Exciting new series on “Voice, Body and Movement for Lawyers – How to connect with the jury and find Justice Through Dramatic Technique!”
Click here to find out moreThe Dodd-Frank Act has been hailed as the most significant financial reform legislation since the passage of the Federal Securities Laws in the 1930s. The SEC is required to write dozens of regulations and undertake numerous studies. Chairman Mary Schapiro recently told Congress that the agency will need another 800 employees to comply with its obligations under the Act. The key question, however, is whether the new provisions fit together with existing Enforcement initiatives to strengthen the program. Join Tom Gorman of Porter Wright Morris & Arthur LLP and David Seide of Curtis, Mallet-Prevost, Colt & Mosle LLP, who explore the impact today of key provisions of Dodd-Frank on SEC and financial services enforcement, including: • The impact of new Section 929I exempting the SEC from producing certain documents and whether it will be repealed; • Enhanced whistleblower provisions, their connection with new SEC cooperation initiatives and their impact on FCPA and financial fraud enforcement; • Enhanced FCPA reporting requirements and whether they will aid the new SEC FCPA enforcement groups; • Enhanced extraterritorial provisions and their impact in key cases, such as the new Moody's Investors Services Section 21(a) report, on rating agencies and other registrants; • New aiding and abetting provisions and whether they extend the reach of enforcement; • The impact of the new penalty provisions in administrative proceedings and whether this will cause a sift from district court enforcement actions to administrative proceedings; • The expected impact of new rulemakings and reports on existing enforcement programs; • The New Consumer Financial Protection Bureau; • The New Council of Regulators; and • the impact of new studies of fiduciary duty obligations, the extension of aiding and abetting liability to private actions and the addition of the extraterritorial provisions to private actions.
