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
Ansarallah is supported by Iran and is viewed as hostile to Saudi Arabia. See, e.g., . This decision by the State Department may signal further changes in U.S. policy as reflected through its sanctions.
This rule is going nowhere. Whatever the legal theory for purposes of Administrative Law, the OCC is not going to advance it over the objections of the President.
As a practical matter, billionaires tend to have choices, including as to where to live. Before the pandemic, New York City was a fairly attractive place to live. Right now it is less so. New York State currently has a maximum tax rate of 8.82%. This bill would effectively substantially raise and accelerate the New York State tax rate imposed on the very rich . (New York City also imposes income taxes.) By contrast, Florida does not have a State income tax. See .
How many of those 113…
One of the most important issues that the financial regulators (not just the SEC, but the CFTC and the banking regulators, as well) should be considering is market liquidity. Money market funds should be only part of the focus; clearinghouse margin requirements are another important piece of the puzzle.
It will be interesting to see how much attention the SEC and the regulators will devote to these crucially important, but somewhat esoteric, issues as opposed to issues that may be…