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

Another Executive Agrees to Sarb-Ox Clawback Even Though Not at Fault

Stacks of Coins

Employment, Litigation, Public Companies and Securities The SEC announced a settlement with the former chief financial officer of Beazer Homes USA to recover his bonus compensation and stock sale profits from the period when the Atlanta-based homebuilder was committing accounting fraud. According to the SEC’s complaint filed in federal court in Atlanta, James O’Leary is not personally charged with misconduct, but […] Read more →

by   |   August 30, 2011

CFTC: If Rule 10b-5 Works For the SEC, It Should Work For Us Too (And Maybe We’ll Win More Than One Case Every 35 Years)

Banking, Derivatives, Energy, Executive Compensation, Litigation The CFTC’s new anti-manipulation and anti-fraud rules are based on the SEC’s Rule 10b-5.  One CFTC Commissioner believes the new rule will end the CFTC’s nearly unanimous... Read more →

by   |   July 7, 2011

Final Rules Permit FDIC to Clawback Compensation Based on Negligence for Covered Financial Companies

Banking, Employment, Executive Compensation, Litigation The FDIC has adopted final rules which provide that the FDIC, as receiver of a covered financial company, may recover from senior executives and directors who were substantially... Read more →

by   |   July 6, 2011

Test Your Knowledge of the Whistleblower Rules

Employment, Litigation, Public Companies and Securities Consider these hypothetical facts:  Joe Ledger, an accountant at HighTech Co., an exchange traded company, finds some evidence of some mysterious transactions that occurred in... Read more →

by   |   June 2, 2011