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
Commissioner Peirce draws from the events of GameStop an important message: the manner in which retail investors interact with the markets and with their brokers, the sources from which they obtain information, and the means by which they trade have all changed. If the SEC's investigation of the GameStop events reveals significant misconduct, that should be punished. But it would be a disappointing outcome if the inclination to bring enforcement actions or to adopt prohibitive rules…
It is a flawed strategy to impose a tax on an activity that is extremely mobile when other jurisdictions do not impose a similar tax. (Note previous .) New York would be hurt by the reimposition of a stock transfer tax. Further, the execution of trades is not that hard to move out of New York. Back in 1981, the New York Stock Exchange ("NYSE") was basically the only meaningful trading venue for major stocks, and the location of the NYSE trading floor was readily locatable. Now, there are…
Will this hearing be the first step to a round of ill-advised government interventions? Consider these Cabinet recommendations: .
Ansarallah is supported by Iran and is viewed as hostile to Saudi Arabia. See, e.g., . This decision by the State Department may signal further changes in U.S. policy as reflected through its sanctions.