Dodd-Frank Wall Street Reform and Consumer Protection Act: Understanding When and How the Act Will Impact You
No Easy Road - Developing a Fiduciary Standard for Broker-Dealers
July/August 2010 Reprinted with permission NSCP Currents
Legal Alert: CFTC and SEC Accepting Comments on Dodd-Frank Rulemaking
August 19, 2010
A Herculean effort is underway to implement the myriad regulatory changes mandated or authorized by passage of the Dodd-Frank Wall Street Transparency and Accountability Act of 2010 (Act), as Federal regulators feverishly work to develop the numerous rules and regulations within required time periods. Recognizing the enormity of the rulemaking task before them, both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have requested comments on various rules to be promulgated under Title VII of the Act, even before the rules have been drafted or published for public comment. These requests for comment provide derivatives market participants an excellent opportunity to constructively participate in the rulemaking process at its earliest stages.
Legal Alert: Impact of Dodd-Frank Wall Street Reform and Consumer Protection Act on Broker-Dealers
August 16, 2010
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act), bringing to a close the national debate over the appropriate regulation of the financial markets that began with former Treasury Secretary Henry Paulson's white paper in March 2008. We would like to share with you our thoughts on the likely impact of the Act on broker-dealers.
Platts Energy Week 8.15.10 - Regulating Wall Street
August 15, 2010
Jacob Dweck discusses the impact of the Dodd-Frank Act on the energy industry and energy trading.
Legal Alert: The Dodd-Frank Act: A New Era of Financial Regulation and the Implications for the Insurance Industry
August 3, 2010
On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Act) into Law. The passage of the Act ends the first, lengthy chapter of financial services reform that in many ways began with the 2008 collapse of Bear Stearns and accelerated with the continued struggles of financial services firms throughout the next years. The next chapter, which will include hundreds of rulemakings and studies, along with the likelihood of "clean-up" legislation as early as the next session of Congress, will play a pivotal role in determining the detail brush-work on the new regulatory regime whose broad-brush strokes were set forth under the Act.
Dodd-Frank: Friend or Foe of CRE?
August 2, 2010 - Posted with permission Atlanta Business Chronicle "Real Talk"
The Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") recently signed into law by President Obama represents a sweeping regulatory overhaul of the banking and financial services industries. The wisdom of the legislation has been subject to heated debate among pundits and politicians alike. Some believe that the law will strangle free enterprise and make our financial institutions less competitive and innovative, while others believe that Wall Street ran amuck and that this law will protect Main Street from future financial meltdowns.
Obama Signs H.R. 4173
July 21, 2010 - Reprinted with permission National Underwriter Life & Health, www.lifeandhealthinsurancenews.com
For life insurance agents and brokers, an important aspect of the Dodd-Frank Wall Street Reform and Consumer Protection Act is Section 913. This Section requires the U.S Securities and Exchange Commission to study the standard of care that sellers of securities should follow, then develop a standard-of-care regulation. In his article entitled "Obama Signs H.R. 4173" published in National Underwriter Life & Health, Arthur D. Postal interviews Sutherland Partner Eric A. Arnold about Section 913. To read Eric's comments and the full article, click on the link above.
Financial Reform 101- For Broker-Dealers
July 27, 2010 - Reprinted with permission Law360, www.law360.com
The Dodd-Frank Wall street reform and Consumer Protection Act - passed by Congress on July 15, 2010 and signed into law by President Obama on July 21, 2010 - is the culmination of years of debate and negotiation over the scope of reform in the financial services industry.
One of the most contentious topics debated by Congress was whether to adopt a uniform and enhanced fiduciary standard to be applied to all relationships between broker-dealers and their retail clients. Despite immense pressure to adopt such a standard, the act falls well short of imposing a uniform standard.
Legal Alert: Final Version of Financial Regulatory Reform Bill Establishes New Landscape - Critical Details Left to Regulators
June 30, 2010
One year after being proposed by the Obama Administration and after months of negotiation, which ended in an all-night conference session of key legislators, a final version of financial regulatory reform legislation has been produced. More than 2,000 pages long, the newly renamed "Dodd-Frank Wall Street Reform and Consumer Protection Act" (Dodd-Frank Bill) includes provisions that will dramatically change the derivatives market. Now that the text of this financial reform legislation has been finalized, focus must shift to the potentially more important future rulemakings mandated by the bill that will dictate how the reforms within the Dodd-Frank Bill are put into practice. Certain significant rulemakings are enumerated in a chart attached to this alert.
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Roadmaps
Title II - Key Provisions and Regulatory Rulemakings
Title III - Key Provisions and Regulatory Rulemakings
Title V - Key Provisions and Regulatory Rulemakings
Title VI - Key Provisions and Regulatory Rulemakings
Title VII- Key Provisions and Regulatory Rulemakings
Events
Argus Oil Market Regulation Summit 2010
September 1, 2010
2010 BDC Roundtable
September 13-14, 2010
Dodd-Frank and the New Regulatory Regime for Advisers
September 21, 2010
Executive Compensation: What's New and Yet To Do in 2010
September 29, 2010
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