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

Details of Trump’s Regulatory Freeze

Uncategorized Reince Priebus, President Trump’s Chief of Staff, issued a memo ordering an immediate regulatory freeze (link via Politico). The memo was addressed to heads of executive departments and agencies.  According to the memo: Except for emergency situations or other urgent circumstances relating to health, safety, financial, or national security matters, or otherwise, no regulation shall […] Read more →

by   |   January 20, 2017

SEC Brings Enforcement Action for Disclosure Failures During Merger Talks

Litigation, M&A The SEC announced that Allergan Inc. had agreed to admit securities law violations and pay a $15 million penalty for disclosure failures in the wake of a hostile takeover bid. The... Read more →

by   |   January 20, 2017

Pay-to-Play Enforcement Sweep Snares Private Equity and Venture Capital

Litigation, Private Equity On January 17, 2017, the SEC announced nine settled enforcement actions for violations of the pay-to-pay rule against private equity, venture capital and hedge fund sponsors. The... Read more →

by   |   January 20, 2017

House Acts to Place Additional Limitations on SEC Rulemaking

Public Companies and Securities With its passage of the SEC Regulatory Accountability Act last week, the U.S. House of Representatives has taken action to place additional constraints on future rulemaking by the... Read more →

by   |   January 17, 2017

Corzine Settles CFTC’s MF Global Charges for $5 Million

Derivatives, Employment, Executive Compensation, Litigation The U.S. Commodity Futures Trading Commission has obtained a federal court Consent Order against Defendant Jon S. Corzine, former CEO of MF Global Inc., requiring him to pay a $5... Read more →

by   |   January 5, 2017

SEC Publishes Regulation A+ Statistics

Crowdfunding, Public Companies and Securities The SEC has published a white paper describing the types of Regulation A+ offerings to date. Facts published include: As of October 31, 2016, prospective issuers have publicly... Read more →

by   |   December 31, 2016

10th Circuit Finds SEC Administrative Proceedings are Unconstitutional

Litigation The Appointments Clause of the US Constitution requires that “inferior officers” be appointed by the President, department heads or courts of law. SEC administrative law... Read more →

by   |   December 28, 2016

Delaware Court Addresses Fee-Shifting Bylaw

Litigation, M&A, Public Companies and Securities In 2015, Section 115 was added to the Delaware General Corporation Law, or DGCL providing that Delaware corporations may adopt bylaws requiring that internal corporate claims be... Read more →

by   |   December 28, 2016

ISS Provides Updated Compensation Plan and Executive Compensation FAQs

Employment, Executive Compensation, Public Companies and Securities ISS has updated its equity compensation plan FAQs. New and materially updated questions include: If a company grants performance-based awards, how will the shares be counted for... Read more →

by   |   December 19, 2016