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CCOutreach BD National Seminar

March 10, 2009 

U.S. Securities and Exchange Commission 

Station Place Auditorium 

100 F Street, NE 

Washington, DC 

Registration and Continental Breakfast (7:30 a.m. – 9:00 a.m.) 

I. Welcome (9:00 a.m. – 9:05 a.m.) 

ri A. Richards, Director, Office of Compliance Inspections and Examinations, SEC 

 Opening Remarks (9:05 a.m. – 9:30 a.m.)

ary L. Schapiro, Chairman, SEC 

chard G. Ketchum, Chairman and CEO-designate, FINRA 

II. Current Regulatory Environment (9:30 a.m. – 10:45 a.m.) 

ff from the SEC, FINRA and industry CCOs address the impact of regulatory and compliance issu

t have emerged in the current financial environment. The discussion includes current areas of 

ulatory concern and examination priorities as well as capital compliance, financial and operat

ues, risk management, trading, short sales and information barriers. 

Mary Ann Gadziala, Associate Director, Office of Compliance Inspections and Examinations, SEC 

(moderator) 

Alan Cohen, Managing Director, Head of Global Compliance, Goldman Sachs & Co. 

Michael Corrao, Managing Director, Chief Compliance Officer, Knight Equity Markets, L.P. 

Cameron Funkhouser, Senior Vice President, Market Regulation, FINRA 

Anand Ramtahal, Senior Vice President, Member Regulation, FINRA 

III. Remarks from SEC Commissioner Elisse B. Walter (10:45 a.m. – 10:55 a.m.) 

Break (10:55 a.m. – 11:10 a.m.) 

IV. Information Protection and Privacy (11:10 a.m. – 12:25 p.m.) 

Panelists discuss the benefits, challenges and compliance considerations associated with technology 

(e.g., email, instant messaging, jump drives). Staff from the SEC and FINRA as well as industry 

professionals will convey useful ideas for managing issues in this area. The panel will also address 

topics such as preservation and production of documents, and developments concerning customer 

protection in relation to Regulation S-P. 

John H. Walsh, Associate Director, Office of Compliance Inspections and Examinations, SEC 

(moderator) 

Paul Doelger, Managing Director, Compliance Department, Pershing LLC
Lisa Roth, President, Keystone Capital Corporation 

George Walz, Vice President, Member Regulation, FINRA 

Lunch (12:25 p.m. – 2:00 p.m.) 

V. Product-Specific Supervision—Ask the CCO (2:00 p.m. – 3:15 p.m.) 

Panelists discuss key regulatory and compliance obligations of supervisors at firms selling certain nontraditional products. Discussion includes the process of bringing a product to market, suitability issues 

and the consequences of failing to supervise. Panelists also cover the obligations of supervisors at firms 

servicing various types of clients (e.g., retail, institutional and elderly clients). Participants hear directly 

from fellow CCOs on how they manage the supervision process at their firms during this “Ask the 

CCO” session. 

Daniel M. Sibears, Executive Vice President, Member Regulation, FINRA (moderator) 

Cynthia Armine, Chief Compliance Officer, Citigroup Global Markets 

Patricia S. Bartholomew, Managing Partner, General Counsel, Chief Compliance Officer, Craig-Hallum 

Capital Group LLC 

Pamela Cavness, Chief Compliance Officer, Edward Jones 

John I. Fitzgerald, Director – Legal and Compliance, Leerink Swann LLC 

VI. Remarks from SEC Commissioner Troy A. Paredes (3:15 p.m. – 3:25 p.m.) 

Break (3:25 p.m. – 3:40 p.m.) 

VII. Enterprise-Wide Supervision (3:40 p.m. – 4:55 p.m.) 

This panel focuses on the supervisory structures and systems as they relate to the firm’s overall business 

activities. The discussion highlights the following supervision areas: integration for certain business 

procedures; outside business activities for employees; outsourced functions; dual registrants and their 

employees; business continuity plans; and compliance with NASD Rule 3012 and FINRA Rule 3130. 

The recent reorganization of financial institutions and its impact on compliance efforts will also be 

addressed. 

Michael Rufino, Senior Vice President and Deputy, Member Regulation, FINRA (moderator) 

Daniel M. Gallagher, Deputy Director, Division of Trading and Markets, SEC 

Colleen A. Graham, Managing Director, Regional Head of Compliance – Americas, Credit Suisse 

Christine Sibille, Senior Special Counsel, Office of Compliance Inspections and Examinations, SEC 

Pamela K. Ziermann, CSCP, Senior Vice President, Compliance and Human Resources, Dougherty 

Financial Group, LLC 

VIII. Closing Remarks (4:55 p.m. – 5:10 p.m.)

Lori A. Richards, Director, Office of Compliance Inspections and Examinations, SEC 

Erik R. Sirri, Director, Division of Trading and Markets, SEC 

Robert C. Errico, Executive Vice President, Member Regulation, FINRA