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 Explains How to Use Twitter and Absolves Issuers of Retweets

social media

Broker-Dealer, Public Companies and Securities Certain rules under the securities laws require certain communications be accompanied by legends.  The length of the legend meant that Twitter could not be used because the 140 character limit would be exceeded.  As has long been suspected, the SEC has now blessed the use of  Twitter by permitting a link to the required legend.  […] Read more →

by   |   April 21, 2014

FDIC Logo

Bad People Can’t Buy Failed Banks

Banking The Federal Deposit Insurance Corporation, or FDIC, has adopted a final rule to implement section 210(r) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under... Read more →

by   |   April 20, 2014

SEC logo

SEC Announcements on Confidential Treatment Requests and Glossy Annual Reports

Public Companies and Securities, Uncategorized The SEC Division of Corporation Finance has recently posted two Division Announcements: As of April 9, 2014, in cases where the SEC staff has determined to grant a request for... Read more →

by   |   April 18, 2014

SEC’s OCIE Announces Cybersecurity Examinations of Broker-Dealers and Registered Investment Advisers

Broker-Dealer, Investment Advisers The SEC’s Office of Compliance Inspections and Examinations, or OCIE, previously announced that its 2014 Examination Priorities included a focus on technology, including... Read more →

by   |   April 16, 2014

conflict minerals

Mandate Withheld in Conflicts Minerals Case

Public Companies and Securities In a little known action, the Clerk of Court of the Unites States Court of Appeals for the District of Columbia issued an order in the conflicts minerals case to withhold issuance... Read more →

by   |   April 15, 2014

Quinlivan_Stephen_M4x5 2014 bio photo

Court Invalidates Conflict Minerals Rule Because it Crosses First Amendment Line

Public Companies and Securities In the end, it’s pretty simple.  The court held the conflicts minerals rule and statute embodied in Dodd-Frank violate the First Amendment to the extent the statute and rule... Read more →

by   |   April 14, 2014

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SEC Lays Out Road Map on Disclosure Reform

Public Companies and Securities, Uncategorized Keith F. Higgins, Director, SEC Division of Corporation Finance, recently laid out the SEC staff’s approach to the much discussed disclosure reform initiative.  Highlights are... Read more →

by   |   April 11, 2014

crowdfunding

New C&DIs Contemplate Intrastate Crowdfunded Offerings

Broker-Dealer, Consumer Protection, Private Equity This week the SEC released three new Compliance and Disclosure Interpretations (C&DIs) relating to Rule 147, which applies to securities that exempt from registration pursuant... Read more →

by   |   April 10, 2014

Minnesota

Proposed Minnesota Public Benefit Corporation Legislation

Uncategorized A bill has been introduced to bring public benefit corporations to Minnesota.  The public benefit corporation is a relatively recent legal innovation that occupies a hybrid... Read more →

by   |   April 10, 2014