Stinson Leonard Street 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

PCAOB Alerts on Deficiencies in Broker-Deal Audits

financial statements

Broker-Dealer The first five inspections of broker-dealer audit and new attestation engagements subject to PCAOB standards show deficiencies in the auditors’ application of these standards according to the PCAOB. The requirement to follow PCAOB standards became effective for broker-dealer annual reports with fiscal years that ended on or after June 1, 2014, pursuant to an amendment […] Read more →

by   |   January 28, 2015

bad actor

SEC Grants Second Bad Actor Waiver With Conditions

Broker-Dealer, Litigation SEC Commissioner Kara Stein recently described what many saw as a possible model for harsher bad actor waivers after settling a matter with the SEC.  According to Ms. Stein... Read more →

by   |   January 27, 2015

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SEC Eases Terms for 5-Day Debt Tender Offers

Public Companies and Securities, Uncategorized The SEC recently provided no-action relief for five-day tender offers. The new no-action letter eases requirements in the following areas: The tender offer must be open for five... Read more →

by   |   January 25, 2015


Business Roundtable Gives ISS its Views on Proxy Access

Public Companies and Securities The SEC Division of Corporation Finance recently informed public companies that it will express no views on the application of Rule 14a-8(i)(9) during the current proxy season. ... Read more →

by   |   January 23, 2015


Amicus Briefs Pour in for Wal-Mart Shareholder Proposal Case

Litigation, Public Companies and Securities Amicus briefs are pouring in in favor of Wal-Mart in its appeal to the Third Circuit.  Wal-Mart appealed the United States District of Delaware’s decision that denied Wal-Mart... Read more →

by   |   January 23, 2015

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Interchange Fee Battle Comes to an End

Banking The United States Supreme Court has denied a petition for a writ of certiorari in NACS, fka National Association of Convenience Stores, et al., v. Board of Governors of the... Read more →

by   |   January 21, 2015

SEC Finds Loan to Investment Adviser’s CEO a Conflict of Interest

Investment Advisers Consulting Services Group, LLC, or CSG, was a registered investment adviser whose business included providing consulting services to public pension funds. These consulting... Read more →

by   |   January 20, 2015


Model Rule Exempting M&A Brokers Proposed by NASAA

Broker-Dealer, Private Equity The Broker-Dealer section of the North American Securities Administrators Association (NASAA) has proposed a model uniform state rule (the “Model Rule”) that would exempt... Read more →

by   |   January 18, 2015


No More SEC No-Action Letters on Proxy Access Proposals

Public Companies and Securities Responding to investor pressure, and pressure by shareholder proponents, the SEC Division of Corporation Finance issued this statement: “In light of Chair White’s... Read more →

by   |   January 16, 2015