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
Questions on the treatment of digital assets are not inherently divided along political lines.
The legal arguments advanced by the State Attorneys General are substantial. Ultimately, any determination of the legality of mandated disclosures by the SEC will likely depend on both (i) the substance of required disclosures and (ii) the justification that the SEC can demonstrate for mandating those disclosures. Put differently, it is likely not the case that the SEC would be able to mandate disclosures on a topic merely because the topic was of public interest, and without regard to a…
Headline on the front page of The Wall Street Journal on Tuesday, June 15, 2021: "Oil Hits Pandemic High on Bets Green Shift Will Crimp Supply."
The SEC's priorities reflect a mix of (i) political initiatives that are important to the Biden administration (i.e., ESG); (ii) responses to recent market events (including market structure and payment for order flow, securities-based swap ownership and SPACs); (iii) systemic risk issues (i.e., money market funds); and (iv) market mechanics issues (i.e., finishing up the swaps rules and transfer agents).
This is the third joint statement by Republican Commissioners Peirce and Roisman…