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
It is great that the SEC is conducting empirical studies on the way that changes in regulations affect the markets. Unfortunately, there is really not any great reason for the SEC to have conducted this particular study. See, e.g., . Congress might have directed the SEC to seek broader public comment on studies that might be informative. One worth looking at would be on the "trade at" rule; i.e., that a broker-dealer cannot execute a trade…
It is great that the SEC is conducting empirical studies on the way that changes in regulations affect the markets. Unfortunately, there is really not any great reason for the SEC to have conducted this particular study. See, e.g., . Congress might have directed the SEC to seek broader public comment on studies that might be informative. One worth looking at would be on the "trade at" rule; i.e., that a broker-dealer cannot execute a trade internally if it merely trades at the public market…
This hearing sets the groundwork for more focused attention by the SEC and for a broad range of comment from issuers and investors.
This hearing sets the groundwork for more focused attention by the SEC and for a broad range of comment from issuers and investors.