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I am in Washington DC today, presenting at The North American Securities Administrators Association (NASAA) 2010 Public Policy Conference.
The NASAA is the oldest international organization devoted to investor protection. My keynote will take place prior to 175 various state securities regulators fanning out throughout DC to lobby their senators, congressmen, and federal regulators. They want to see re-regulation of banks and brokers; tougher enforcement of existing rules, and an elimination of the Federal Preemptions that over turned such State laws such as anti-predatory lending rules.
Following the Keynote Address, the sessions will include:
Reining in Risk on Wall Street – Consensus is forming among policymakers that the ongoing economic crisis was deepened by excessive deregulation, which, in turn, allowed risk to run rampant in financial markets. A panel of experts from industry and academia will address how the inability of the private sector to provide systemic safety, coupled with weak federal oversight, demonstrates that deregulation is no longer a presumptive policy prescription to ensuring liquidity, stability and reliability to a well-functioning financial system.
What Regulatory Reform Means to Main Street Investors – As Congress debates the most significant changes in the regulatory structure of financial services in decades, a panel of experts will examine both the House and Senate reform packages with an eye toward determining how investors will benefit from the legislation and what is still needed from the perspective of state securities regulators.
Should be fun. I have a few other meetings (I hope to be able to discuss at a later date).
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