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

SCOTUS Finds Investment Banker Liable for Cutting and Pasting Fraudulent Statement

Litigation, Public Companies and Securities The U.S. Supreme Court considered the extent of liability under Rule 10b-5 and other rules of the Securities and Exchange Commission and related statutes in Lorenzo v. Securities and Exchange Commission.  The facts of the case were undisputed.  Francis Lorenzo, while the director of investment banking at an SEC-registered brokerage firm, sent two e-mails to […] Read more →

by , and   |   March 28, 2019

SEC Streamlines Regulations with FAST Act Rules

Public Companies and Securities The Fixing America’s Surface Transportation Act, or FAST Act, required the SEC to consider ways to streamline SEC regulations. Accordingly, the SEC has adopted final amendments... Read more →

by , and   |   March 24, 2019

The PCAOB Wants to Talk to the Audit Committee Chair – Now What?

Litigation, Public Companies and Securities The PCAOB recently noted that during 2019 it will provide an opportunity for audit committee chairs of certain companies whose audits are subject to inspection to “engage in... Read more →

by , , and   |   March 18, 2019

SEC Official Speaks to Sustainability Disclosure

Public Companies and Securities William Hinman, Director, SEC Division of Corporation Finance, recently gave his views on sustainability disclosures by public companies, among other topics. According to Mr.... Read more →

by   |   March 15, 2019

PCAOB Posts 2019 Staff Inspections Outlook for Audit Committees

Public Companies and Securities In a published document, the PCAOB noted its new strategic plan anticipated enhanced external engagement and more proactive communication with its stakeholders, including audit... Read more →

by   |   March 14, 2019

SEC Seeks Comment on Application of Custody Rule to Digital Assets

Investment Advisers The SEC’s Division of Investment Management is seeking comment on the application of the Custody Rule to digital assets. The Custody Rule provides that it is a fraudulent,... Read more →

by   |   March 13, 2019

Musk: I did not Violate Court Order

Litigation, Public Companies and Securities Elon Musk, in a court filing, offered the following three reasons why he should not be held in contempt of court for violating a court Order in a recent tweet: There is no clear... Read more →

by   |   March 11, 2019

CFTC Issues Advisory on Violations of the Commodity Exchange Act Involving Foreign Corrupt Practices

Derivatives, Litigation The CFTC announced an Enforcement Advisory on self-reporting and cooperation for violations of the Commodity Exchange Act, or CEA, involving foreign corrupt practices.  Because... Read more →

by   |   March 11, 2019

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SEC Comments on Pay Ratio Disclosures (None)

Employment, Executive Compensation, Public Companies and Securities We have been unable to find extensive SEC comments on last year’s first round of pay ratio disclosures.  Searches for comment letter responses referring to for “402(u)” or... Read more →

by   |   March 11, 2019