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

Yahoo/Altaba Agree to $35 Million SEC Penalty for Failure to Disclose Massive Security Breach

SEC logo

Litigation, Public Companies and Securities In perhaps the SEC’s first major shot across the bow, Yahoo (now known as Altaba) has agreed to pay the SEC $35 million for failure to disclose a massive security breach to its investors. I’m guessing Equifax, Facebook and a few others are evaluating this result with interest. According to the SEC’s order, within days […] Read more →

by   |   April 24, 2018

SEC logo

SEC Proposes Regulation Best Interest for Broker-Dealers

Broker-Dealer, Investment Advisers The SEC has proposed two rules and an interpretation to address retail investor confusion about the relationships that they have with investment professionals and the harm that... Read more →

by   |   April 18, 2018

SEC Clarifies Need for GAAP Reconciliations for Forecasts Used in Business Combinations

M&A, Public Companies and Securities The SEC previously noted in a Compliance and Disclosure Interpretation that financial measures included in forecasts provided to a financial advisor and used in connection with a... Read more →

by   |   April 4, 2018

ISS Updates FAQs on U.S. Proxy Voting Research and Policies

Public Companies and Securities ISS has updated its frequently asked questions on U.S. Proxy Voting Research Procedures & Policies (Excluding Compensation-Related). New and updated questions include: When... Read more →

by   |   April 2, 2018

“True Lender” Litigation on the Rise: Recent Litigation and Enforcement Actions Challenge Traditional Bank Partnership Model

Banking, Consumer Protection, Litigation Over the last two years the financial industry has seen an uptick in litigation and enforcement actions aimed at banks and their non-bank lending partners. These actions have... Read more →

by   |   April 2, 2018

Advocacy Group Requests SEC to Investigate Irregularities in Pay Ratios

Executive Compensation, Public Companies and Securities An advocacy group, Public Citizen, has requested the SEC to investigate irregularities and inconsistencies in pay ratios reported by public companies. According to the group’s... Read more →

by   |   March 29, 2018

US Capitol Building

Hensarling Pressures Senate to Negotiate Dodd-Frank Reform

Banking, Public Companies and Securities On March 14, 2018, the Senate passed the Economic Growth, Regulatory Relief and Consumer Protection Act which has been billed as Dodd-Frank reform. Some refer to it as the... Read more →

by   |   March 28, 2018

Updates to Minnesota Corporate Laws

M&A, Public Companies and Securities The Minnesota legislature is on the verge of approving several changes to the Minnesota Business Corporation Act, Chapter 302A of the Minnesota Statutes (the MBCA), in order to... Read more →

by   |   March 22, 2018

Fintech Company Subject to SEC Enforcement Action for Exceeding Rule 701 Option Grant Limit

Employment, Executive Compensation, Litigation, Public Companies and Securities Subject to its limits, Rule 701 permits non-reporting companies to grant employees equity without registration under the Securities Act of 1933.  One component of Rule 701... Read more →

by   |   March 17, 2018