Dodd-Frank Part V: Sarbanes Relief at Last 2

As I write this taking a break from the M&A conference I’m speaking at in Chicago, Pres. Obama is speaking before signing the historic Dodd-Frank bill. By the way, I’ve changed my mind and no longer want to call it “Dank.” I thought it was a cute combination of Dodd and Frank, but I thought ...

Dodd-Frank ("Dank") Part IV: Not the End!

A memorandum from law firm Davis Polk & Wardwell makes it clear. The Dodd-Frank securities regulatory reform bill (I started calling it “Dank”) is just the beginning of reform. Much of the bill relates to instructing various agencies to conduct 243 rulemakings and 67 studies, according to the DPW memo. As mentioned in the prior part ...

Dodd-Frank ("Dank") Part III: "Accredited Investor" Definition Changed

Another meaningful change in the Dank bill affecting smaller companies: the definition of accredited investor as used in SEC Regulation D. When an offering is made under Reg D, a safe harbor is created assuring that the offering is not treated as a public offering. A key to this determination is to see how many ...

Dodd-Frank Part II: Managing Systemic Risk

Yesterday the US Senate passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, following the House of Representatives doing the same late last month. Last thing to do: Mr. Obama has to sign it. He will. When? Soon. On the news this morning he seemed very concerned about his daughter starting camp. But yes ...

Dodd-Frank Part I: Fund Adviser Registration

It appears the Senate is poised to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act in the next day or so, following the House’s passage late last month. The President is ready to sign it, possibly this weekend. Will Dodd and Frank’s names become as synonymous with securities law changes as Sarbanes and ...