Dodd-Frank.com

SEC Charges Investment Adviser with Cybersecurity Violations

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The SEC recently commenced a settled enforcement action against an investment adviser, R.T. Jones Capital Equities Management, Inc., for cybersecurity matters.  Press reports indicate this is the first such case of its kind.  R.T. Jones did not admit or deny the SEC’s findings. These proceedings arose out of R.T. Jones’s... Read More

Topics: Consumer Protection, Investment Advisers, Uncategorized

SEC Seeking Comment on Possible Revisions to Audit Committee Disclosures

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The SEC has issued a concept release to seek public comment regarding audit committee reporting requirements, with a focus on the audit committee’s reporting of its responsibilities with respect to its oversight of the independent auditor. The SEC has categorized the specific audit committee disclosures about which the Commission is... Read More

Topics: Public Companies and Securities, Uncategorized

MSRB Provides Guidance on Developing Supervision and Compliance Programs for Municipal Advisors

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Rule G-44 of the Municipal Securities Rulemaking Board, or MSRB, became effective on April 23, 2015. That Rule establishes the supervisory and compliance obligations of municipal advisors. The MSRB has provided an educational document designed to support municipal advisors’ development of effective policies and procedures for supervision and compliance, particularly... Read More

Topics: Municipal Advisors, Uncategorized

MSRB Moves Foward Professional Qualification Standards For Municipal Advisors

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The Municipal Securities Rulemaking Board, or MSRB, has received approval from the SEC to create baseline standards of professional qualification for municipal advisors. The new standards will be incorporated through amendments to the MSRB’s existing Rules G-2 and G-3 on professional qualifications and take effect April 27, 2015. The Dodd-Frank... Read More

Topics: Municipal Advisors, Uncategorized

ISS Posts FAQs on Compensation Policies

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ISS has posted new FAQs on U.S. compensation policies. There are 104 FAQs spanning 43 pages. Given their breadth, they are difficult to summarize. But they cover topics ranging from say-on-pay, pay-for-performance, defining peer companies, problematic pay practices, equity plans, change of control matters and the like. ABOUT STINSON LEONARD... Read More

Topics: Executive Compensation, Public Companies and Securities, Uncategorized