2020 NASAA/SEC 19(d) Virtual Conference

2020 NASAA/SEC 19(d) Virtual Conference

Dear NASAA Members,

The Board met earlier today and approved a plan to move the May 3rd Business Meeting to May 4th and to hold the meeting through a webinar or other virtual platform in lieu of an in-person gathering. The 19(d) meeting, Public Policy Conference and Congressional Hill Visits scheduled for May 4th and 5th respectively will be cancelled. We regret having to cancel the in-person meeting but believe that the decision is appropriate in light of public health concerns regarding the spread of COVID-19, guidance from the CDC, and various state travel restrictions. We will provide additional details regarding the timing of the meeting and how to participate in the near future. Our plan is to pick up with our training events and meetings in June but, as you know all too well this remains a fluid situation and we may need to revisit that plan in the coming weeks.

If you have booked airfare for the May events, NASAA will reimburse the full cost of airline tickets that could not be used due to cancellation of NASAA events. Please request refunds and/or credits from the airlines when cancelling your flight. When requesting reimbursement from NASAA of the unused airfare through Concur, please include copies of the airline ticket and the credit received, if any. NASAA will reimburse you for the full amount of the unused air travel and will keep track of the credit you may receive from the airline, which should be applied towards future NASAA-related travel.

If you have questions about hotel rooms, please contact Lonnie Martin (lm@nasaa.org) or Nichol Bizjak (nb@nasaa.org).  For questions regarding reimbursements for travel expenses, please contact Kaprina Robinson (kr@nasaa.org) or Matt Duran (md@nasaa.org).

Although we will not be able to meet in person this spring, I look forward to speaking with everyone on May 4 and hopefully seeing many of you in Richmond in July.

NASAA/SEC 19(d) Virtual Conference

Opening Remarks
Commissioner Allison Lee, U.S. Securities and Exchange Commission

Christopher W. Gerold, NASAA President and New Jersey Bureau of Securities
2:00 p.m. – 2:10 p.m.

Regulator Responses to Registrants
2:10 p.m. – 2:45 p.m. 
In this session, regulators will describe the relief and guidance provided to date to registrants, including issuers, investment companies, broker-dealers, investment advisers and associated individuals.  Each regulator will describe its efforts to date and issues raised by registrants.  Discussion should center around what further steps could or should be taken.  

David Nicolardi, U.S. SEC, Investment Management 
Michael Seaman (Corp Fin) 
Christopher Gerold, NASAA President and New Jersey Bureau of Securities
Devin Ryan, U.S. SEC, Trading and Markets 
Denise Landers, U.S. SEC, Trading and Market  
Jennifer Zepralka, U.S. SEC
Charlie Guidry, U.S. SEC
Jeanette Wingler, FINRA

2:45 p.m.– 2:50 p.m.

Examination Issues
2:50 p.m.– 3:25 p.m.
In this session, regulators will describe the challenges of scheduling and conducting examinations in the current environment, including handling cause examinations and limitations on physical visits.  Another focus of this session will be plans to examine compliance with Regulation Best Interest, including discussions of OCIE’s recent risk alerts, NASAA’s registrant survey and examination plans, and FINRA’s readiness efforts.

Lourdes Gonzalez, U.S. SEC
John Polise, U.S. SEC, OCIE
Denise Landers, U.S. SEC, Trading and Markets
Jennifer Zepralka, U.S. SEC
Charlie Guidry, U.S. SEC
Andrea Siedt, Ohio Securities Division
Stephen Bouchard, New Jersey Bureau of Securities
Nicole McCaffery, FINRA

Protecting Investors
3:30 p.m.– 4:05 p.m.

In this session, regulators will describe enforcement actions, surveillance efforts, noticed trends, investor complaints and concerns about what forms of fraud may emerge.  Another focus will be on mutual efforts to educate investors regarding market conditions and to be wary of frauds.  Discussion should focus on ways to collaborate further.

Lori Schock, U.S. SEC, OIEA
William Hicks, U.S. SEC, OIEA
Owen Donley, U.S. SEC, OIEA,
Jennifer Zepralka  [zepralkaj@sec.gov], Charlie Guidry [guidryc@sec.gov]
NASAA - Lynne Egan (MT), Joe Borg (AL)
FINRA - Chris Kelly, Deputy Head of Enforcement
The Washington Court Hotel 525 New Jersey Avenue Washington, DC 20001
Registration not available.

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