would seem to mean, reading without too much difficulty between the lines, Ms. Bowman believes that financial regulatory resources have been excessively devoted to worries about climate change rather than, for example, liquidity risk.
On somewhat of a side note, it is useful to recognize that over-regulation is not just about regulations that are too burdensome. It…
It is always the case that when a measure is put forward to raise the bar for proxy submissions, critics will complain about the loss of shareholder democracy, and ignore the fact that holders of some nominal number of shares are likely attempting to advance their personal/political interests rather than benefit the issuer. It seems prudent to require that shareholders wishing to force a vote should have a large enough number of shares to demonstrate that their personal interests are aligned…
While the ABA advocated for the option of semi-annual reporting, its main interest is reducing the absolute scope of reporting obligations. That would seem to be the bigger, and more politically popular, outcome.