- Bank Regulation
- Broker-Dealer Regulation
- Commodities & Futures Regulation
- Derivatives & Structured Products
- Financial Regulation
- Investment Management
- Investment Management Litigation
- Investment Management Regulation & Compliance
- Investment Management Transactions
- OTC Derivatives
- Structured Products
- Swap Regulation
|Contact Info||Telephone: 212 504 6700|
Fax: 212 504 6666
|University ||Sarah Lawrence College, B.A., 1979; Columbia University, M.B.A., 1984|
|Law School||Yale University, J.D., 1989|
|Admitted||1990, New York; U.S. District Court, Southern District of New York|
|Memberships ||V2N1 Mar 26, 2014|
Steven Lofchie, a partner and Co-Chair of the Financial Services Group, concentrates his practice in advising financial institutions on regulatory issues and on derivatives and other financial instruments. He is consistently recognized in the United States by Chambers USA, Legal 500, and IFLR 1000 in the areas of financial services regulation and derivatives. The Best Lawyers in America also selected Steven as one of the nation's leading lawyers in several areas including: Administrative/Regulatory, Derivatives and Futures, Securities/Capital Markets, and Securities Regulation Law. He is the author of Lofchie's Guide to Broker-Dealer Regulation (4th ed. 2011), considered the leading treatise in the field. In 2014, he testified before a subcommittee of the House on equity market structure.
Steven counsels funds (private and both SEC and CFTC-registered), broker-dealers, and banks regarding regulatory and transactional issues. His regulatory practice addresses virtually all the securities-law related statutory and regulatory requirements applicable to these institutions and their affiliates.
Steven represents many financial entities and their investment advisers on trading.
His transactional practice focuses on over-the-counter derivatives, securities financing, and trading agreements (from prime brokerage to the use of asset-backed structures for the financing of investments in hedge funds), and various types of licensing and membership agreements.
Steven is a frequent writer and speaker on financial regulation and policy. In 2014, he testified before a subcommittee of the House on equity market structure. In addition, he has been very active in developing web-based compliance tools, online compliance manuals, research tools and document analysis systems. These tools are available through the Cadwalader Cabinet ( www.findknowdo.com ).
The Cadwalader Cabinet includes:
•Lofchie's Guide to Broker-Dealer Regulation;
•Lofchie's Guide to Hedge Fund Regulation;
•Lofchie's Guide to CPO/CTA Regulation;
•Lofchie's Guide to FATCA;
•Lofchie's Guide to Blue Sky Law;
•Lofchie's Guide to Anti-Money Laundering; and
•Numerous books, calendars, finding guides and other tools.
The Cadwalader Cabinet also hosts tens of thousands of other documents, including statutes, rules, no-action letters, releases, case law and relevant legislation.
Steven received his B.A. from Sarah Lawrence College and has M.B.A. from Columbia Business School, where he was a General Motors Fellow. He received his J.D. from Yale Law School, where he was a member of the Yale Law Journal.
He also serves as a Senior fellow on financial regulation at the Center for Financial Stability, a nonpartisan financial industry think tank.
News & Resources
• Cadwalader Launches Redesigned and Expanded “Cadwalader Cabinet” Jan 11, 2016
• Banks Avoid Mass Costs in Rollback of Swaps Push-Out Dec 18, 2014
• Cadwalader Named Among Leading Law Firms in 2016 Edition of IFLR 1000 Oct 15, 2015
Clients & Friends Memos
• CFTC / CME Settle Misappropriation Case Dec 03, 2015
• Lofchie's Guide to US Broker-Dealer Regulation
Lofchie's Guide to US Broker-Dealer Regulation, authored by Steven Lofchie, offers comprehensive analysis of broker-dealer regulation
• The Law of Insider Trading: Legal Theories, Common Defenses, and Best Practices for Ensuring Compliance Mar 01, 2012
• FIA L&C 2015 Program Jun 22, 2015
• Quorum: February 2015 V3N1 Feb 11, 2015
Documents by this lawyer on Martindale.com
CFTC / CME Settle Misappropriation Case
Scott A. Cammarn,Douglas J. Donahue,Athena Yvonne Eastwood,Doron F. Ezickson,Steven Lofchie, December 28, 2015
On December 2, 2015, the U.S. Commodity Futures Trading Commission (“CFTC” or “Commission”) and the New York Mercantile Exchange (“NYMEX”) simultaneously announced settlements with Arya Motazedi, a gasoline trader, including for claims of insider trading under...
Prudential Regulators Release Final Margin Rules for Swaps
Steven Lofchie,Nihal S. Patel,Jeffrey L. Robins, October 29, 2015
On October 22, 2015, the Federal Deposit Insurance Corporation held an open meeting at which it voted to adopt: (i) final rules governing margin and capital requirements for uncleared swaps1 and (ii) an interim final rule to implement statutory amendments excluding certain entities from the...
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