Dodd-Frank.com

SEC Follows CFTC in Granting Swap Relief

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The SEC has provided guidance as to which of the Title VII requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act will apply to security-based swap transactions as of July 16, the effective date of Title VII. It also granted temporary relief to market participants from compliance with... Read More

Topics: Uncategorized

PCAOB Adopts Interim Inspection Program for Broker-Dealer Audits

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The Public Company Accounting Oversight Board has adopted certain rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to audits of securities brokers and dealers. Specifically, the PCAOB adopted a temporary rule to establish an interim inspection program for registered public accounting firms’ audits... Read More

Topics: Broker-Dealer, Uncategorized

Test Your Knowledge of the Whistleblower Rules – Part II

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We received favorable feedback on our article “Test Your Knowledge of the Whistleblower Rules,” so we thought a continuation would be appropriate.  Some specific factual questions and responses are set forth below.   1.         HighTech Corp. read the whistleblower rules carefully and noted that they do not specifically prohibit employees... Read More

Topics: Employment, Public Companies and Securities, Uncategorized

SEC Proposes Rule to Require Ratings Agencies to File Reports Regarding Internal Controls

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 The SEC has proposed new rules and amendments intended to increase transparency and improve the integrity of credit ratings.  The proposed rules would implement certain provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and enhance the SEC’s existing rules governing credit ratings and Nationally Recognized Statistical Rating... Read More

Topics: Public Companies and Securities, Uncategorized

SEC Official States Compliance Examinations of Registered Advisers to Private Equity Funds Will Consider Conflicts of Interest and Offers Guidance on Use of Expert Networks

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In remarks before the IA Watch Annual IA Compliance Best Practices Seminar, Carlo V. di Florio, Director, Office of Compliance Inspections and Examinations, or the OCIE,  of the SEC, offered his views on some matters of import to private equity groups and hedge funds. Private Equity Groups and Conflicts of... Read More

Topics: Investment Advisers, Private Equity, Uncategorized

Span-America Has It Their Way When It Recasts Say-on-Pay Frequency Results

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It was bound to happen.  Some of this you cannot make up. Span-America proposed a non-binding frequency proposal of every two years.  The initial 8-K indicated an annual preference (630,375 votes) instead of a biennial preference (607,743). But wait.  An 8-K/A has been filed recasting vote results.  Annual votes  of ... Read More

Topics: Executive Compensation, Public Companies and Securities, Uncategorized