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
The questions concerning the appropriate dividing line between private entities and public entities are important and reasonable. How one frames the questions is important as well. In addition to the standard questions (i) "Should more private companies be forced to go public?" and (ii) "Should there be more regulation of private companies?" — the SEC may want to ask: "Is the regulation of public companies so expensive that the SEC is discouraging companies from…
FINRA's criticisms of the sale of "alternative" mutual funds follows up on its issuance of , which warned firms as to the sale of "complex" products (see ). This notice does not provide much in the way of detail on funds that are the subject of the story, other than that the funds do something other than own a diversified pool of common equities. Likewise, the notice does not indicate that investors were misled or that firms had some improper motive for selling the products.
Remember when GE posted increased earnings for ? That was so 20th century.
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