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
How does one take a data-driven, "mathematical" approach to financial regulation, or to risk management, when the data are not there and obtaining the data is not imminent? How would the regulators propose to measure "progress" or "success"? Or "failure"?
In light of the scope of the fraud, and the SEC's focus on misconduct by Chinese issuers, it is notable that the SEC very expressly applauded the remedial efforts of the company (see page 15 of the Complaint).
Are there really "flying prices"? The term is nowhere to be found on the CFTC website (or after a quick Google search). It doesn't even seem all that descriptive. Does anyone have a better term?
Perhaps a is in order.
The amended requirements on voting by plan fiduciaries follow upon the DOL's recent rulemaking on the : all decisions in respect of a plan's assets are to be made to maximize the economic benefits to the plan and without regard to other considerations; e.g., without regard to environmental, social and corporate governance (or "ESG") considerations.