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

Sarbanes-Oxley Prevents Indemnification for Clawback Claims – Dodd-Frank Implications

Executive Compensation, Litigation Sarbanes-Oxley requires executives to reimburse their public company employers for bonuses and profits realized from the sale of company stock for the 12 month period following the filing of a false financial report that requires a financial statement restatement.  The recent Second Circuit Court of Appeals DHB Industries, Inc. case involved executives who had realized […] Read more →

by   |   October 8, 2010

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SEC Delegates Authority Related to SRO Rule Proposals to Facilitate Dodd-Frank Compliance

Public Companies and Securities The Dodd-Frank Wall Street Reform and Consumer Protection Act amended Section 19 of the Exchange Act, 15 U.S.C. 78s(b)(2), so that there are new deadlines by which the SEC must... Read more →

by   |   October 7, 2010

US Capitol Building

SEC Meeting to Consider Security-Based Swaps and Asset-Backed Securities

Public Companies and Securities The SEC has posted a Sunshine Act Notice related to an open meeting to be held on October 13, 2010.  The following matters will be addressed: The SEC will consider whether to... Read more →

by   |   October 6, 2010

Do I Need to Report My Swaps or Preserve Data?

Energy, Public Companies and Securities We previously reported on the CFTC’s Interim Final Rule for reporting Pre-enactment Swap Transactions.  Since that time, the text of the CFTC Rule 44.00 has been published in... Read more →

by   |   October 6, 2010

The Volcker Rule and Hedge Funds, Private Equity and Venture Capital Funds

Private Equity The “Volcker Rule” is named after former Federal Reserve Chairman Paul Volcker.  Broadly speaking it is a rule against banks making certain speculative kinds of investments... Read more →

by   |   October 6, 2010

President Obama Signs First Amendment to Dodd-Frank Into Law

Litigation, Public Companies and Securities As widely expected and reported earlier at Dodd-Frank and the Law, yesterday President Obama signed the Dodd-Frank Freedom of Information Restoration Amendments, which repealed... Read more →

by   |   October 6, 2010

US Capitol Building

Proposed Dodd-Frank Disclosures for Asset-Backed Securities

Banking, Public Companies and Securities The SEC has  proposed rules to implement Section 943 of the Dodd-Frank Act, which requires the SEC to prescribe regulations on the use of representations and warranties in the... Read more →

by   |   October 4, 2010

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SEC Stays Proxy Access Rules

Litigation, Public Companies and Securities As we noted last week, the Business Roundtable and the Chamber of Commerce of the United States of America (the “petitioners”) filed a petition with the United States Court of... Read more →

by   |   October 4, 2010

CFTC Issues Proposed Rules on Financial Resource Requirements for DCOs and SIDCOs and Conflicts of Interest

Banking On October 1, 2010, the CFTC issued proposed rules on financial resource requirements for derivative clearing organizations (“DCOs”) and systematically important DCOs... Read more →

by   |   October 3, 2010