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by Mark J. Magyar On July 15, 2015, the Consumer Financial Protection Bureau (“CFPB”) published on its website the written testimony of CFPB Director Richard Cordray before the Senate Committee on Banking, Housing, and Urban Affairs. In...

by Edmund D. Harllee and Alan B. Clark On Wednesday, August 27, the Board of Governors of the Federal Reserve System (the “Board”) published in the Federal Register proposed rules and a request for public comment to repeal its Regulation...

The Dodd–Frank Wall Street Reform and Consumer Protection Act was signed by the President on July 21, 2010. Quite a different world then. Some, like its namesakes, think it has made our banking and economic system safer and has been successfully...

There has been a lot of focus on the effect of Dodd-Frank on private fund managers. Many had relied on the small adviser exception from registration. If you had fewer than 15 clients (funds) you were exempt from regulation. With the loss of that exclusion...

The SEC brought its first enforcement action centered on corporate restrictions which could impact employee whistleblowers, deterring them from reporting to the agency. Specifically, the Commission alleged that a policy at KBR, Inc. which precluded the...

By Carrie E. Cope, Shareholder, Schuyler Roche & Crisham, P.C. At one point or another, the availability of insurance has a substantial, and sometimes dramatic, impact on our lives. At the consumer level, it can mean the affordability of life...

WASHINGTON, D.C. - (Mealey's) The Securities and Exchange Commission on May 25 adopted 17 new rules providing for whistle-blower incentives and protection under the Securities Exchange Act of 1934, bringing it in compliance with the Dodd-Frank...

Whistleblowing is considered the most effective method of detecting large corporate frauds. For example, Cynthia Cooper and Sharon Watkins are famous whistleblowers who spilled the beans on the frauds at WorldCom and Enron, respectively. Unfortunately...

Securities Docket produced a webcast " Corporate Compliance after Dodd-Frank: One Voice; How Many Masters? " that focused on the SEC's proposed new whistleblower rules and their implications for internal controls and compliance programs...

On Friday, The Securities and Exchange Commission will be considering rules that should be of interest to private investment fund managers. It looks like we may have the first look at how the SEC will define a venture capital fund and who will fit...

by Kristy T. Harlan and Vincent J. Pisano On July 21, President Obama signed the Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). A change to the definition of "accredited investor" under the Securities Act of 1933...

On July 14, 2010, the Securities and Exchange Commission (SEC) voted unanimously to issue a concept release seeking public comments on a variety of facets of the U.S. proxy system. Termed "proxy plumbing" because of the extensive nature of...

A critical component of the SEC’s whistleblower program is the anti-retaliatory provisions of Exchange Act Section 21F, added to the statute by the Dodd-Frank Act. To implement that provision the Commission promulgated two rules. The first, Exchange...

Among the many innovations introduced in the massive Dodd-Frank Wall Street Reform and Consumer Protection Act enacted this past July are the new whistleblower provisions, designed to encourage employees and others to report securities law violations...

On July 21, 2010 President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act ("the Act") [accessible by lexis.com subscribers] , Pub. L. No. 111-203, 124 Stat. 1376 (2010), into law. Section 737 of the Act requires...