Steven Lofchie

Phone212 504 6700

Peer Rating
N/R
 N/R

Client Rating

Printer Friendly VersionEmail this PageDownload to My Outlook ContactsAdd lawyer to My FavoritesCompare this lawyer to other lawyers in your favorites

Experience & Credentials
 

Practice Areas

  • 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 InfoTelephone: 212 504 6700
Fax: 212 504 6666
http://www.cadwalader.com/professionals/steven-lofchie
 
University Sarah Lawrence College, B.A., 1979; Columbia University, M.B.A., 1984
 
Law SchoolYale University, J.D., 1989
 
Admitted1990, New York; U.S. District Court, Southern District of New York
 
Memberships V2N1
Mar 26, 2014
 
Biography

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.cadwalader.com/thecabinet).

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

NEWS

News Releases

•Cadwalader Recognized Among Leading Firms in The Legal 500 US 2014
Jun 27, 2014

•Cadwalader Launches Web-Based Financial Services Solution
May 08, 2014

•Cadwalader Recognized With Two Major IFLR Americas Awards
Mar 28, 2014

•Cadwalader Attorneys, Practices Recognized by 2014 Chambers Global Guide
Mar 25, 2014

•Cadwalader Partner Steven Lofchie Testifies on Reg. NMS Before House Committee on Financial Services
Feb 28, 2014

•Cadwalader Recognized Among 2013 Most Innovative Law Firms by Financial Times
Nov 21, 2013

•Cadwalader Again Recognized Among Legal Leaders by IFLR 1000
Nov 15, 2013

•Cadwalader Recognized in 2013 Edition of The Legal 500 US
Oct 25, 2013

•2014 Edition of The Best Lawyers in America Recognizes 44 Cadwalader Attorneys Across a Range of Practices
Oct 22, 2013

•Super Lawyers 2013 New York Metro Edition Recognizes More Than 30 Cadwalader Attorneys
Sep 18, 2013

•Cadwalader Releases Lofchie's Guide to Hedge Fund Regulation; Third Major Volume in On-Line Trilogy on Financial Regulation
Jul 12, 2013

•More Than 25 Cadwalader Attorneys in 17 Practice Areas Recognized by 2013 Chambers Global Guide
Apr 08, 2013

•Cadwalader Has Another Breakout Year at the IFLR Americas Awards - Firm is Recognized for Two Outstanding Achievements in Deal and Team Categories
Mar 27, 2013

•IFLR 1000 Again Names Cadwalader a Leader in Core Transactional Areas of Practice
Nov 06, 2012

•Super Lawyers Names Metropolitan New York Cadwalader Lawyers in More Than 20 Areas of Practice as Outstanding in Their Fields
Oct 15, 2012

•2013 Edition of The Best Lawyers In America Recognizes 45 Cadwalader Attorneys in Multiple Areas of Practice
Oct 06, 2012

•Cadwalader Named 'Law Firm of the Year' at 2012 Global Derivatives Awards
Sep 19, 2012

•The Legal 500 Recognizes More than 15 Cadwalader Practices and 47 of the Firm's Lawyers Across U.S. Offices
Jun 06, 2012

•Dodd-Frank's Swaps Definition is Impossibly Broad, Difficult to Fix, Says Cadwalader
Apr 12, 2012

•Cadwalader Nets Multiple Awards at IFLR Americas Awards Ceremony - Wins Big in Both Deal and Team Categories
Apr 02, 2012

•ISDA Retains Cadwalader as Legal Counsel for Dodd-Frank Documentation Project
Mar 28, 2012

•IFLR 1000 Again Names Cadwalader a Leader in Core Transactional Areas of Practice
Oct 19, 2011

•Super Lawyers Taps More Than 40 Metropolitan New York Cadwalader Attorneys as Outstanding in Their Fields
Sep 26, 2011

•Cadwalader Announces Release of New Version of Lofchie's Guide to Broker Dealer Regulation
Sep 19, 2011

•2012 Edition of The Best Lawyers In America Recognizes 45 Cadwalader Attorneys in 30 Areas of Practice
Sep 06, 2011

•The Legal 500 U.S. Recommends Cadwalader in 13 Areas of Practice and Highly Ranks More Than 50 Attorneys
Jun 01, 2011

•Cadwalader Recognized for Continued Excellence by Chambers Global 2011
Apr 19, 2011

