Disgorgement is a remedy requiring a party who profits from illegal or wrongful acts to give up any profits they made as a result of that illegal or wrongful conduct. The purpose of this remedy is to prevent unjust enrichment and make illegal...
securities
disincentive
A disincentive is a something that persuades parties not to engage in certain conduct. Laws often create intentional and unintentional disincentives through criminal penalties, civil liability, and tax provisions.
For...
distribution
Distribution is the act of dividing assets to one of several beneficiaries, as named in a trust or a will by a court. Also refers to (i) the payment of capital gains from an investment company to shareholders upon the sale of securities or...
dividend
Dividends are the payment of a corporation's profits to its shareholders. Payment of dividends are not mandatory; rather, the board of directors may use its discretion to decide whether to invest the company's profits back into the company...
Dodd-Frank Act
Originally prepared by Heather Byrne, Jennifer Uren, and Jackeline Solivan of the Cornell Law School Securities Law Clinic.
The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in July 2010, made reforms to financial...
Dodd-Frank Act - Table of Contents
TITLE I
PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
Section 101-- Establishment; Administrative Provisions
Section 102-- Registration with the Board
Section 103-- Auditing, Quality Control, and Independence Standards and Rules
...
Dodd-Frank: Definitions
Terms Defined within the Dodd-Frank Act
Title I:
Financial Institution: 12 U.S.C. § 5462(5).
Nonbank Financial Company: 12 U.S.C. § 5311(a)(4)(B)....
Dodd-Frank: Title I - Financial Stability
Introduction
Title I expands federal research, evaluation, and oversight of large financial institutions in order to find efficient ways to manage risks to the financial stability of the United States. The Title establishes two new...
Dodd-Frank: Title II - Orderly Liquidation Authority
Introduction
Title II, the Orderly Liquidation provision of the Dodd-Frank Act, provides a process to quickly and efficiently liquidate a large, complex financial company that is close to failing. Title II provides an alternative to...
Dodd-Frank: Title III - Transfer of Powers to the Comptroller of the Currency, the Corporation, and the Board of Governors
Introduction
Title III streamlines the supervision of depository institutions and their holding companies by abolishing the Office of Thrift Supervision (OTS) and transferring its regulatory and rulemaking authority to the Office of the...