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 »

Dodd-Frank Broker-Dealer

Asset Manager Hedging Results Fined for Failing to Register as a Commodity Trading Advisor

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Broker-Dealer, Energy On January 16, 2015, the Commodity Futures Trading Commission (CFTC) fined an asset manager, using financial instruments to hedge its clients’ risk, for failing to register as a Commodity Trading Advisor (CTA).  See Summit Energy Services Inc., CFTC Docket No. 15-12.  Without admitting or denying any finding or conclusions, the asset manager agreed to pay […] Read more →

by   |   February 12, 2015

bad actor

Bad Actor Waivers and Conditions – The Controversy Continues

Broker-Dealer, Litigation, Public Companies and Securities In a prior blog we discussed a Regulation D bad actor waiver granted to Oppenheimer & Co. that imposed conditions on the receipt of the waiver.  The waiver provided... Read more →

by   |   February 4, 2015

financial statements

PCAOB Alerts on Deficiencies in Broker-Deal Audits

Broker-Dealer The first five inspections of broker-dealer audit and new attestation engagements subject to PCAOB standards show deficiencies in the auditors’ application of these... Read more →

by   |   January 28, 2015

bad actor

SEC Grants Second Bad Actor Waiver With Conditions

Broker-Dealer, Litigation SEC Commissioner Kara Stein recently described what many saw as a possible model for harsher bad actor waivers after settling a matter with the SEC.  According to Ms. Stein... Read more →

by   |   January 27, 2015