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
Given the political delicacy of the SEC regulating municipal issuers directly, and the limits on the SEC's resources to do so, it would not be surprising if most of the additional legal or regulatory burdens suggested by the report ended up falling on broker-dealers rather than on issuers. Pages 139-50 of the report suggest a number of new regulatory compliance requirements that might be imposed on broker-dealers.