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

Trump Prevents FSOC Designations and Bank Liquidations

Banking In a Presidential Memorandum, President Trump directed the Secretary of the Treasury, as a member of the Financial Stability Oversight Council, not to cast a nonemergency vote to subject nonbank financial companies to enhanced regulation or to designate any financial market utilities as systematically important for a period of 180 days.  The Presidential Memorandum also […] Read more →

by   |   April 22, 2017

FINRA Solicits Comments on Rules Impacting Capital Formation and Proposed Changes to the Corporate Financing Rule

Broker-Dealer, Public Companies and Securities In what seems to be a bow to the Trump Administration, FINRA has issued Regulatory Notice 17-14 which broadly seeks comments on FINRA rules that impact capital formation. Specific... Read more →

by   |   April 20, 2017

US Capitol Building

Draft Financial Choice Act 2.0 Prohibits Universal Proxy and Restricts Shareholder Proposals

Public Companies and Securities The House Financial Services Committee has released a discussion draft of a revised Financial Choice Act. The Committee will hold a hearing on the Act on April 26, 2017. Section... Read more →

by   |   April 20, 2017

FTC Announces Regulatory Reform Process

Consumer Protection, M&A, Trump The FTC explained it was undertaking the following regulatory reform steps in a press release: New groups within the Bureau of Competition and the Bureau of Consumer Protection... Read more →

by   |   April 17, 2017

Corwin Stops Litigation Where Deal Protection Measures are not Preclusive

Litigation, M&A In Re Paramount Gold And Silver Corp. Stockholders Litigation examines the interaction of Corwin, Unocal and deal protection measures.  At issue was a Merger Agreement which... Read more →

by   |   April 17, 2017

Enforcement Sweep Snares Issuers for Paid Stock Promotions

Litigation, Public Companies and Securities The SEC announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading... Read more →

by   |   April 10, 2017

SEC Staff Relaxes Conflict Minerals Reporting

Public Companies and Securities Effective immediately, the SEC staff has relaxed conflict minerals reporting requirements by public companies. The change was triggered by the entry of a final judgment in the... Read more →

by   |   April 7, 2017

Equity Grants to Directors Subject to Business Judgment Review as a Result of Specific Plan Limits

Employment, Executive Compensation, Litigation, Public Companies and Securities The Delaware Court of Chancery examined equity grants to directors in In Re Investors Bancorp, Inc. Stockholder Litigation.  The equity incentive plan, or EIP, at issue included... Read more →

by   |   April 5, 2017

Court Enters Final Judgment in Conflict Minerals Case

Public Companies and Securities The United States District Court for the District of Columbia has entered a final judgment in the conflict minerals case. The final judgment is identical to the proposed judgment... Read more →

by   |   April 3, 2017