“Over the past year, NYSE Regulation has undertaken a number of new initiatives. One that I’m very excited about is our first conference on regulatory issues for member organizations and other interested guests,” said Richard G. Ketchum, chief regulatory officer, the New York Stock Exchange. “We’ve expressed our determination that self-regulation can be both aggressive and intelligent. One of the ways we can achieve that goal is from a robust exchange of ideas at what promises to be a memorable event.”
The conference comes at a critical time, when increased scrutiny and oversight have both regulators and broker-dealers focused on establishing higher standards of governance. Attendees will hear the latest regulatory thinking from leaders in the field, and can choose from a dozen workshops covering a wide variety of emerging regulatory issues. Speakers include Annette Nazareth, director of market regulation at the U.S. Securities and Exchange Commission and Robert Morganthau, New York District Attorney. From the Exchange, in addition to Ketchum and his team from NYSE Regulation, the new NYSE Chairman of the Board Marshall N. Carter will open Day Two with Wednesday’s welcoming address. Carter, previously chairman of the NYSE board’s Regulatory Oversight Committee, was elected chairman on April 7, 2005, succeeding John Reed.
Ketchum formally opens the conference on Tuesday morning with an overview of NYSE Regulation’s recent initiatives that have yielded significant advances in market oversight and investor protection. A discussion with NYSE Regulation’s senior officials immediately follows. Panel participants are Robert A. Marchman, executive vice president of market surveillance; Susan L. Merrill, chief of enforcement; and Grace B. Vogel, executive vice president, member firm regulation.
Wednesday’s general session will address rebuilding ethics and compliance in the securities industry. Moderated by former SEC enforcement director William R. McLucas, now a partner with Wilmer Cutler Pickering Hale & Dorr, the panel’s speakers include: Ketchum; Eric R. Dinallo, chief of regulatory matters at Morgan Stanley and former chief of investor protection in the office of the New York State Attorney General; Mary Ann Gadziala, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission; and Barbara Roper, director of investor protection, Consumer Federation of America.
Over the two days, there also will be a dozen workshops covering multiple aspects of market regulation and oversight. These separate sessions will feature leading experts, NYSE Regulation top executives, seasoned legal advisers and representatives from some of the largest U.S. securities firms. Workshop topics include internal controls, managing business conflicts, examining proposed rules, best practices for USA Patriot Act compliance and a detailed discussion of what to expect in regulatory examinations.
Two morning seminars will be held at the New York Stock Exchange. Scheduled to conclude before the opening bell to accommodate those who work on the Exchange floor, these workshops will cover a range of supervisory and performance-related issues. The seminars are open to the NYSE Trading Floor community, their advisors and legal counsel.
Nazareth will deliver Tuesday’s luncheon speech, while the midday address on Wednesday will be from Morganthau. Attendees are also invited to attend a cocktail reception hosted by NYSE Regulation at the Exchange’s trading floor on the evening of June 21. The conference is open to the media and registration is required. For a detailed agenda, please visit http://www.nyse.com/regconference.
