Rep. Kanjorski to Deliver Keynote Address
WASHINGTON (March 24, 2009) – State securities regulators will convene in Washington, D.C. next month to discuss the challenges facing the current financial services regulatory structure and outline policy proposals to strengthen regulatory safeguards for Main Street investors.
The North American Securities Administrators Association (NASAA) will host its annual Public Policy Conference on April 28 at the Washington Court Hotel, 525 New Jersey Avenue, NW, Washington, D.C.
“Millions of Main Street Americans look to the financial services industry, regulators and lawmakers to help them build and safeguard their financial security,” said NASAA President and Colorado Securities Commissioner Fred Joseph. “With so much at stake, NASAA’s top policy priority is to protect investors by preserving state securities regulatory authority over those who offer investment advice and sell securities.”
The conference will open with a keynote speech by U.S. Rep. Paul Kanjorski (D-PA), who serves on the House Financial Services Committee and is chairman of its Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, which has jurisdiction over securities, exchanges and most insurance matters. As Chairman of the Capital Markets Subcommittee, his top priorities include keeping U.S. financial markets globally competitive, improving the housing market, increasing borrower safety and enhancing investor protection.
This year’s conference features a general session with two panel discussions. The first panel will examine the challenges of restructuring our regulatory system and restoring investor confidence in the wake of the Madoff fraud and other financial scandals. The second panel will focus on systemic risk regulation and the need for greater transparency and regulation of hedge funds and derivatives.
On-site registration begins at 11 a.m. and the keynote luncheon follows at 12 p.m. The general session begins at 1:30 p.m. and is scheduled to conclude at 4:15 p.m.
NASAA is the oldest international organization devoted to investor protection. Its membership consists of the securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada and Mexico.