Partner Steve Quinlivan Quoted in LAW360 on New SEC Rules
Specifically, Steve addressed the agency's view that it has the power to regulate proxy advisory firms, saying "It all hinges on a validly adopted rule with the proper statutory authority to regulate them as a proxy solicitor."
Steve went on to address the SEC's more principles-based approach on regulatory matters in recent years.
"The SEC, to a certain extent, has fallen in love with principles-based rules," he said. "If it develops as intended, then they don't need to do anything. If people don't follow the principles, then they can get more prescriptive."
Steve practices primarily in the areas of mergers and acquisitions, REITs, sports law, securities and international transactions. He also has significant experience counseling boards of directors in corporate governance and liability-related issues. He is also a lead writer on Stinson’s Dodd-Frank blog.