“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 his firm 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 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.).
Registration is open to representatives of SIA member-firms and divisions only. To register: http://www.sia.com/boca2004/html/registration.html.
