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 Private Equity

No-Action Relief for Social Impact Financing Finder

Broker-Dealer, Private Equity The SEC issued a no-action letter on November 13, 2014 to Social Finance, Inc., indicating that it would not recommend enforcement action against Social Finance for its conduct as an intermediary in social impact bond (SIB) projects. SIB Programs The basic concept underlying SIB programs, also sometimes called “pay for success” programs, is that private […] Read more →

by   |   November 17, 2014

hedge fund

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

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... Read more →

by   |   October 29, 2014

private equity

SEC Charges Private Equity Sponsor for Misallocation of Expenses on Integrated Portfolio Companies

Investment Advisers, Private Equity, Uncategorized The SEC charged a private equity sponsor with breaching its fiduciary duty to a pair of private equity funds by sharing expenses between a company in one’s portfolio and a... Read more →

by   |   September 22, 2014

accountant2

SEC Examinations of Newly Registered Private Fund Advisers Wind Down

Investment Advisers, Private Equity In testimony before Congress, SEC Chair Mary Jo White noted that she anticipates SEC staff will conclude a two-year initiative to conduct focused, risk-based exams of newly... Read more →

by   |   September 11, 2014