Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Alleged Securities Fraud at Dewey & LeBoeuf

Scale and Gavel

Consumer Protection On March 6, 2014, the SEC brought charges of securities fraud against a handful of executives and finance professionals from the now-defunct global mega-firm Dewey & LeBoeuf.  The SEC alleges that the firm’s co-chairmen (Steve Davis and Steve DiCarmine, known as “the two Steves”) and finance team cooked the books upon which a $150 million […] Read more →

by   |   March 9, 2014

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MN Regulation of Investment Adviser Representatives

Investment Advisers In 2013, Minnesota enacted new regulatory statutes (prior coverage here, here, and here) that require “investment adviser representatives” to register with the department of... Read more →

by   |   February 16, 2014

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No Action Letter Allows M&A Brokers to Receive Transaction-Based Compensation

Broker-Dealer Historically, the SEC has taken the position that in order for a person to receive transaction-based compensation in connection with the sale of securities – even when the sale... Read more →

by   |   February 5, 2014

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SEC Grants Second Rule 506 Bad Actor Waiver

Broker-Dealer, Investment Advisers, Private Equity, Public Companies and Securities On December 26, 2013, the SEC granted its second waiver from disqualification from reliance on Regulation D because of prohibited conduct under new Rule 506(d).   The waiver was... Read more →

by   |   January 11, 2014