•The Best Lawyers In America Recognizes 37 Cadwalader Attorneys in 21 Areas of Practice
Aug 04, 2010

•Cadwalader Assesses Impact of Dodd-Frank Wall Street Reform and Consumer Protection Act
Jul 22, 2010

•Cadwalader Practices Commended by US Legal 500
Jun 16, 2010

•Cadwalader Recognized as Industry Leader by Chambers
Jun 15, 2010

•Cadwalader Practitioners Lauded in Latest Edition of Benchmark Litigation
Oct 08, 2009

•Cadwalader Commended in 2010 IFLR 1000
Oct 07, 2009

•Cadwalader Represents Markit in Development and Structuring of Convertible Bond Indices
Sep 22, 2009

•2010 Edition of The Best Lawyers In America Recognizes Numerous Cadwalader Attorneys
Aug 07, 2009

•Cadwalader Lauded in Multiple Practices in Chambers USA
Jun 12, 2009

Recent Press

•How to Regulate HFT's Secrets
May 29, 2014

•Reg NMS in the Spotlight Amid HFT Criticism
May 16, 2014

•U.S. Securities Lending Faces Change
Sep 13, 2012

•The Club No-one Wants to Join: Swap Dealer Rules Remain Unclear
Jun 01, 2012

•What's the Holdup With Dodd-Frank Rulemaking?
May 01, 2012

•Watch partner Steven Lofchie discuss the uncertainty created by provisions of the Dodd-Frank Act as they relate to the regulation of swaps
Jun 09, 2011

•Protecting Against Insider Trading: Expert Networks and Best Practices for Fostering Compliance and Reducing Legal Risks
Dec 16, 2010

•Too Big to Work?
Sep 20, 2010

Recognition

•Cadwalader Recognized Among Leading Firms in The Legal 500 US 2014
Jun 27, 2014

•Chambers and Partners USA 2014
May 23, 2014

•Cadwalader Recognized With Two Major IFLR Americas Awards
Mar 28, 2014

•Cadwalader Attorneys, Practices Recognized by 2014 Chambers Global Guide
Mar 25, 2014

•Cadwalader Recognized Among 2013 Most Innovative Law Firms by Financial Times
Nov 21, 2013

•Cadwalader Again Recognized Among Legal Leaders by IFLR 1000
Nov 15, 2013

•Cadwalader Recognized in 2013 Edition of The Legal 500 US
Oct 25, 2013

•2014 Edition of The Best Lawyers in America Recognizes 44 Cadwalader Attorneys Across a Range of Practices
Oct 22, 2013

•Chambers and Partners USA 2013
May 24, 2013

•International Financial Law Review's 2013 IFLR 1000
Nov 06, 2012

•Super Lawyers 2012
Oct 15, 2012

•The Best Lawyers In America 2013
Oct 06, 2012

•Chambers and Partners USA 2012
Jun 07, 2012

•2012 Legal 500 US
Jun 06, 2012

•Chambers and Partners Global 2012
Mar 01, 2012

RESOURCES

Clients Friends Memos

•SEC SBSD Recordkeeping and Reporting Proposal
Apr 23, 2014

•The Volcker Rule's Impact on Foreign Banking Organizations
Dec 20, 2013

•Reproposed Credit Risk Retention Requirements for Asset-Backed Securities Transactions
Sep 13, 2013

•Quick Help Guide to CFTC's New Rules for CPOs to RICs; Amended Rules for Other CPOs and CTAs
Aug 22, 2013

•SEC Adopts Significant Amendments to Private Placement Rules: JOBS Act Rules Eliminate Ban on General Solicitation and Dodd-Frank Mandate Disqualifies Bad Actors
Aug 13, 2013

•SEC Issues Proposed Regulation SCI to Enhance its Regulatory Oversight of Exchanges, Plan Processors, ATSs, and other Key Market Participants
Mar 18, 2013

•Federal Reserve Governor Tarullo Calls for Increased U.S. Regulation of Foreign Banking Organization
Dec 03, 2012

•CFTC Adopts Final Rules and Interpretations Further Defining Products and Final End-User Clearing Exception Rule; Proposes Clearing Exception for Swaps Entered into by Certain Cooperatives
Jul 11, 2012

•The Sun Never Sets on Dodd-Frank
Apr 17, 2012

•What is a Swap? Maybe (Almost) Everything? You Gotta Problem with That?
Apr 12, 2012

