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 »

Latest Dodd-Frank Posts

MN Regulation of Investment Adviser Representatives

Investment Advisers In 2013, Minnesota enacted new regulatory statutes (prior coverage here, here, and here) that require “investment adviser representatives” to register with the department of commerce and meet certain other requirements unless an exemption is available.  However, the system of exemptions is non-intuitive and requires some background knowledge on the current state of the investment adviser […] Read more →

by   |   February 16, 2014

Guidance for Hedge Funds and Private Equity: Who Is a Knowledgeable Employee?

Investment Advisers, Private Equity The SEC has issued a no-action letter regarding Investment Company Act Rule 3c-5 which defines the term “knowledgeable employee.”  Rule 3c-5 is critical for many because it... Read more →

by   |   February 12, 2014

FINRA Proposes More Changes to Corporate Financing Rule

Broker-Dealer, Public Companies and Securities We noted earlier some key changes FINRA was proposing to the Corporate Financing Rule.  Here at Stinson Leonard Street we all gave each other the “high five” because the... Read more →

by   |   February 7, 2014

No Action Letter Allows M&A Brokers to Receive Transaction-Based Compensation

Broker-Dealer Historically, the SEC has taken the position that in order for a person to receive transaction-based compensation in connection with the sale of securities – even when the sale... Read more →

by   |   February 5, 2014