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

Supreme Court to Determine Scope of Whistleblower Protection

Employment, Executive Compensation, Litigation, Public Companies and Securities A percolating issue with respect to the SEC’s whistleblower regulations is whether the anti-retaliation protections apply only when suspected misconduct is reported to the SEC, or whether the protections also apply when the whistleblower reports the misconduct internally. Two circuit courts have held internal reporting is protected under the Dodd-Frank Act, and one circuit court […] Read more →

by   |   June 26, 2017

Revenue Recognition Representations for M&A and Underwriting Agreements

Public Companies and Securities Some have suggested that the FASB’s new revenue recognition standard will result in particularized representations in M&A, underwriting and loan documents. It’s... Read more →

by   |   June 19, 2017

Delaware Supreme Court Scolds Special Committee Member that Joins Law Firm

Litigation, M&A The Delaware Supreme Court upheld the Chancery Court decision in Chester County Retirement Systems v. Collins et al.  In so doing, it noted one troubling aspect of the record as... Read more →

by   |   June 18, 2017

Faulty New Computer System Results in SEC Bringing MD&A Related Charges

Litigation, Public Companies and Securities The SEC recently brought charges against the CEO and CFO of UTi Worldwide Inc. in a settled enforcement proceeding.  The Company was engaged in multinational freight forwarding... Read more →

by   |   June 16, 2017

SEC Charges Chief Compliance Officer with AML Violations

Broker-Dealer, Litigation The SEC announced that John David Telfer, the former chief compliance officer and anti-money laundering (AML) officer of a registered broker-dealer, agreed to a securities... Read more →

by   |   June 14, 2017

Trump Administration Plan for Financial Regulation Includes Reducing Regulatory Compliance Activities for Bank Boards

Banking, Trump The U.S. Department of the Treasury today issued its first in a series of reports to President Donald J. Trump examining the United States’ financial regulatory system. Appendix... Read more →

by   |   June 12, 2017

US Capitol Building

U.S. House of Representatives Pass Bill That Would Dismantle Many Aspects of Dodd-Frank

Banking, CFPB On June 8, 2017, the U.S. House of Representatives passed the Financial CHOICE Act, a bill designed to replace many of the financial regulations imposed by Dodd-Frank.  Among... Read more →

by   |   June 8, 2017

Separate Shareholder Vote to Approve Insider Transaction Found Coercive Under Corwin

M&A Sciabacucchi v. Liberty Broadband Corporation (Del. Ch. 2017) involved Charter Communications, Inc.’s (“Charter” or the “Company”) acquisition of Bright House... Read more →

by   |   June 6, 2017

PCAOB Approves Expanded Auditor’s Report to Require Communication of Critical Audit Matters

Public Companies and Securities The Public Company Accounting Oversight Board adopted a new auditor reporting standard that will require more information about the audit. The new standard is subject to SEC... Read more →

by   |   June 1, 2017