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 hearing sets the groundwork for more focused attention by the SEC and for a broad range of comment from issuers and investors.
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.