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“The securities industry made
significant strides in improving investor-protection measures this year. We endorsed and supported the Securities and
Exchange Commission’s numerous mutual-fund rules that provide investors with
greater clarity on fees and services related to their investment
decisions. We worked with the
Commission on its efforts to modernize the rules related to the structure of
the national markets,” said SIA Chairman Richard E. Thornburgh, vice chairman of the Executive Board of Credit
Suisse First Boston and a member of the Executive Board of Credit Suisse
Group. “The industry also saw our
tax-reform efforts with the Administration and Congress come to fruition for
investors, as more companies declared new or higher dividends, providing
investors with more incentives to save and invest.”
The meeting begins with
Wednesday evening’s welcome dinner (November 3), with opening remarks by
Thornburgh. He will then distribute the
SIA Distinguished Leadership Awards to
individuals who have demonstrated extraordinary leadership and service to the
industry. The annual SIA
Diversity Leadership Award will also be
announced during the meeting.
Thornburgh and Marc E.
Lackritz, SIA’s president, will begin the
meeting on Thursday morning, November 4, by reviewing the opportunities ahead
for the industry. They will address the
association's accomplishments over the past year in building the investing
public's trust, promoting saving and investing, opening global markets, and
achieving effective, efficient regulation.
Daniel J. Ludeman, president and
chief executive officer, Wachovia Securities, LLC, will address the group
during Friday morning’s session (November 5), outlining his goals as SIA’s 2005
chairman. Other speakers include:
·
William H. Donaldson,
chairman, SEC, will offer his perspective on the pressing issues confronting
the securities industry.
·
Richard S. Fuld, Jr.,
chairman and CEO, Lehman Brothers, will discuss the regulatory and business
environments faced by investment banks and how Lehman Brothers is working to
address these challenges.
·
Robert R. Glauber,
chairman and CEO, NASD, will give his perspective on recent regulatory and
enforcement issues, and talk about what the industry might expect from the NASD
and the regulatory community in the near future.
·
William J. McDonough,
chairman, Public Company Accounting Oversight Board, will update attendees on
the board’s activities and offer his assessment of how market participants have
responded to the mandate of Sarbanes-Oxley (advanced sign-up required).
·
Don Phillips, managing
director, Morningstar, Inc., will examine the challenges facing advisers and
investors, portfolio construction and market monitoring, the newest tools for
analyzing portfolios, the value of fundamental analysis, and the importance of
the investor’s experience.
·
Susan Schmidt Bies,
member, board of governors, The Federal Reserve, will discuss the markets and
current issues facing financial institutions.
·
John A. Thain, CEO,
New York Stock Exchange, will give participants an update from the exchange.
·
Louise Yamada,
managing director and head of technical research, Smith Barney, will discuss
shifting trends as they relate to the long-term view of the equity, bond, and
commodity markets (advanced sign-up required).
·
Paul Begala and Tucker
Carlson, co-hosts of CNN’s Crossfire,
will offer a lively presentation featuring their unique perspectives on public
policy, communications strategy, politics, and the outcome of the recent
election.
·
There also will be
executive workshops facilitated by professors from the Securities Industry
Institute® of The Wharton School at the University of Pennsylvania. The first, “Ethics and Leadership in the
Securities Industry,” will be led by Thomas Donaldson, Ph.D., the Mark O. Winkelman professor of legal
studies. The second, “Strategy Under
Uncertainty,” will be led by Roch Parayre,
Ph.D, senior fellow, Mack Center for the Strategic Management of
Innovation. (Advanced sign-up is
required for both.)
There will also be a
Congressional panel on the election results and how they will affect next
year's agenda. Representatives
John Boehner (R-OH), Barney Frank (D-MA), Melissa A. Hart (R-PA), and Jim McCrery (R-LA) will focus on key legislative issues facing the industry, including
the Sarbanes-Oxley Act, market structure, savings and retirement
initiatives, mutual funds, and privacy.
Registration is open to representatives of SIA member-firms
and divisions only. To register: http://www.sia.com/boca2004/html/registration.html
.
[Note: Members of the press interested in attending the annual meeting should contact Joan Christian, jchristian@sia.com .]
