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Supervision Workshop

Financial Services Institute / Supervision Workshop

Countdown to Supervision Workshop

Supervision Workshop

May 13-14, 2019

FSI Office — Lobby Conference Room

1201 Pennsylvania Ave. NW

Washington, D.C. 20004

FSI’s Supervision Workshop will shed light on the recent state and federal enforcement efforts addressing cybersecurity, vendor management, Regulation S-P, expense sharing agreements, outside business activities/private securities transactions and more. These enforcement actions have unique impact on independent broker-dealers (IBDs). Participants will leave with a deeper understanding of IBD risk areas; the rules and regulations governing those areas; the interplay between those rules/regulations and the IBD business model; and best practices utilized by their peers.
WHO SHOULD ATTEND
This event is open to FSI firm members. Space is limited, so register today!
Registration

Registration Fee: $250

Registration Instructions:

  1.  1. Log into the FSI website with your username and password
  • Your username will be your email address.
  • If you do not remember your password, you can send yourself a link to reset.
  1.  2. Go to “My Account
  2.  3. Click on the “2019 Supervision Workshop” button
  3.  4. Click “Register


Cancellations:

Should you need to cancel, we kindly ask you to contact events@financialservices.org no later than April 30, 2019 to receive a full refund less a $75 processing fee.  After April 30, 2019, no refunds will be issued.

Questions?  Contact our team at 1-888-373-1840 or events@financialservices.org

Schedule

Monday, May 13: Supervision Bootcamp for Independent Broker-Dealers (IBDs)

9:00 – 9:45 a.m. Breakfast
9:45 – 10:00 a.m. FSI Opening Remarks

• Dale Brown, President & CEO, Financial Services Institute

10:00 – 11:30 a.m. Getting Down to Business: Recent Enforcement Action in IBD Supervision & What They Mean for Business
During this session we will discuss enforcement activity at both the state and federal levels and their unique impact on IBD supervision. 

• Brian L. Rubin, Partner, Eversheds Sutherland

• Susan Krawczyk, Partner, Eversheds Sutherland

11:30 a.m. – 12:30 p.m. Regulators are Following the Money: Compensation Received by Advisor Owned Entities & Why it Can be a Problem for IBDs
Delve into the complexities and potential risks associated with advisor compensation arrangements. This session will also include an overview of FSI’s payment to ensemble practices efforts and where they stand today. 

• Cliff E. Kirsch, Partner, Eversheds Sutherland

12:30 – 1:30 p.m. Lunch
1:30 – 2:30 p.m. It’s All a Balancing Act: The Supervision & Independent Contractor Status Conundrum
This session will explore firms strike the right balance between satisfying regulatory supervisory obligations, the IBD model’s entrepreneurial focus and your advisors’ independent contractor status. Speakers will highlight key supervisory distinctions between independent contractors and employees followed by a detailed overview of significant state independent contractor cases and trends. 

• Chrys D. Lemon, Partner, McIntyre & Lemon, PLLC

• James T. McIntyre, Partner, McIntyre & Lemon, PLLC

2:30 – 4:30 p.m. No More Phishing Around: Cybersecurity, Data Protection & State Intervention
Industry experts are predicting that regulators will move away from issuing additional guidance and move toward increased cybersecurity-related enforcement actions. During this session, we will explore key cybersecurity issues such as managing Regulation S-P issues when an advisor transitions to a new broker-dealer, managing vendor relationships at the branch office level, advisor CRMs and more. 

• John DeVincent, VP Marketing, workplace_by OS33

• Kylee Beach, General Counsel, NorthStar Financial Services
Group, LLC

• Frank Smith, SVP, Information Security and Data Privacy, First
Command Financial Services, Inc.

• Scott Matasar, Partner, Matasar Jacobs LLC

4:30 – 5:00 p.m. OBA – Yay or Nay?: Whether Advisor-Owned Business Entities Should be Disclosed as Outside Business Activities
Should advisor-owned business entities be disclosed as an outside business activity (OBA)? What impact, if any, would FINRA’s proposed OBA rule have on those disclosure obligations? This session will explore these questions as well as discuss current OBA and PST rules and what FINRA Regulatory Notice 18-08 means for firms’ reporting and disclosure requirements. 

• Daniel Nathan, Partner, Orrick

5:00 – 5:45 p.m. Expense Sharing Agreements
Learn more about the rules, regulations and guidance governing expense sharing agreements. We’ll also discuss when an expense sharing agreement is required between a firm and an advisor-owned business entity. 

• Susan Krawczyk, Partner, Eversheds Sutherland

• Cliff E. Kirsch, Partner, Eversheds Sutherland

Tuesday, May 14: Closed-Door, Member-Only Meeting

9:00 – 9:30 a.m. Breakfast
9:30 – 10:00 a.m. Day 1 Debrief
10:00 a.m. – 12:00 p.m. Roundtable Breakout Discussions
12:00 – 1:30 p.m. Debriefing Lunch
Hotel Information

Several hotels are available near FSI’s office building:

JW Marriott Washington DC  (1 block from FSI office)
1331 Pennsylvania Ave. NW, Washington, D.C. 20004
Tel: 202-393-2000

Trump International Hotel Washington DC (1 block from FSI office)
1100 Pennsylvania Ave. NW, Washington, D.C. 20004
Tel: 202-695-1100

The Willard InterContinental Washington (2 blocks from FSI office)
1401 Pennsylvania Ave. NW, Washington, D.C. 20004
Tel: 866-925-8676

Washington Marriott at Metro Center  (0.4 miles from FSI Office)
775 12th St. NW, Washington, D.C. 20005
Tel: 202-737-2200

Grand Hyatt Washington (0.5 miles from FSI office)
1000 H St. NW, Washington, D.C. 20001
Tel: 202-582-1234

Additional Hotel Options
Crystal City in Arlington, VA provides some more economical hotel options and is located near Reagan National Airport (DCA) – approx. 4.0 miles from FSI’s office (about $20 cab fare, one way).

DoubleTree by Hilton Washington D.C. – Crystal City
300 Army Navy Dr., Arlington, VA 22202
Tel: 703-416-4100

Crowne Plaza Crystal City
1480 Crystal Dr., Arlington, VA 22202
Tel: 703-416-1600

The Westin Crystal City
1800 Richmond (Jefferson Davis) Hwy., Arlington, VA 22202
Tel: 703-486-1111

Hilton Garden Inn Reagan National Airport
2020 Richmond (Jefferson Davis) Hwy., Arlington, VA 22202
Tel: 703-892-1050

Hilton Crystal City
2399 Richmond (Jefferson Davis) Hwy., Arlington, VA 22202
Tel: 703-418-6800

Travel Information

Air Travel:

Ronald Reagan Washington National Airport (DCA)
4.0 miles from FSI’s Office
Estimated taxi fare: $20 (one way)

Washington Dulles International Airport (IAD)
27 miles from FSI’s Office
Estimated taxi fare: $76 (one way)

Baltimore/Washington International Thurgood Marshall Airport (BWI)
35.2 miles from FSI’s Office
Estimated taxi fare: $82 (one way)

Other Transportation:

Additional transportation options include Amtrak and Metro.

Things to Do in D.C.

FSI’s office is located conveniently in downtown D.C. near the White House, National Mall, Smithsonian museums and Capitol Hill.

D.C. Tourism Information: