Partner
Norton Rose Fulbright US LLP
Steven Lofchie is a Partner based in New York. He advises financial institutions and corporate clients on the securities laws and the Commodity Exchange Act, with particular focus on the regulation of broker-dealers, swap dealers, investment funds and other market intermediaries. Steven's transactional practice focuses on securities credit and derivative transactions.
Recent Articles & Comments
This is so overdue. While we are on the topic, it's time to get rid of nickels and dimes. According to Google, a penny in 1800 is the equivalent of more than a quarter today.
The issue of the enrichment of government officials, or their family members, is a tough one. While Senator Warren has reasonable concerns, there are a number of problems with her position.
First, her concerns are selective; they were not expressed when Hunter Biden was serving on the board of a Ukrainian energy company or selling his art at remarkable prices.
More importantly, as far as crypto is concerned, the reality is that it has already been deregulated; there is no set…
Interesting that the global regulators would have signed off on focusing on "material financial risks." That would seem to mean, reading without too much difficulty between the lines, Ms. Bowman believes that financial regulatory resources have been excessively devoted to worries about climate change rather than, for example, liquidity risk.
On somewhat of a side note, it is useful to recognize that over-regulation is not just about regulations that are too burdensome. It…
It is always the case that when a measure is put forward to raise the bar for proxy submissions, critics will complain about the loss of shareholder democracy, and ignore the fact that holders of some nominal number of shares are likely attempting to advance their personal/political interests rather than benefit the issuer. It seems prudent to require that shareholders wishing to force a vote should have a large enough number of shares to demonstrate that their personal interests are aligned…