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
In Mr. Cook, FINRA has found a strong replacement for Mr. Ketchum. Mr. Cook's leadership will reflect significant private and governmental experience.
The differing viewpoints of CFTC Commissioners Giancarlo and Bowen serve to illustrate three separate, recurring issues in financial regulation: (i) the desirability of speed vs. care; (ii) the demands of the government for information; and (iii) the significance of the debate itself.
As to the issue of speed vs. care, both Commissioners agree on the desirability of formulating rules to govern automated trading. The argument that Commissioner Bowen advances seems fairly weak; i.e…
It would be interesting to know whether he also lied about his age or height. See
Concerns remain about whether this rulemaking might injure the institutions that it is intended to protect by handicapping their ability to compete at market rates for talent. See .