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 Litigation

Providing Audited Financial Statements Late Leads to Charges of Custody Rule Violations

hedge fund

Litigation, Private Equity The SEC announced charges against an investment advisory firm and three of its top officials for violating the “custody rule” that requires firms to follow certain procedures when they control or have access to client money or securities. Advisory firms with custody of private fund assets can comply with the custody rule by distributing audited […] Read more →

by   |   October 29, 2014

whistleblower

FINRA Reminds Anti-Whistleblower Provisions Are Not Permitted in Settlement Agreements

Broker-Dealer, Litigation FINRA has published a regulatory notice where it reminds firms that it is a violation of FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) to include... Read more →

by   |   October 15, 2014

Scale and Gavel

MD&A Rules Do Not Create Rule 10b-5 Disclosure Obligation

Litigation, Public Companies and Securities The Ninth Circuit recently examined whether Item 303 of Regulation of S-K, which sets forth the MD&A rules, creates an affirmative duty of disclosure on which to pin a Rule... Read more →

by   |   October 6, 2014

hedge fund

Hedge Fund and its Partner and Lawyer Fail on Motion to Dismiss for Breach of Fiduciary Duty

Litigation A case against a hedge fund, and one of its partners and in-house counsel, related to actions at a portfolio company and alleging breach of fiduciary duties survived a motion to... Read more →

by   |   October 5, 2014