Cadwalader Partner Steven Lofchie Testifies on Reg. NMS Before House Committee on Financial Services

February 28, 2014

Cadwalader, Wickersham & Taft LLP, a leading counselor to global corporations and financial institutions, announced that Steven Lofchie, a partner and co-chair of the Financial Services Group, participated as a witness at a February 28, 2014, House Committee on Financial Services hearing entitled "Equity Market Structure: A Review of SEC Regulation NMS."

Lofchie joined a panel comprising former SEC Commissioner Roel Campos, former SEC Director of Trading and Markets Eric Sirri, and former SEC Chief Economist Chester Spatt.

Fully implemented in 2007, the effects of Reg. NMS continue to be a subject of ongoing debate.  Despite its intention to apply a uniform regulatory system  to strengthen and modernize the governance of U.S. equity markets,  some market participants have identified Reg. NMS as a potential source of market complexity, dislocation, and disruption.



Our latest podcast covers the legacy of the “Car Wash” investigation and how Brazil fits into the global landscape of white-collar crime enforcement.

To assist individuals in working from home during the coronavirus social-distancing period, Cadwalader is providing clients and friends free access to our legal research platform, the Cadwalader Cabinet.