In July 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The regulations that will be enacted as a result of this legislation are extremely complex and wide-reaching, and will affect many types of businesses across the board. Whether you are a public or private company, a financial institution, an investment advisor, an insurance company, or a business that does business with those types of companies on a regular basis, this financial regulation can and likely will have an impact on how you conduct business.
We continue to closely monitor the activity around this act and work to inform clients about any potential changes that will be required as a result of this act's passage. The consequences of the act to your business could be unintended, and we plan to stay on top of the coming regulations and developments related to changes initiated by the act, so that we can proactively keep you informed as to how best to proceed.
We have experience in decoding and simplifying complex legislation such as this act and the forthcoming regulations related to it. Our work with clients on similar matters in the past, including the "whistleblower" act and the complex infrastructure stimulus package that was passed in 2009, have strengthened our ability to assist clients in proactively protecting their businesses and with staying compliant with ever-changing rules from Washington.
Our multidisciplinary approach, combined with our strong commitment to client service, makes Thompson Hine your best choice to handle any and all matters related to the Dodd-Frank reform act and its ensuing regulatory changes. We will work closely with you to make sure you understand how your business is affected as well as how it could affect your customers, and will manage your time and costs effectively while doing so.
As a result of the passage of this act, regulations are forthcoming that can and will affect many of our clients. We plan to issue a series of bulletins as these important regulations are enacted, and will provide links to all the relevant bulletins on this page. We suggest bookmarking this page so that you can return often and be kept abreast of the latest developments and how they may affect your business and your customers.