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
Notwithstanding Commissioner Stein's continuing support of ESG, it is nowhere in the SEC's mission under the securities laws to encourage ESG investments by municipal issuers. The SEC should stick to its knitting: mandating and enforcing good disclosure and letting investors decide for themselves how to invest.
Notwithstanding Commissioner Stein's continuing support of ESG, it is nowhere in the SEC's mission under the securities laws to encourage ESG investments by municipal issuers. The SEC should stick to its knitting: mandating and enforcing good disclosure and letting investors decide for themselves how to invest.
Chair Clayton's view that the SEC should discourage short-term investment is debatable. The more liquid the equities markets are, the more attractive they are; discouraging short-term investment is clearly antithetical to liquidity. By contrast, the remaining issues enumerated by Mr. Clayton are clearly at the heart of the SEC's reasons for being, as set out in the securities laws.
Chair Clayton's view that the SEC should discourage short-term investment is debatable. The more liquid the equities markets are, the more attractive they are; discouraging short-term investment is clearly antithetical to liquidity. By contrast, the remaining issues enumerated by Mr. Clayton are clearly at the heart of the SEC's reasons for being, as set out in the securities laws.