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 Consumer Protection

SEC Imposes $6 Million in Penalties for Straw Purchaser Arrangement

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Broker-Dealer, Consumer Protection, Investment Advisers On March 26, 2015, the SEC settled charges against 22 parties relating to arrangements by which companies not registered as broker-dealers purchased securities on behalf of Global Fixed Income, LLC (GFI) and received transaction-based compensation. The settlement generally requires each of the participants to pay disgorgements of profits and civil monetary penalties. According to the […] Read more →

by   |   March 31, 2015

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CFPB to Allow Consumers to Voice Public Complaints About Financial Companies

Banking, Consumer Protection The CFPB is finalizing a policy to allow consumers to voice publicly their complaints about consumer financial products and services. When consumers submit a complaint to the... Read more →

by   |   March 19, 2015

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CFPB Investigating Credit Card Market

Banking, Consumer Protection The CFPB announced it is seeking public comment on how the credit card market is functioning and the impact of credit card protections on consumers and issuers. This public... Read more →

by   |   March 17, 2015

crowdfunding

Is Crowdfunding Under the JOBS Act Dead?

Broker-Dealer, Consumer Protection In a recent article titled JOBS Act State of the Union (well worth a read in full), Samuel Guzik makes the case that the SEC has given up on creating rules to implement Title III... Read more →

by   |   March 13, 2015