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The PA Department of Banking and Securities is hosting a conference designed to keep investment professionals and their firms up-to-date on changes to federal and state securities laws and regulations.  

Conference Rate: $200 per person

Official registration closed on October 3rd. 
Walk-ins are welcome on day of the event.

Luncheon Keynote Speaker

Jane Norberg.jpg

Jane Norberg Chief - Office of the Whistleblower – SEC

Jane Norberg will provide an overview of the SEC’s whistleblower program which was established with the passage of The Dodd-Frank Act in 2010. She will share the program highlights, including the amount of tips received, number of awards paid, and the strengthened confidentiality and retaliation protections.

Session Information

  • What to Expect from an Investment Adviser Exam
    Glenn R. Skreppen - Director, Bureau of Securities Compliance and Examinations, PA Department of Banking and Securities
    Joseph M. Zibelman - Chief, Eastern Region, Bureau of Securities Compliance and Examinations, PA Department of Banking and Securities

    During this session, state regulators will describe steps you can take to prepare for an Investment Adviser Exam, as well as what you can expect during an exam. Discussion will include topics that are of a heightened alert to securities examiners. This presentation is designed to help firms understand regulatory and exam issues to help ensure that they are operating in compliance with Pennsylvania law. You will leave this discussion with the ability to better assess your regulatory compliance strengths and weaknesses.   

  • Enforcement and Regulatory Update
    Stefanie J. Hamilton – Deputy Chief Counsel 
    PA Department of Banking and Securities

    This session will provide a comprehensive review of recent department enforcement actions and significant case law, and the session will also address how those in the industry can avoid violating the Pennsylvania Securities Act of 1972.  Furthermore, this session will give a brief overview of applicable regulatory updates impacting broker-dealers and investment advisers.  

  • Technology and Regulation, "Some Observations About Trends and Changes"
    Jake van der Laan - Director of Enforcement
    New Brunswick Financial and Consumer Services Commission

    This presentation will address latest trends and changes technology has and will bring to the financial industry.  Among the many topics that Jake van der Laan will present are:

        • Trends and changes in technology in the financial industry
        • Artificial intelligence and its role in finance and regulation
        • Crypto currency, other digital assets, ICO's and blockchain technology
        • Massive explosion of smart phones, mobile computing and social media

  • Due Diligence for Alternative Products
    James Klutinoty -  Chief, Western Region, Bureau of Securities Compliance and Examinations, PA Department of Banking and Securities
    Amber Nicklow - Chief, Central Region, Bureau of Securities Compliance and Examinations, PA Department of Banking and Securities
    Bill Bell – District Director, Sales Practice, FINRA Philadelphia District Office

    In an ever-changing market, the regulatory industry continues to experience an expansion of the offer and recommendation of alternative or non-conventional securities to the customers and clients of registered entities. Whether this expansion can be attributed to recent economic or legislative changes, there are important considerations that should be made by registrants prior to offering or recommending such alternative or non-conventional products. This presentation will focus in the area of these considerations, specifically discussing: (1) conducting adequate due diligence to understand the features of the product; (2) performing a reasonable-basis suitability analysis; (3) performing client-specific suitability analysis in connection with any offered or recommended transactions; (4) providing a balanced disclosure of both the risks and rewards associated with the particular product, especially when selling or recommending to retail investors; (5) implementing appropriate internal controls; and (6) training registered persons regarding the features, risks, and suitability of these products.

  • Anti-Money Laundering, Financial Crimes and Fraud Trends
    Parker H. Still, Supervisory Special Agent
    Money Laundering, Forfeiture & Bank Fraud Unit
    Federal Bureau of Investigation

    Supervisory Special Agent Parker Still is currently assigned to the Money Laundering, Forfeiture and Bank Fraud Unit at FBI Headquarters. Prior to this assignment, SSA Still was assigned to a white-collar crime squad in the Knoxville Field Office of the FBI. Among his assignments on this squad, SSA Still was the lead case agent on an approximately $300 million corporate fraud investigation impacting approximately 39 states.  SSA Still also recently had a large-scale investment fraud case featured by CBS on a prime-time television show.   

    SSA Still holds a bachelor's degree from Harding University, law degree from Samford University, and is a graduate from the United States Army Judge Advocate School. Prior to joining the FBI, he was engaged in the private practice of law for approximately eight years including time as municipal prosecutor. SSA Still also served as Chief of the Legal Assistance Office in Kandahar, Afghanistan as part of Operation Enduring Freedom.

    SSA Still will be presenting on anti-money laundering, financial crimes, and trends along with providing a case presentation on United States v. Randall Beane.  The case presentation will examine a factual scenario from the time of the crime through trial incorporating many trends and issues facing the financial industry and law enforcement. 

  • Senior$afe: Preventing Financial Exploitation of the Elderly
    Christina Kotsalos - Director, Investor Education & Consumer Outreach
    PA Department of Banking and Securities
    Denise Getgen – Director, Protective Services Office
    PA Department of Aging
    Yvette Panetta – District Director, Sales Practice, FINRA Boca Raton District Office

    Senior financial exploitation is a difficult issue to combat. Many in our older population are vulnerable due to social isolation and distance from family, caregivers, and other support networks. The days of Americans aging in communities surrounded by generations of family members are fading into the past. We all know the statistics about the rapid aging of our nation and it is not a phenomenon unique to the United States. Sadly, we also know that senior investors are often targets of financial fraud, scams, and exploitation; in part, because they own tangible assets including homes and pension streams that are attractive to scam artists. Unfortunately, even family members and other trusted caregivers or advisers bilk seniors out of their life savings.

    With the change in community infrastructure and familial proximity, combating senior financial exploitation requires a holistic, community solution. We must identify those who are best positioned to identify red flags early on and encourage reporting to appropriate state and federal agencies, including state securities regulators and Adult Protective Services.

    Senior$afe was created in partnership with the North American Securities Administrators Association (NASAA) in order to train financial professionals on recognizing the red flags of exploitation, and give them guidance on how to report their concerns. This approach aims to increase identification and reporting of suspected cases of elder financial exploitation.

Learning Objectives:

  1. Participants will learn the vulnerability factors that make senior clients targets for financial fraud and exploitation, and will be able to recognize the red flags of exploitation in clients based on data compiled from the Consumer Financial Protection Bureau, Pennsylvania Adult Protective Service, and the Investor Protection Trust.

  2. Participants will be equipped with the tools to discuss concerns regarding financial exploitation with senior clients, as well as tools to address a situation in which a client is accompanied by or under the influence of a suspected exploitation perpetrator. Case studies will be used to give participants practice with recognizing red flags and responding to situations of possible exploitation.

  3. Participants will be briefed on recent state and federal legislation surrounding the protection of vulnerable adults (both seniors and adults with intellectual and developmental disabilities), from financial exploitation, and will understand their reporting requirements as financial professionals.

  4. Participants will be equipped with knowledge of where to report suspected exploitation, as well as knowledge of the process undertaken by regulatory and law enforcement agencies once a report has been filed. Additional community-based resources will also be provided to participants who may want to refer their clients for further assistance.

Compliance 2019 Brochure