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

Not Necessary to “Boil the Ocean” in FCPA Internal Investigations

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Litigation, Public Companies and Securities Assistant Attorney General Leslie R. Caldwell recently gave her views on the proper scope of internal investigations regarding FCPA matters.  In her views she noted: Although we expect internal investigations to be thorough, we do not expect companies to aimlessly boil the ocean.  Indeed, there have been some instances in which companies have, in our […] Read more →

by   |   April 20, 2015

enforcement

Dodd-Frank Anti-Spoofing Statute Not Void for Vagueness For High Frequency Trader

Derivatives, Litigation In United States v. Coscia, the District Court for the Northern District of Illinois Eastern Division declined to dismiss an indictment for “spoofing” against a high... Read more →

by   |   April 18, 2015

Spin-Offs and Successorship Clauses

M&A In 2006, the media conglomerate News Corporation, referred to as Old News Corp, entered into a Settlement Agreement to settle stockholder litigation filed in Delaware in 2005.... Read more →

by   |   April 12, 2015

M&A

Fed Eases Small Bank M&A Rules

Banking, M&A The Board of Governors of the Federal Reserve Board has modified its Small Bank Holding Company Policy Statement to facilitate the sale of smaller community banks. Under the final... Read more →

by   |   April 11, 2015

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CFTC Taking Action on Inaccurate Reporting

Broker-Dealer, Energy The Commodity Futures Trading Commission (CFTC) is increasingly taking action on inaccurate reporting by market participants.  In the past year, the CFTC has entered into three... Read more →

by   |   April 8, 2015

derivatives

CFTC Pushes Dodd-Frank Boundaries With Manipulation Case

Derivatives, Energy In the first case of its kind, the CFTC has accused Kraft Food Groups, Inc. and former parent Mondelez Global LLC with manipulation pursuant to Section 6(c)(1) of the Commodities... Read more →

by   |   April 4, 2015

whistleblower

SEC Finds Confidentiality Agreements Violates Whistleblower Rules

Employment, Litigation, Public Companies and Securities The SEC announced its first enforcement action against a company for using improperly restrictive language in confidentiality agreements with the potential to stifle the... Read more →

by   |   April 1, 2015

executive compensation

SEC Brings Enforcement Action Related to Perks

Employment, Executive Compensation, Litigation, Public Companies and Securities The SEC charged the former CEO of Silicon Valley-based technology firm Polycom Inc. with using nearly $200,000 in corporate funds for personal perks that were not disclosed to... Read more →

by   |   March 31, 2015

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SEC Imposes $6 Million in Penalties for Straw Purchaser Arrangement

Broker-Dealer, Consumer Protection, Investment Advisers On March 26, 2015, the SEC settled charges against 22 parties relating to arrangements by which companies not registered as broker-dealers purchased securities on behalf of Global... Read more →

by   |   March 31, 2015