The Interaction Between Dodd-Frank and Minnesota Regulation of Investment Advisers Before enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the following rules applied under the Investment Advisers Act of 1940: The Investment Advisers Act precluded investment advisers with less than $25 million in assets under management from... Read More
The Dodd-Frank Act and the Sarbanes-Oxley Act both have provisions for whistleblowers. Public companies need to be familiar with all of these provisions. The Dodd-Frank Act provides that if a “whistleblower” provides “original information” in certain judicial or administrative actions, the whistleblower may be entitled to as much as 10... Read More
The Dodd-Frank Act contains provisions designed to help protect seniors (62 and over) from being victimized by persons who market securities, insurance products, or financial instruments to seniors and who claim to be specially certified to assist seniors in financial matters. The Act requires the newly authorized Office of Financial... Read More
Although President Obama only recently signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC has actively taken steps to implement the new law. Remarks of Chairman Shapiro On July 27, 2010, SEC Chairman Mary L. Shapiro addressed the U.S. Chamber of Commerce. She noted that Congress has... Read More
The Dodd-Frank Act will significantly impact the proxy process and the annual meeting with nonbinding say-on-pay votes, additional disclosures regarding executive compensation and permitting shareholders to include director nominees in a company proxy statement. The Act will also significantly affect compensation by the introduction of mandatory clawbacks of incentive compensation... Read More