•The Consumer Financial Protection Bureau: The New, Powerful Regulator of Financial Products and Services
Mar 06, 2012

•SEC Issues No-Action Letter Addressing Registration Requirements for Certain Advisory Affiliates
Feb 13, 2012

•A Critical Analysis of the Potential Impact of the Volcker Rule on Municipal Bonds
Dec 12, 2011

•The Volcker Rule's Impact on Financial Institutions' Ownership and Sponsorship of Structured Finance and Securitization Transactions
Nov 03, 2011

•The SEC Approves Final Version of Form PF
Oct 28, 2011

•The Volcker Rule's Significant Impact on a Foreign Banking Organization's Proprietary Trading Activities
Oct 13, 2011

•Living Wills: FDIC Modifies, Finalizes Rules
Sep 23, 2011

•Final SEC Rule Regulating Large Trader Reporting
Sep 22, 2011

•SEC Adopts Dodd-Frank Act Investment Adviser Rules and Delays Implementation of Some Deadlines
Jun 27, 2011

•The Dodd-Frank Act: How It Impacts Specific Institutions, Entities and Transactions
Jun 22, 2011

•Living Wills: A User's Guide To Dodd-Frank's Bequest to Banks
Jun 13, 2011

•Two Dodd-Frank Problems: The Effective Date and the Definitions - Contingency Planning in the Absence of a Regulatory Structure
Jun 13, 2011

•The Dodd-Frank Whistleblower Provisions: Considerations for Effectively Preparing for and Responding to Whistleblowers
May 26, 2011

•The Dodd-Frank Act's Impact on Affiliate Transactions
Apr 21, 2011

•CFTC, Prudential Regulators Propose Margin Rules for Non-Cleared Swaps
Apr 13, 2011

•SEC Launches FCPA Probe of Financial Services Industry's Interactions with Sovereign Wealth Funds
Mar 18, 2011

•Quantitative Investment Models and Compliance Policies and Procedures: the Securities and Exchange Commission Order Involving the AXA Rosenberg Entities
Feb 17, 2011

•Fed Issues Final Regulations on the Volcker Rule's Extension Periods
Feb 11, 2011

•Expert Networks and Insider-Trading Probes: Best Practices in Fostering Compliance and Reducing Legal Risks
Dec 21, 2010

•The Directive on Alternative Investment Fund Managers: Implications For Non-European Investment Managers
Dec 17, 2010

•The Lincoln Amendment: Banks, Swap Dealers, National Treatment and the Future of the Amendment
Dec 14, 2010

•The SEC Publishes Final Rule Regulating Access to Securities Markets
Nov 15, 2010

•An Analysis of the Dodd-Frank Act's Volcker Rule
Oct 15, 2010

•Changes to the Regulation of Broker-Dealers and Investment Advisers Under Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act
Aug 12, 2010

•Changes to the Regulation of Banks, Thrifts, and Holding Companies Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Jul 20, 2010

•Regulation of Systemically Significant NonBanks Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Jul 20, 2010

•Hedge Fund Regulation Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Jul 20, 2010

•The New Scheme for the Regulation of Swaps, with Appendices on Retroactivity, Special Entities and Tax, Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Jul 20, 2010

•Regulation of End Users of Swaps Under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Jul 20, 2010

•Some Concerns with the Regulation of Large Non-Bank Holding Companies
Jun 03, 2010

•The Changing Face of Hedge Fund Regulation
May 27, 2010

•Some Concerns with the Derivatives Legislation
May 03, 2010

•Blue Sky Issues of Financial Reform Legislation for Hedge Fund Advisers
Apr 21, 2010

•Posting Independent Amounts under Derivative Transactions: Industry Recommendations for End User Protection
Apr 16, 2010

•The Securities and Exchange Commission Approves Nasdaq Rule on Sponsored Access and Proposes a Rule to Prohibit Naked Sponsored Access; Issues Concept Release on Market Structure
Feb 09, 2010

•House Regulatory Reform Bill May Impose Further Burdens On Large Funds
Feb 04, 2010

•CFTC Proposes to Set Position Limits in the Energy Futures Market
Jan 28, 2010

•Securities and Exchange Commission Proposes Regulation of Indications of Interest and Dark Pools
Nov 23, 2009

•Federal Reserve Board Proposes Guidance on Incentive Compensation
Nov 17, 2009

•ISDA Publishes Final Collateral Dispute Resolution Procedure Designed to Assist Market Participants in Resolving Disputed Collateral Calls
Oct 27, 2009

