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
If anything goes wrong, no matter what, Senator Warren will be able to say she predicted it.
If the world is, as President Trump believes, a dangerous place, it makes good sense to have a policy that provides for taking the offense.
Not long ago, former CFTC Chair Giancarlo suggested that U.S. privateers be turned loose on enemy nations engaged in cyber crimes in the United States. (See .) President Trump might want to consider some of these out-of-the-box strategies.
This bill has : from denouncing the greedy corporate landlords to disparaging the pesky bureaucrats delaying projects with their environmental red tape. It would even pause the Federal Reserve from issuing a central bank digital currency (Section 1001).
When Dodd-Frank was adopted, Congress imported to the CEA language that was used in the Securities Exchange Act to prohibit insider trading. Although this importation was well meaning, it is not so clear how this works in practice. An issuer cannot trade in its own securities when it is in possession of material nonpublic information because it will disadvantage holders of its securities to whom the issuer owes a duty. The same logic does not apply to a producer of physical commodities, as…