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

CFTC Proposes Important Clarification on Forward Contracts with Embedded Volumetric Optionality

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Derivatives, Energy The CFTC has published an important proposed clarification to its seven element test regarding forward contracts with embedded volumetric optionality (EVO). The proposed interpretation provides that a contract for deferred delivery of a physical commodity (i.e., a forward contract) that contains EVO will fall within the forward contract exclusion, and thus not be regulated as […] Read more →

by   |   November 22, 2014

NASDAQ Proposes to Stop Automatic Delisting for Failure to Hold Annual Meeting

Public Companies and Securities Under Current NASDAQ Rule 5810(c)(1), NASDAQ staff is required to issue a delisting determination, subjecting the company to immediate suspension and delisting, if a company fails... Read more →

by   |   November 21, 2014

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CFPB Takes Action Against ‘Buy-Here, Pay-Here’ Auto Dealer

Banking, Consumer Protection, Litigation The CFPB took its first action against a “buy-here, pay-here” car dealer.   The CFPB alleged that the dealer, DriveTime, harmed consumers by making harassing debt collection... Read more →

by   |   November 20, 2014

Question mark

Do I Need to Update My D&O Questionnaire for 2015?

Public Companies and Securities One of the most frequent questions we get this time of year is issuers asking whether there are any needed updates to director and officer questionnaires.  Necessary... Read more →

by   |   November 19, 2014

whistleblower

SEC Describes Profiles of Successful Whistleblowers

Employment, Litigation, Public Companies and Securities, Uncategorized In its 2014 Report to Congress on the Dodd-Frank Whistleblower Program, the SEC described the profile of successful whistleblowers. Because the SEC must keep the identity of... Read more →

by   |   November 18, 2014

conflict minerals

Panel to Rehear Conflict Minerals Case

Public Companies and Securities The United States Court of Appeals for the District of Columbia has granted the petition for a panel rehearing (as opposed to an en banc rehearing) in the conflict minerals... Read more →

by   |   November 18, 2014

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... Read more →

by   |   November 17, 2014

CFPB logo

CFPB Finds Violation of Loan Originator Compensation Rule

Banking, Consumer Protection, Employment, Litigation The CFPB and Franklin Loan Corporation have asked a federal court to approve a consent order regarding alleged violations by Franklin Loan of the loan originator compensation... Read more →

by   |   November 15, 2014

whistleblower

Revealing Whistleblower’s Identity is Retaliation

Employment, Litigation, Public Companies and Securities The United States Court of Appeals for the Fifth Circuit held that revealing a whistleblower’s identity is prohibited retaliation under the Sarbanes-Oxley Act in... Read more →

by   |   November 14, 2014