February 11, 2008
AMA Executive Conference Center
1170 Peachtree Street, 3rd Floor
Atlanta, GA
For directions and parking information please click here.
For hotel information, click here.
Meeting Sponsors
ACA Compliance Group
Alston & Bird LLP
ASHLAND
Bingham McCutchen LLP
Compliance Reporter
MyComplianceOffice
Simmons & Company International
Except where noted, all NSCP workshops are closed to the Regulators and members of the press.
General Session (8:15 am - 9:45 am)
Dialogue with area Regulators [GI] *
• Proposed Rules on Gifts and Entertainment
• Aftermath of Overturning Rule 202(a)(11) (the “Merrill Lynch Rule”)
• Regulatory Initiatives for New Books and Records Rules
• Review and supervision of electronic communications
• OCIE priorities; top deficiencies and future initiatives
Michael K. Wolenksy, Schiff Hardin LLP
Katherine Addleman (“Kit”), SEC Atlanta Regional Director
Daniel J. Stefek, FINRA Atlanta District Director
* Note that this General Session above is the only session which regulators and members of the press may attend.
Workshop Session I (10:00 pm - 11:00 pm)
(a) Safeguarding and Protecting Confidential Client Information
• 2007 Presidential Task Force Report
• Proposed Model Privacy Notice Form
• Precautions to protect against identity theft: portable devices and other risk areas
• Transitioning representatives (the NEXT financial case)
• Safeguarding customer information - best practices
Kenneth I. Daniels, Compliance and Litigation Consulting
James E. Ballowe, Jr. E*TRADE Brokerage Holdings, Inc.
(b) Developing, Testing and Maintaining Business Continuity Plans
• What every BCP must contain
• The essential elements of Succession Planning
• Communication with clients during significant business disruptions
• Annual testing and training
• Cost-effective solutions
Ivan Harris, Morgan, Lewis & Bockius LLP
Martha J. Matthews, FISCO LLC
Patricia Harrision, Simmons & Company International
Workshop Session II (11:15 pm - 12:30 pm)
(a) IA Roundtable – Risk Management Processes
• Preparing for the “new” SEC inspection process – New York’s proposed examination checklist
• IA Performance Marketing and Advertising Requirements
• Multi-Channel Challenges: cross-selling products across entities
• Regulatory focus on hedge funds
• Portfolio management trading compliance
• Compliance Program Best Practices
Larry Stadulis, Stradley Ronon Stevens & Young LLP
(b) BD Roundtable – Risk Management Processes
• Supervising new products
• Marketing to seniors and military personnel
• Multi-Channel Challenges: cross-selling products across entities
• Regulatory focus on equity index annuities
• Supervision of gifts and entertainment
• Compliance Program Best Practices
Thomas K. Potter, III, Burr & Forman, LLP
Krien VerBerkmoes III, VALIC Financial Advisors, Inc.
LUNCH (1:00 pm – 2:15 pm)
Lunch will be organized by firm type and table topics for discussion to facilitate attendees meeting others with similar firms and/or interests.
Workshop III General Sessions (2:00 pm - 3:15)
(a) IA Conflicts of Interest Disclosures
• Codes of Ethics
• Gifts and Entertainment Policy
• Forms ADV, SAIs and Offering Documents
• IA client contracts and documents
• Proxy voting procedures
Clifford Alexander, Kirkpatrick & Lockhart Preston Gates Ellis LLP
Patricia Flynn, INTECH
(b) BD Supervisory Responsibilities
• Oversight of front-line supervisors
• Heightened Supervision Programs
• Rule 3010/3012 Reports and process
• Tracking trends, exceptions and patterns of concerns
• Supervision of outside business (particularly RIA) activities
• Ethics training for Broker-Dealer Professionals
Scott Sherman, Alston & Bird LLP
Bernie Young, Stanford Group Company
Workshop IV General Sessions (3:30 pm - 4:45)
(a) Annual Review and Forensic Testing [IA]
• Lessons learned
• Testing strategies
• Risk Assessment
• Building a strategic plan
Michael Sherman, Dechert LLP
Deborah Lamb, STI Classic Funds and Variable Trust
(b) Marketing to Seniors in the 21st Century
• Regulatory Initiatives and Guidance from FINRA, SEC and NASAA
• Are Seniors in a “special status” and what are “best practices” for them?
• Supervision of complex products
• Special issues: lunch seminars, use of titles and ghost written materials
• Best practices
Todd Sawicki, Alston & Bird LLP
David Prince, Stephens Investment Management Group, LLC
Closing Remarks 4:45 pm
• Discussion of compliance certification program
• Dates for 2008 NSCP National Meeting
• Board Members / Speakers available to answer questions until 5:00 pm
Conference Concludes 5:00 pm
HOTEL:
For those who will be staying overnight in Atlanta, the AMA has rates with the following hotel. However, you must ask for the AMA Negotiated Rates! The Reservation Desk will not be able to find the rate listed under NSCP. Marriott Suites Midtown ($154/night) 35 14th Street NE, Atlanta, GA 30309 :: (404) 876-8888
REFUND POLICY Upon notification in writing on or before Tuesday, January 8, 2008, a full refund, less a $75 administrative fee, will be made. No refunds will be issued after that date, but substitutions may be made on or before Wednesday, January 29, 2008. Substitutions are subject to a $75 fee.
DRESS CODE Because meeting room temperatures may vary, please dress casually, in layers, to assure personal comfort.
CONTINUING EDUCATION CREDITS NSCP will apply for program accreditation with the State Bar of Georgia. This program may also qualify for credits in connection with FINRA firm element requirements.
LOCALl TRANSPORTATION INFORMATION For a wealth of transportation options, please visit the Atlanta Convention and Visitor’s Bureau’s web site at: www.atlanta.net/visitors/mapstransporation.html. Press/Regulators: If you are a member of the press and/or regulatory staff, you are invited to attend the General Session only.
ADDITIONAL INFORMATION For further information concerning this regional membership meeting, please contact NSCP at (860) 672-0843, or by fax at (860) 672-3005. You can also find out more by visiting our web site at www.nscpmeetings.com or by e-mailing us at meetings@nscp.org.