2018 NASAA Public Policy Roundtable


May 7, 2018
Washington, DC


NASAA 2018 Public Policy Roundtable








Hotel Information

Washington Court Hotel
525 New Jersey Avenue NW
Washington DC
Book your room online
Or call: 202-628-2100

Rate Information

Reservation Code:
NASAA Spring Meeting

Discounted Rate: $299 + 14.5% tax
Cut-off date: April 4, 2018

Registration is open for this year’s Public Policy Roundtables, which will include both live and virtual events featuring a conversation with NASAA’s leadership and discussions focused on investor protection in the crypto era and a close examination of current issues in arbitration.

For the first time, you have a choice of how you want to attend. You can attend virtually for a significant cost savings of just $199, and watch the events from the comfort of your home or office. You also have the option to attend in person.

We look forward to seeing you in Washington, D.C. or having you join us online.

Agenda at a Glance

May 7, 2018

A Conversation with NASAA’s Leadership: (Live and Virtual Attendance)
1:30 p.m. – 2:15 p.m.

Public Policy Roundtable:
What the Rise of Cryptocurrency Means for Investor Protection
(Live and Virtual Attendance)
2:30 p.m. – 3:30 p.m.

The evolution of cryptocurrency from a medium of exchange to an investment product has attracted the interest of investors, speculators and fraudsters alike. The rapid rise of Bitcoin and other cryptos has influenced investor behavior – particularly among millennial investors – who are rushing to invest and buoyed by FOMO (the Fear of Missing Out). This crypto-mania, however, has also fueled countless cryptocurrency-branded scams and frauds. Ranging from Initial Coin Offerings (ICOs) that leverage the ICO moniker to hide outright investment fraud to those who spoof legitimate ICOs to defraud unsuspecting investors. This panel will examine the impact of cryptocurrencies and ICOs on Main Street investors and millennials. Discussions will feature recent cryptocurrency enforcement actions, the evolving regulatory treatment of cryptocurrencies, and actions investors can take to protect themselves. This panel serves as an introduction to the upcoming NASAA Fintech Roundtable (May 21) where academics, regulators, and industry participants will further examine the regulatory framework and oversight of cryptocurrency, ICOs and blockchain technology.

Moderator: Michael Pieciak, NASAA President-elect; Commissioner, Vermont Department of Financial Regulation


  • Robert A. Cohen, Cyber Unit Chief, U.S. Securities and Exchange Commission
  • Brian Fung, Technology Reporter, The Washington Post
  • Travis Iles, Texas State Securities Commissioner
  • Jake van der Laan, Director of Enforcement, New Brunswick Financial and Consumer Services Commission

3:30 p.m. – 3:45 p.m.

Public Policy Roundtable:
Securities Arbitration: Where We Are and Where We’re Headed
(Live and Virtual Attendance)
3:45 p.m. – 4:45 p.m.

This panel will address current hot topics in securities arbitration and discuss changes that may be on the horizon. The focal points are whether mandatory arbitration clauses have a place in the IPO context; whether investors should be entitled to a written explanation for adverse decisions in cases where their claims are denied; whether investors are entitled to remedies under state law, including attorneys’ fees; and how to address unpaid arbitration awards, the issue for which legislative proposals, a general fund, insurance, and/or other creative ideas may yield the appropriate solution(s).

Moderator: Tanya Solov, Director, Office of the Illinois Secretary of State, Securities Division


  • Richard Berry, Executive Vice President and Director of Dispute Resolution, FINRA
  • Tracey L. McNeil, Ombudsman, U.S. Securities and Exchange Commission
  • Joseph Punturo, Assistant Attorney General, New York Office of the Attorney General Investor Protection Bureau
  • Andrew Stoltmann, President, PIABA

Closing Remarks  
4:45 p.m. – 5 p.m.

5:30 p.m. – 7 p.m.

Travel Information

There are three airports in the Washington, D.C. area.  The closest airport to downtown Washington is the Ronald Reagan National Airport. Travelers using the Amtrak train should select Union Station in Washington, DC.

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