FINRA Fixed Income Conference

Transcription

1 September 7, 2016 FINRA Fixed Income Conference New York, NY FINRA s Fixed Income Conference focuses on current market impacts on fixed income, and how regulators and firms are responding. Featured Topics: Evolving Bond Market Structure Key FINRA Regulatory Developments Pricing and Best Execution Requirements Participate in person or via live online broadcast. Transparency. Technology. Transition.

2 Agenda Wednesday, September 7 CRCP Continuing Education Credits Graduates of the FINRA Institute at Wharton Certified Regulatory and Compliance Professional TM (CRCP TM ) Program may receive up to six (6) CRCP CE credits for attending the conference either in person or via live broadcast. Keynote Speaker The Honorable Michael S. Piwowar Commissioner, U.S. Securities and Exchange Commission (SEC) TUESDAY, SEPTEMBER 6 4: p.m. 6: p.m. Registration WEDNESDAY, SEPTEMBER 7 7: a.m. 4: p.m. Registration 7: a.m. 8:30 a.m. Continental Breakfast 8:30 a.m. 8:45 a.m. Welcome Remarks Christopher Stone, FINRA Transparency Services 8:45 a.m. 9:15 a.m. Plenary Session I: Keynote Address 9:15 a.m. 9:30 a.m. Break The Honorable Michael S. Piwowar, Commissioner, U.S Securities and Exchange Commission (SEC) 9:30 a.m. 10:30 a.m. Plenary Session II: Evolving Bond Market Structure In this session, FINRA staff and industry practitioners discuss the impacts of the rise in interest rates, risks and volatility of the bond market, and industry practitioners share how they are responding to them. Panelists also address the role of electronic trading in the fixed income market and discuss market positioning, the competitive landscape, what clients are asking for, transparency and the increased importance of market data. Elliot Levine, FINRA Transparency Services Ted Bragg, ICAP Americas Rich Grobman, Oppenheimer & Company Inc. Ola Persson, FINRA Transparency Services Phillip Rothman, Fidelity Capital Markets 2 For more information and to register, please visit

3 Agenda Wednesday, September 7 continued 10:30 a.m. 10:45 a.m. Break 10:45 a.m. 11:45 a.m. Concurrent Sessions I Municipal Advisors During this session, panelists address municipal advisor regulatory developments, including new MSRB rules governing municipal advisor conduct and fiduciary obligations. Panelists also discuss common themes and findings from FINRA and SEC municipal advisor examinations, and the proper application of registration exemptions and exclusions to avoid potential unregistered municipal advisor activity. Bonnie Bowes, FINRA Fixed Income Regulation Gene Davis, FINRA New Orleans District Office Rebecca Olsen, U.S. Securities and Exchange Commission (SEC) Sharon Zackula, Municipal Securities Rulemaking Board (MSRB) 10:45 a.m. 11:45 a.m. Pricing and Best Execution Requirements 11:45 a.m. 12:45 p.m. Networking Lunch 12:45 p.m. 1: p.m. Dessert with Exhibitors This session focuses on current FINRA and MSRB initiatives in the fixed income market, including parallel proposals to require firms to disclose markups for same-day, retail-size principal transactions in certain fixed income securities. Panelists cover the potential effects of the proposals specifically the impact on investors and broker-dealers and discuss alternatives to increase disclosure in the fixed income market. Other topics include recent FINRA and MSRB best execution guidance. Jonathan Sokobin, FINRA Office of the Chief Economist Mark Cresap, Cresap, Inc. John Fechter, Wells Fargo Advisors, LLC Michael Post, Municipal Securities Rulemaking Board (MSRB) Erik Sirri, Babson College 3 Live Broadcast Attendees = video broadcast live = audio broadcast live

4 Agenda Wednesday, September 7 continued 1: p.m. 2: p.m. Plenary Session III: Key FINRA Regulatory Developments 2: p.m. 2:15 p.m. Break 2:15 p.m. 3:15 p.m. Concurrent Sessions II In this session, FINRA staff discuss regulatory fixed income developments. Panelists lead the audience through a conversation about the top issues facing the fixed income industry today and potentially in the future. Patrick Geraghty, FINRA Market Regulation, Fixed Income Brant Brown, FINRA Office of General Counsel Matthew Boardman, RBC Wealth Management Eric Kriftcher, Bank of America, Merrill Lynch Linde Murphy, M.E. Allison & Co., Inc. Municipal Securities This session addresses FINRA and SEC examination and enforcement priorities regarding municipal securities dealers. Panelists discuss regulatory developments, including MSRB rule amendments and lessons learned from recent enforcement actions. Cynthia Friedlander, FINRA Fixed Income Regulation Richard Laufer, FINRA New York District Office Gail Marshall, Municipal Securities Rulemaking Board (MSRB) Joseph Schwetz, FINRA Market Regulation, Fixed Income Kevin Guerrero, U.S. Securities and Exchange Commission (SEC) 4 Live Broadcast Attendees = video broadcast live = audio broadcast live

