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 Blog

U.S. House of Representatives Pass Bill Seeking to Raise Disclosure Thresholds under SEC Rule 701

US Capitol Building

Public Companies and Securities, Uncategorized A bill (H.R. 1675) seeking to increase the information disclosure threshold under SEC Rule 701 passed the U.S. House of Representatives on February 3 by a vote of 265 to 159. Rule 701 exempts from registration issuer sales or grants of securities to employees under written compensatory plans.  Pursuant to Rule 701, issuers need only provide […] Read more →

by   |   February 4, 2016

KuettelA_web

Three Bills Proposing Amendments to the Federal Securities Laws Gain Traction in Congress

Broker-Dealer, Investment Advisers, Private Equity, Public Companies and Securities The U.S. House of Representatives passed three bills on February 1, 2016 that propose changes to the federal securities laws, including the Securities Act of 1933 (’33 Act) and... Read more →

by   |   February 3, 2016

executive compensation

Yahoo! Compensation Litigation – History May Not Repeat Itself but it Often Rhymes

Employment, Executive Compensation, Litigation, Public Companies and Securities The Delaware Court of Chancery has issued an opinion on a Section 220 demand made against Yahoo! No complaint has yet been filed, and although Vice Chancellor Laster speculates on... Read more →

by   |   February 3, 2016

CFPB and DOJ Continue Aggressive and Controversial Enforcement Efforts Against Indirect Auto Lenders with Enforcement Action Against Toyota Motor Credit Corporation

Banking, CFPB, Consumer Protection, Litigation On February 2, 2016, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) announced a joint enforcement action against indirect auto lender Toyota... Read more →

by   |   February 2, 2016

House of Representatives Issues Part II of Report Criticizing CFPB’s Auto Lending Enforcement Efforts

Banking, CFPB, Consumer Protection, Litigation On January 20, 2016, Republican members of the House of Representatives’ Financial Services Committee issued a report titled Unsafe at Any Bureaucracy, Part II: How the Bureau... Read more →

by   |   February 1, 2016

M&A

House to (Again) Consider Bill to Exempt M&A Brokers from Exchange Act Registration

Broker-Dealer, M&A A bill that would provide a federal statutory exemption from the broker-dealer registration requirements under Section 15(a) of the Exchange Act for certain so called “M&A... Read more →

by   |   February 1, 2016

CFPB Releases Monthly Complaint Report for December 2015 and Highlights New York Metro Area Complaints

Banking, CFPB, Litigation On January 28, 2016, the Consumer Financial Protection Bureau (CFPB) released its latest Monthly Complaint Report for December 2015, which provides an overview of three-month... Read more →

by   |   January 31, 2016

Quinlivan_Stephen_M4x5 2014 bio photo

DTCC Explores Blockchain Technology

Broker-Dealer, Public Companies and Securities The Depository Trust & Clearing Corporation, or DTCC, is integrally involved with settlement of trades in public company stocks. It has issued a white paper examining the use... Read more →

by   |   January 30, 2016

US Capitol Building

House Committee on Financial Services Approves Bill Exempting Smaller Reporting Companies from Filing Financial Data in XBRL

Public Companies and Securities On January 28, 2016, the House Committee on Financial Services reported favorably on the Small Company Disclosure Simplification Act.  The bill has been scheduled for... Read more →

by   |   January 30, 2016