Tuesday, September 1, 2020
1:30 p.m. – 2:00 p.m.
President-elect Fireside Chat
West Virginia Securities Commission
New Jersey Bureau of Securities
2:05 p.m. – 2:55 p.m.
Reg. BI: Two Months In – Is This Standard Delivering on Its Promise?
2020 has been an incredibly active year in Broker-Dealer regulation. This panel will address the effectiveness of RegBI since it was implemented on June 30, 2020. The panelists will provide insights and report on general progress post-implementation, as well as expectations at present, developments in the immediate future and predictions for long-term impacts. Our panel includes stakeholders who will advance this conversation with targeted discussion topics.
Moderator: Leslie Van Buskirk, Wisconsin Department of Financial Institutions
Panelists: Andrea Seidt, Ohio Department of Commerce; Gail Bernstein, Investment Advisers Association; Barbara Roper, Consumer Federation of America; Ira Hammerman, SIFMA; Chris Besko, Manitoba Securities Commission
3:10 p.m. – 4:00 p.m.
Recent Developments in Corporation Finance
Join us as our panel discusses developments in the corporation finance area. We will focus on recent regulatory initiatives and revisions to state guidelines, new functionality in the Electronic Filing Depository, Reg BI's impact on corporation finance, secondary trading considerations, and NASAA's comment letters in response to federal proposals including the SEC's Concept Release: Harmonization of Securities Offering Exemptions.
Moderator: Melanie Senter Lubin, Maryland Division of Securities
Panelists: Peter Cassidy, Massachusetts Securities Division; Mark Heuerman, Ohio Department of Commerce; Faith Anderson, Washington Department of Financial Institutions; Richard Alvarez, Law Office of Richard I. Alvarez; Jo-Anne Matear, Ontario Securities Commission
4:15 p.m. – 5:05 p.m.
Ensuring Quality Advice in Uncertain Times: Continuing Education and Evolving Fee Models
2020 has been an extraordinary year with unique challenges because of the Covid-19 pandemic. Investment advisers and regulators alike have faced unexpected circumstances that have required creative responses. In addition to the Covid-19 related disruptions, they have seen shifting attitudes on how clients should pay for investment advice. During this panel, the Chair of NASAA’s Investment Adviser Section will provide a summary of the work done by the section’s project groups, followed by a presentation from the Chair of the Investment Adviser Representative Continuing Education Committee updating the status of its continuing education proposal. The session will conclude with members of the Regulatory Policy and Review Project Group and industry stakeholders having a discussion on alternative fee models and how those fee models may or may not be “reasonable” under state securities laws.
Introduction: Alex Glass, Indiana Securities Division and Linda Cena, Michigan Corporations, Securities & Commercial Licensing Bureau
Moderator: Steve Brey, Michigan Corporations, Securities & Commercial Licensing Bureau
Panelists: Kevin Moquin, New Hampshire Bureau of Securities Regulation; Maureen Thompson, Certified Financial Planner Board of Standards, Inc.; Barbara Roper, Consumer Federation of America
Wednesday, September 2, 2020
1:30 p.m. – 2:20 p.m.
Protecting Seniors During Times of Increased Social Isolation
This panel will focus on the consequences of social isolation on seniors and vulnerable adults. Liz Loewy, a former prosecutor for the Manhattan District Attorney’s Office and co-founder of EverSafe, an organization focused on protecting elders, will present statistics and valuable information on how to mitigate the effects of social isolation on seniors, especially during the pandemic. The NASAA Life Stages Project Group will premier its most recent podcast of “Real Life Regulators”, bringing attendees the story of a COVID-19 related scam. Finally, the NASAA Senior Outreach Project Group will introduce its new toolkit for Caregivers.
Moderator: Lynn Egan, Montana Securities Department
Panelists: Liz Loewy, EverSafe; Tina Kotsalos, Pennsylvania Department of Banking and Securities; Bernice Geiger, New Mexico Securities Division
2:35 p.m. – 3:25 p.m.
What’s new in the world of CRD/IARD
This panel will feature a policy discussion of recent initiatives in the area of continuing education and expungement and highlight changes to the CRD system for regulators and industry.
Moderator: Andrew Hartnett, Iowa Securities Bureau
Panelists: Tory Crane, FINRA; Noah Egorin, FINRA; Natasha Hurt, NASAA; Rodney Griess, Nebraska Department of Banking & Finance Bureau of Securities, Melanie Senter Lubin, Maryland Division of Securities
3:40 p.m. – 4:30 p.m.
Developments and Trends in Enforcement
Our moderator and panelists will discuss developments and trends in state and provincial securities enforcement, with an emphasis on NASAA's 2020 Enforcement Report and multijurisdictional enforcement work, including NASAA’s international sweep of investment scams tied to COVID-19. Conference attendees are invited to attend this far-ranging discussion on emerging threats, senior investment fraud, sales practice abuses, and critical enforcement cases.
Moderator: Joseph Borg, Alabama Securities Commission
Panelists: Marc Berger, U.S. Securities and Exchange Commission; Richard Foelber, Commodity Futures Trading Commission; Jessica Hopper, FINRA; Joe Rotunda, Texas Securities Board
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