Regulation and Compliance Conference

September 9, 2008 - New York, NY

FINRA’s new conference addresses regulatory requirements and compliance practices of larger broker-dealers and other firms with multi-faceted—and on many occasions, global—business models. Workshops provide opportunities for regulators and industry peers to discuss strategies and solutions for regulatory matters that attendees find most urgent.  

Agenda: Tuesday, September 9, 2008
7:30 a.m. – 8:30 a.m.	Registration and Continental Breakfast
8:30 a.m. – 9:00 a.m.	Welcome Remarks Grace Vogel, FINRA
9:00 a.m. – 10:15 a.m.	Plenary Session – Emerging Regulatory Issues Jim Donovan, FINRA  Steve Luparello, FINRA Marc Menchel, FINRA Tom Selman, FINRA
10:15 a.m. – 10:30 a.m.	Break
10:30 a.m. - 12:00 p.m.	Concurrent Sessions I  Global Trading in Dynamic Markets Jamie Brigagliano, U.S. Securities and Exchange Commission   Tom Gira, FINRA  Elliot Levine, FINRA  John Malitzis, NYSE  Nancy Reich, Merrill Lynch  Greg Johnson, JPMorgan     Current Operational Challenges   Jeff Bernstein, JPMorgan   Cheryl Geremia, Deutsche Bank   Jackie LiCalzi, Morgan Stanley  Anand Ramtahal, FINRA  Bill Wollman, FINRA
12:00 p.m. – 1:15 p.m.	Luncheon Presentation
1:15 p.m. – 2:45 p.m.	Examination and Enforcement Priorities   Bill Brodows, The Federal Reserve  Bob Errico, FINRA  Tom Gira, FINRA  Susan Merrill, FINRA  Dan Sibears, FINRA  Grace Vogel, FINRA
2:45 p.m. – 3:00 p.m.	Break
3:00 p.m. – 4:30 p.m.	Concurrent Sessions II    Managing Conflicts Across Multi-Line Businesses   Susan Axelrod, FINRA  Stuart Breslow, Morgan Stanley  Alan Cohen, Goldman Sachs  David DeMuro, Lehman Brothers Inc.  Gary Goldsholle, FINRA  Mike Rufino, FINRA     Managing Risk in Volatile Markets  Gary DeWaal, Newedge Group  Louis Rauchenberger, JPMorgan Rich Sussman, Goldman Sachs  Paolo Tonucci, Lehman Brothers Inc.  Grace Vogel, FINRA
4:30 p.m.	Adjourn

 

Session Descriptions

Emerging Regulatory Issues and Priorities
FINRA executive management discuss emerging issues and hot topics in the context of significant change in the marketplace. In recent months, turmoil in the markets and at broker-dealers has exposed new problems and concerns covering a range of subjects, which the panel will discuss. The panel also addresses the consolidation of the legacy NASD and NYSE rulebooks.

Global Trading in Dynamic Markets
Industry experts discuss trading surveillance in global markets, including insider trading, market manipulation and best execution in a post-Reg NMS environment. Compliance aspects of the ongoing globalization of markets are also highlighted. Other topics include best practices and compliance issues related to direct market access, trading of complex and derivative products, mark-ups and TRACE requirements.

Current Operational Challenges
Experts raise current operational issues during this session, including how integrating operational controls and compliance can help firms meet regulatory requirements. Panelists analyze the compliance and supervisory aspects of a number of operational areas, including outsourcing, system conversions and customer privacy. Attendees also learn about regulatory red flags and operations-related examination findings and enforcement cases.

Examination and Enforcement Priorities
Regulators discuss timely and significant areas of regulatory concern in firms’ sales practices and financial operations. This session also looks forward to 2009 and delineates priorities for the coming year. Panelists discuss examination and enforcement processes, including coordinated activity among regulators, and the consolidation of NASD and NYSE Member Regulation.

Managing Conflicts Across Multi-Line Businesses
This session focuses on business practices that have a tendency toward conflicts of interest in larger broker-dealers with multiple lines of business. The discussion highlights practical steps firms can take to prevent conflicts, or ensure that they are appropriately managed. Specific discussion areas include research, information barriers, gifts and entertainment, and creating and maintaining a culture of compliance.

Managing Risk in Volatile Markets
Industry experts discuss risk management, internal controls and related best practices. Panelists share and detail “lessons learned” in light of this year’s market turmoil. Specific areas for discussion include the subprime mortgage market, product controls, pricing and valuation, and rogue trading activity. Regulators also discuss the implications of failing to adequately assess risk, particularly in the context of novel, complex financial products.

 

Hotel Information

 

Regulation and Compliance Conference will be held at:

 

The Waldorf Astoria 

301 Park Avenue

New York, NY 10022

Phone: (212) 355-3000

Fax: (212) 872-7272

Reference: FINRA Program

Web: http://www.hilton.com/en/wa/groups/personalized/NYCWAWA-FRC-20080905/index.jhtml

 

A room block is available at The Waldorf=Astoria at the special rate of $409 per night, plus tax. This rate is available until August 18, 2008, or until the room block is sold out. After August 18, 2008, hotel reservations will be accepted on a rate- and space-available basis. Hotel reservations, cancellations, and charges are the responsibility of the attendee. To reserve a room, please call (212) 355-3000 or (877) 476-8792 and ask for the FINRA group rate. Or, to make reservations online, visit: http://www.hilton.com/en/wa/groups/personalized/NYCWAWA-FRC-20080905/index.jhtml.

 

Registration & Fees

 

	Early Registration Rates Before or on August 29	Regular Registration Rates After August 29
Member	$650	$750
Non-Member	$1,000	$1,100

 

 

How to Register

 

Online	Online registration is for credit card transactions ONLY. To register using this method, complete the online registration form.
Mail	Print out and complete the downloadable registration form and send payment and form to the address below with a check made payable to FINRA:   FINRA Conference Registration Attn: FINRA Regulation and Compliance Conference P.O. Box 7777-W8440 Philadelphia, PA 19175-8440
Fax	Fax registration is for credit card transactions ONLY. Fax the completed downloadable enrollment form to FINRA at (202) 728-6956.
Phone	Registration over the phone is for credit card transactions ONLY. (212) 858-4119

 

 

Conference registration is limited and available on a first-come, first-served basis. Payment is required at the time your registration is submitted. Registrations without payment are considered incomplete and therefore are not processed.

Registration may not be sent via overnight mail. Checks are sent directly to a bank lockbox, and P.O. boxes do not accept courier or overnight deliveries. Early-bird registration fees will be granted to all registrations postmarked on or before August 29, 2008.

You will receive an email confirmation of your registration within two weeks of receipt of your completed registration form and payment. Please make sure your registration has been confirmed prior to your arrival onsite at the conference.

FINRA suggests that you do not purchase restricted or nonrefundable tickets for travel to the conference, especially prior to receipt of your registration confirmation. FINRA assumes no liability for penalties or fare increases should the conference sell out or in the unlikely event that changes to the conference date and/or location become necessary.

Volume Discounts Available: Call (212) 858-4119 or email for additional details.

CPE Credit
CPE credit is available for the Regulation and Compliance Conference. CPE Course Level: Overview

Cancellation Policy
Refunds for registration, less a $75 processing fee, will be granted for written requests received 14 days or more prior to the start date of the conference. We regret that refunds will not be available after August 16, 2008.

Questions, Comments or Complaints
If you have questions or comments about this conference, or would like information about administrative policies such as reporting or resolving a complaint about conferences, please call (212) 858-4119 or email.