5 Agenda Wednesday, September 7 continued 2:15 p.m. 3:15 p.m. Concurrent Sessions II 3:15 p.m. 3:30 p.m. Break Examination Priorities and Enforcement Updates This session covers FINRA s fixed income related examination priorities and findings. Panelists discuss recent enforcement cases as well as provide real examples of firm reviews. Panelists also highlight common examination findings and share lessons learned. John Hickey, FINRA New York District Office John Edmonds, FINRA New York District Office Cristian Nanu, FINRA Market Regulation, Fixed Income Lara Thyagarajan, FINRA Enforcement 3:30 p.m. 4:30 p.m. Plenary Session IV: Ask the Regulator and Industry Experts During this session, panelists answer your questions related to the fixed income regulatory landscape and other important issues. Panelists share their perspectives on effective compliance practices and helpful tips they have identified. Stephanie Dumont, FINRA Office of General Counsel 5 Margaret Henry, Stifel Financial Corp. Mary Beth Findlay, Credit Suisse Securities Justin Pica, U.S. Securities and Exchange Commission (SEC) Racquel Russell, FINRA Office of General Counsel 4:30 p.m. Closing Remarks/Conference Adjourns 5 Live Broadcast Attendees = video broadcast live = audio broadcast live

6 Speakers As of August 2016 Exhibitors Conference exhibitors showcase a range of products and services for broker-dealer firms. Current exhibitors include: Actian Corporation Bloomberg Vault Global Relay Lumesis, Inc. Matrix Applications Renaissance Regulatory Services, Inc. FINRA has a limited number of exhibitor opportunities remaining for this conference. To secure your participation, contact Jeffrey Arcuri at (508) or jeffrey.arcuri@finra.org to request a conference exhibitor package. Matthew Boardman Bonnie Bowes Ted Bragg Brant Brown Mark Cresap Gene Davis Stephanie Dumont John Edmonds John Fechter Mary Beth Findlay Cindy Friedlander Patrick Geraghty Richard Grobman Kevin Guerrero Margaret Henry John Hickey Eric Kriftcher RBC Wealth Management FINRA Fixed Income Regulation ICAP Americas FINRA Office of General Counsel Cresap, Inc. FINRA New Orleans District Office FINRA Office of General Counsel FINRA New York District Office Wells Fargo Advisors, LLC Credit Suisse FINRA Fixed Income Regulation FINRA Market Regulation, Fixed Income Oppenheimer & Company Inc. U.S. Securities and Exchange Commission (SEC) Stifel Financial Corp. FINRA New York District Office Bank of America, Merrill Lynch Rebecca Olsen Ola Persson Justin Pica Michael Piwowar Michael Post Philip Rothman Racquel Russell Joseph Schwetz Erik Sirri Jonathan Sokobin Christopher Stone Lara Thyagarajan Sharon Zackula U.S. Securities and Exchange Commission (SEC) FINRA Transparency Services U.S. Securities and Exchange Commission (SEC) U.S. Securities and Exchange Commission (SEC) Municipal Securities Rulemaking Board (MSRB) Fidelity Capital Markets FINRA Office of General Counsel FINRA Market Regulation, Fixed Income Babson College FINRA Office of the Chief Economist FINRA Transparency Services FINRA Enforcement Municipal Securities Rulemaking Board (MSRB) Richard Laufer FINRA New York District Office Elliot Levine FINRA Transparency Services Gail Marshall Linde Murphy Municipal Securities Rulingmaking Board (MSRB) M.E. Allison & Co., Inc. Cristian Nanu FINRA Market Regulation, Fixed Income 6 For more information and to register, please visit

7 Registration Information Two Ways to Participate Attend in person Attend the conference in person and take advantage of unique networking opportunities to connect with industry peers and regulators. Live online broadcast Those who can t attend in person can participate via live online broadcast streamed over the Internet. Participants can choose a session to view, and can toggle between other live sessions in real time. How to Register To register, visit fixedincome2016 and complete the online registration form using your credit card. Conference registration is limited and available on a first-come, first-served basis. If you experience difficulties registering, please call (202) or send an to conreg@finra.org. Confirmation You will receive an confirmation of your registration. Please make sure your registration has been confirmed prior to your arrival onsite at the conference. Cancellation Policy The special discounted rate for the first 1 in-person registrants is nonrefundable. For all other registration categories, a full refund less a $75 processing fee will be granted to written requests received 14 days or more prior to the start date of the conference. Refunds will not granted after August 24, Questions If you have any questions regarding this conference or for information about other administrative policies, please call (8) For registration information, please contact (202) Registration Rates In Person Individual * Available to firms registering 3 or more employees at the same time with the same credit card. Please follow instructions in the registration system. ** FINRA will verify firm size prior to confirmation. First 1 Through 7/1/ After 7/1/16 FINRA Member Firm must provide valid CRD # $795 $945 Attorney must provide valid bar ID # $985 $1,135 Non-Member $1,175 $1,325 Government / Regulator $560 $670 In Person Group* (Per Person) First 1 Through 7/1/ After 7/1/16 FINRA Member Firm must provide valid CRD # $670 $8 Attorney must provide valid bar ID # $830 $960 Non-Member $1,0 $1,130 Live Broadcast Viewer License Fees FINRA Member Small Firms** $250 FINRA Member Firms $1,2 Attorney / Non-Member $1,5 Government / Regulator $1,2 7 For more information and to register, please visit

8 Hotel and Travel Information Hotel Reservations A room block is available at the New York Marriott Marquis at the special rate of $373 per night, plus tax. This rate has been extended to Monday, August 15, 2016, or until the room block is sold out. Hotel reservations will then be accepted on a space- and rate-available basis. Reserve a room online or by calling (877) and identify yourself as a 2016 FINRA Fixed Income Conference attendee. Travel Information The 2016 Fixed Income Conference takes place at: New York Marriott Marquis 1535 Broadway New York, NY 136 Toll free: (877) FINRA suggests that you do not purchase restricted or nonrefundable tickets for travel to the conference, especially prior to the 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 dates and/or location become necessary. Please note that hotel reservations, cancellations, and charges are the attendee s responsibility FINRA. All rights reserved. 16_ /16 8 For more information and to register, please visit