Conference to Focus on Enforcement and Deterrence in Today’s Financial Markets

WASHINGTON (April 20, 2016)—State and provincial securities regulators will convene in Washington, D.C. next month to explore the role of enforcement as an extension of public policy and the challenges confronting prosecutors amid the increasing complexity of securities fraud during the annual North American Securities Administrators Association’s (NASAA) Public Policy Conference.

The conference is scheduled for May 16 at the Washington Court Hotel, 525 New Jersey Avenue, NW, Washington, D.C. Registration information is available here.

NASAA President and Maine Securities Administrator Judith Shaw said NASAA is honored that Senator Susan Collins (R-ME) will deliver the conference keynote luncheon address. Sen. Collins chairs the Senate Select Committee on Aging and the Transportation, Housing, and Urban Development Appropriations Subcommittee. She also serves on the Intelligence Committee as well as the Committee on Health, Education, Labor and Pensions. Last year, Sen. Collins and Sen. Claire McCaskill (D-MO) introduced the bipartisan “Senior$afe Act of 2015,” legislation to protect vulnerable adults from financial exploitation.

“This year’s conference highlights both the policy role of enforcement as a deterrent to financial fraud and the challenges facing prosecutors amid the increasing complexity of white-collar crime,” Shaw said. “We will also examine enforcement as a tool in protecting seniors and vulnerable adults from financial exploitation.”

The conference features two panel discussions entitled: “Enforcement as an Extension of Public Policy” and “Whither the White Collar Prosecution.”

The first panel brings together leading securities enforcement and legal experts to address the role of enforcement in effectuating policy objectives. Among other topics, panelists also will evaluate the success of the current enforcement regime in the securities marketplace as an instrument for maximizing compliance and deterring bad acts.

Moderated by Utah Securities Director Keith Woodwell, the panel includes:

  • Andrew Ceresney, SEC Enforcement Director;
  • Laura Posner, New Jersey Securities Bureau Chief and NASAA Enforcement Section Chair;
  • Monica Kowal, Vice-Chair, Ontario Securities Commission; and
  • John Coffee, professor, Columbia University Law School.

The second panel will examine the prosecutorial challenges of prosecuting financial crime; the prospects of recovery for victims of financial crime; and punishment for perpetrators.

Moderated by Texas Securities Commissioner John Morgan, the panel includes:

  • Chad Johnson, Partner, Quinn Emanuel and former New York Investor Protection Bureau Chief;
  • Brandon L. Garrett, professor, University of Virginia School of Law and author of “Too Big to Jail: How Prosecutors Compromise With Corporations;”
  • Steve Feaga, Deputy Director, Legal and Prosecution, Alabama Securities Commission; and
  • Telemachus P. Kasulis, Deputy Chief of the Securities and Commodities Task Force at the U.S. Attorney’s Office for the Southern District of New York.

The conference also will spotlight a one-on-one interview with Catherine Christian, chief of the Manhattan District Attorney’s Elder Abuse Unit. In her role, Ms. Christian oversees at team of 20 attorneys investigating and prosecuting criminal activity involving elderly victims.

Registration is open now. On-site registration begins at 10am and the keynote luncheon follows at 12pm. The general session begins at 1:10pm and will conclude at 4:15pm.


For More Information:
Bob Webster | Director of Communications


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