2021 NASAA Fintech and Cybersecurity Symposium

The 2021 NASAA Fintech and Cybersecurity Symposium is a half-day event that will gather professionals from the fintech and cybersecurity industries, regulation, and higher education to discuss issues related to fintech and cybersecurity. Attendees will hear presentations and panel discussions pertaining to Decentralized Finance (DeFi) protocols and the concept of a central mover for regulatory enforcement. We will also discuss the potential for conflict, and the need to assess responsibility, when firms employ third-party services and products for cybersecurity compliance programs. Register now to join us for this great day of learning.

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Agenda

Tuesday, December 14, 2021

12:00 p.m. –1 2:10 p.m. (EST)
Introductory and Opening Remarks

Jillian Lazar, Chair, NASAA FinTech Committee and Director of Investor Protection
Delaware Investor Protection Unit

Melanie Senter Lubin, NASAA President and Securities Commissioner
Maryland Division of Securities

12:10 p.m. – 12:30 p.m. (EST)
Keynote Address
Jonathan Rajewski, Managing Director of Digital Forensics and Incident Response, Stroz Friedberg

12:30 p.m. – 12:40 p.m. (EST)
Break

12:40 p.m. – 1:55 p.m. (EST)
The Future of Decentralized Finance (DeFi): What if there is no center to hold?
DeFi, or decentralized finance, refers to financial services offered on the blockchain through automated computer codes. It is more than just crypto coins: unlike traditional finance that has a central company or group of companies responsible for transferring funds, matching counterparties, setting terms, and settling, DeFi protocols are created to eliminate the "central" human middleman, thereby removing the financial institutions with which regulators would typically interact.   DeFi promises faster transactions and lower costs (labor, fees), which are catnip to companies and investors.  But what about investor protection and fair market principles?  If there is no center, to whom should regulators look to hold responsible for investor protection?  And is there really no center for regulatory purposes?  This panel will look to unpack what "decentralization" means to the industry, what it means to regulators and whether there needs to be a new idea of a central mover that regulators can use to enforce investor protection.

 Moderator:
Tung Chan, Colorado Division of Securities

Panelists:

• Jason P. Gottlieb, Morrison Cohen, LLP
• Gary DeWaal, Katten 
• Chris Brummer, Georgetown University Law Center
• Mark Boiron, General Counsel, dYdX

1:55 p.m. – 2:05 p.m. (EST)
Break

2:05 p.m. – 3:20 p.m. (EST)
Regulation Along the Continuum: Self-serving or Self-defeating?
Cybersecurity rules and regulations enhance the protection of consumer data and provide firms a level of confidence and assurance when properly in compliance. Many firms, however, must rely on third parties and other outside products in an effort to meet these compliance standards, but what if the third-party services and products, which were once part of a robust compliance program are no longer supportive, but rather, conflictive? Where is the line drawn on responsibility and what factors should influence its placement?

Moderator:
Matthew Vatter, Minnesota Department of Commerce

Panelists:

• Salvatore Montemarano, U.S. Securities and Exchange Commission
• FINRA
• Catherine Rudow, Nationwide
• Dan Sanderson, CyberAdvisor

3:20 p.m. - 3:30 P.m. (EST)
Closing Remarks  

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For additional information please email us at register@nasaa.org.