Compliance Outreach Program

for

Broker-Dealers

April 9, 2013

Washington, DC 

Agenda

Registration and Continental Breakfast (7:30 am – 9:00 am)

Welcome and Opening Remarks (9:00 am – 9:45 am) 

Elisse B. Walter, Chairman, SEC 

Richard G. Ketchum, Chairman and Chief Executive Officer, FINRA

Carlo di Florio, Director, National Examination Program, Office of Compliance Inspections and 

Examinations, SEC

Panel 1: The Role of Compliance and Ethics (9:45 am – 10:45 am)

Panelists will discuss broker-dealer control functions that ensure that effective policies and 

procedures are implemented to identify and mitigate reputational, regulatory and ethical risks.

Merri Jo Gillette, Director, Chicago Regional Office, SEC (Moderator)

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

John Hanson, Founder and Executive Director, Artifice Forensic Financial Services, LLC

Christopher J. Mahon, Senior Vice President and Head of Broker-Dealer Legal and Regulatory, 

AllianceBernstein/Sanford C. Bernstein

Allen Meyer, Managing Director and Head of Compliance, Barclays Corporate and Investment 

Banking

Break (10:45 am – 11:00 am)

Panel 2: Sales Practice (11:00 am – 12:00 pm)

Panelists will discuss control functions, ethical principles and current industry regulation relating to sales 

practice issues. 

Andrew Bowden, Deputy Director, National Examination Program, Office of Compliance Inspections 

and Examinations, SEC (Moderator)

Susan F. Axelrod, Executive Vice President, Member Regulation Sales Practice, FINRA

David W. Blass, Chief Counsel and Associate Director, Division of Trading and Markets, SEC

Mercer E. Bullard, President and Founder of Fund Democracy; Jessie D. Puckett, Jr., Lecturer and 

Associate Professor of Law at the University of Mississippi School of Law; and Vice President, 

Plancorp LLC

Michelle Oroschakoff, Global Chief Risk Officer, Morgan Stanley Wealth Management

Heather Traeger, Partner, O’Melveny & Myers

Lunch (12:00 pm – 1:15 pm)
Panel 3: Trading Practices (1:15 pm – 2:15 pm) 

Panelists will discuss the role that effective control functions play in ensuring that trading practices are 

consistent with ethical principles and current market regulation.

John Polise, Associate Director, Market Oversight, National Examination Program, Office of 

Compliance Inspections and Examinations, SEC, (Moderator)

Chris Concannon, Partner and Executive Vice President, Virtu Financial, LLC

Thomas Gira, Executive Vice President, Market Regulation, FINRA

John M. Ramsay, Acting Director, Division of Trading and Markets, SEC

Address from Daniel M. Gallagher, Commissioner, SEC (2:15 pm - 2:30 pm) 

Break (2:30 pm – 2:45 pm)

Panel 4: Net Capital (2:45 pm – 3:45 pm)

Panelists will discuss the role of effective control functions in ensuring compliance with financial 

responsibility rules, assessing capital considerations and confirming appropriate capital and liquidity.

Grace B. Vogel, Executive Vice President, Member Regulation, FINRA (Moderator)

Karen Cassidy, Managing Director, Corporate Treasury Division, Morgan Stanley & Co.

Michael Macchiaroli, Associate Director, Office of Broker-Dealer Finances, Division of Trading 

and Markets, SEC

Ralph Mattone, Managing Director, Regulatory Americas, Nomura Securities International, Inc.

Kevin Piccoli, Deputy Director, Division of Swap Dealer and Intermediary Oversight, U.S. 

Commodity Futures Trading Commission

Break (3:45 pm - 4:00 pm)

Panel 5: Risk Governance - Regulators Panel (4:00 pm – 5:00 pm)

Panelists will discuss perspectives on trends and regulatory expectations from the SEC, FINRA, Federal 

Reserve Board, Office of the Comptroller of the Currency, and Commodity Futures Trading Commission.

Carlo di Florio, Director, National Examination Program, Office of Compliance Inspections and 

Examinations, SEC (Moderator)

Gary Barnett, Director, Division of Swap Dealer and Intermediary Oversight, U.S. Commodity 

Futures Trading Commission

Michael Gibson, Director, Division of Banking Supervision and Regulation, Federal Reserve 

Board

Richard G. Ketchum, Chairman and Chief Executive Officer, FINRA

Martin Pfinsgraff, Acting Senior Deputy Comptroller, Large Bank Supervision, Office of the 

Comptroller of the Currency