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

SEC Issues FAQs on Compensation Plan Proposals Included in Proxy Statements

Employment, Executive Compensation, Public Companies and Securities The SEC has issued a series of frequently asked questions, which in SEC speak are referred to as Compliance and Disclosures Interpretations (or C&DIs for short), on proxy statements and proxy solicitations.  In general the C&DIs replace previously issued telephone interpretations, but the lead in notes where substantive changes have been made.  For those who have […] Read more →

by   |   May 11, 2018

Longfin, Rule 144 and Affiliate Status

Litigation, Public Companies and Securities The United States District Court for the Southern District of New York recently issued an opinion granting a preliminary injunction with respect to alleged Section 5 violations by... Read more →

by   |   May 3, 2018

SEC Proposed Interpretive Guidance for Investment Advisers: Implications for Private Equity

Investment Advisers, M&A The SEC’s recent proposed guidance for investment advisers has implications for private equity sponsors.  Perhaps the most important part of the guidance for private equity... Read more →

by   |   April 29, 2018

SEC logo

Yahoo/Altaba Agree to $35 Million SEC Penalty for Failure to Disclose Massive Security Breach

Litigation, Public Companies and Securities In perhaps the SEC’s first major shot across the bow, Yahoo (now known as Altaba) has agreed to pay the SEC $35 million for failure to disclose a massive security breach to its... Read more →

by   |   April 24, 2018

SEC logo

SEC Proposes Regulation Best Interest for Broker-Dealers

Broker-Dealer, Investment Advisers The SEC has proposed two rules and an interpretation to address retail investor confusion about the relationships that they have with investment professionals and the harm that... Read more →

by   |   April 18, 2018

SEC Clarifies Need for GAAP Reconciliations for Forecasts Used in Business Combinations

M&A, Public Companies and Securities The SEC previously noted in a Compliance and Disclosure Interpretation that financial measures included in forecasts provided to a financial advisor and used in connection with a... Read more →

by   |   April 4, 2018

ISS Updates FAQs on U.S. Proxy Voting Research and Policies

Public Companies and Securities ISS has updated its frequently asked questions on U.S. Proxy Voting Research Procedures & Policies (Excluding Compensation-Related). New and updated questions include: When... Read more →

by   |   April 2, 2018

“True Lender” Litigation on the Rise: Recent Litigation and Enforcement Actions Challenge Traditional Bank Partnership Model

Banking, Consumer Protection, Litigation Over the last two years the financial industry has seen an uptick in litigation and enforcement actions aimed at banks and their non-bank lending partners. These actions have... Read more →

by   |   April 2, 2018

Advocacy Group Requests SEC to Investigate Irregularities in Pay Ratios

Executive Compensation, Public Companies and Securities An advocacy group, Public Citizen, has requested the SEC to investigate irregularities and inconsistencies in pay ratios reported by public companies. According to the group’s... Read more →

by   |   March 29, 2018