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
FDIC Chair Jelena McWilliams' remarks on digital assets are notable. They are, perhaps, the most favorable statements on stablecoins issued by a member of the Biden administration.
As provided in , the purpose of FSOC is to "identify risks to the financial stability of the United States." While FSOC studies up on climate, FSOC ought not to lose sight of traditional financial risk concerns, including, for example, energy prices. Here are some recent links to releases by the U.S. Energy Information Administration ("EIA") concerning energy price risk on the U.S. economy: ; ; ; ; . See also, e.g., CNBC, ; Euronews, . There is no question that higher energy prices have a…
A carbon tax, whatever the benefits may be, is within the purview of legislators. Regulatory agencies have more than enough to do just focusing on matters that fall within their jurisdiction.
Commissioner Roisman, as well as Commissioner Peirce in a , make the point that the SEC is going off-track in using the GameStop events as a justification for rethinking market structure or payment for order flow. (Those issues are certainly worthy of consideration, but for reasons having nothing do with the GameStop events.)
What was truly extraordinary about the GameStop events were the decisions made by thousands of retail investors and the communications among the retail investors…