•The FDIC's Statement of Policy on Qualifications for Failed Bank Acquisitions
Aug 31, 2009

•Over-the-Counter Derivatives Markets Act of 2009
Aug 20, 2009

•Litigation Challenges Counterparty Right to Withhold Payments under Section 2(a)(iii) of ISDA Master Agreement as Violation of Automatic Stay Provisions of U.S. Bankruptcy Code
Aug 11, 2009

•ISDA's Small Bang Protocol: Auction Settlement following a Restructuring Credit Event
Jul 22, 2009

•Private Equity Investments in Troubled Banks
Jul 15, 2009

•Obama Proposal for Regulatory Reform as It Relates to OTC Derivatives Markets
Jun 22, 2009

•The Obama Administration's Financial Regulatory Reform Proposal
Jun 22, 2009

•The Obama Administration's Financial Regulatory Reform Proposal and Its Impact on the Securitization Markets
Jun 22, 2009

•Obama Administration's Financial Regulatory Reform Proposal Introduced
Jun 17, 2009

•Regulatory Reform of OTC Derivatives Markets
May 15, 2009

•Treasury, Federal Reserve, & FDIC Credit and Liquidity Programs
Apr 23, 2009

•The Manny Ramirez Tax Lightbulb; Also (2 Ideas in 1 Memo) Putting Pay in Perspective
Mar 24, 2009

•The Banking Act 2009: Counterparty Rights and Insolvent Banks
Mar 10, 2009

•Draft U.S. Law Seeks to Regulate Credit Default Swaps
Feb 02, 2009

•Regulation D Filings for Hedge Funds - Beware the Ides of March!
Feb 02, 2009

•The Future of Financial Regulation: Meet the New Regulators, Better Than the Old Regulators?
Jan 27, 2009

Books

•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

Articles

•The Law of Insider Trading: Legal Theories, Common Defenses, and Best Practices for Ensuring Compliance
Mar 01, 2012

•No Crisis Wasted: Proposed EU and U.S. Regulation of OTC Derivatives (Part II)
Dec 13, 2010

•No Crisis Wasted: Proposed EU and U.S. Regulation of OTC Derivatives (Part I)
Nov 01, 2010

•Changes to the Regulation of Broker-Dealers and Investment Advisers Under Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act
Sep 01, 2010

•The SEC's Proposal For Regulating 'Dark Pools'
Dec 15, 2009

Events

•L&C 2014 - 36th Annual FIA Law & Compliance Division Conference
May 07, 2014

•MFA Compliance 2014
May 07, 2014

•Forum 2012
Jun 12, 2012

Newsletters

Quorum




•Quorum: March 2014

 
ISLN901515290
 

Documents by this lawyer on Martindale.com

Subscribe to this feed

CFTC Votes to Re-Propose Margin Requirements for Uncleared Swaps
Steven Lofchie,Nihal S. Patel,Jeffrey L. Robins, September 22, 2014
On September 17, 2014, the Commodity Futures Trading Commission (“CFTC”) voted to re-propose rules to impose initial and variation margin requirements on uncleared swaps entered into by swap dealers and major swap participants that are not regulated by a “Prudential...

Summary of Prudential Regulators’ Re-Proposed Margin Rules
Steven Lofchie,Nihal S. Patel,Jeffrey L. Robins, September 8, 2014
On September 3, the Board of Governors of the Federal Reserve System (“Board”), the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Farm Credit Administration and the Federal Housing Finance Agency (collectively, the “Prudential...

SEC SBSD Recordkeeping and Reporting Proposal
Steven Lofchie,Nihal S. Patel,Jeffrey L. Robins, April 25, 2014
The SEC has published proposed recordkeeping, reporting and capital deficiency notification requirements that would apply to security-based swap dealers ("SBSDs") and major security-based swap participants ("MSBSPs") as well as to other SEC-registered broker-dealers that enter...
Profile Visibility
#10,001 in weekly profile views out of 89,481 lawyers in New York, New York
#118,117 in weekly profile views out of 1,538,052 total lawyers Overall

Office Information

Steven Lofchie


New YorkNY 10281-0006




Loading...
 

Professional Networking for Legal Professionals Only

Quickly and easily expand your professional
network - join the premier global network for legal professionals only. It's powered by the
Martindale-Hubbell database - over 1,000,000 lawyers strong.
Join Now