Joseph P. Borg, President of NASAA and Director of the Alabama Securities Commission to Speak at KC’s “NASD Rule 2821 Amendment No. 4” Event on August 2007
New York, NY, July 20, 2007 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused teleconferences, has announced today that Joe Borg, President of NASAA, and Director of the Alabama Securities Commission will speak at the Knowledge Congress’ upcoming teleconference entitled: “NASD Rule 2821 Amendment No.4: Best Practices Explored.” This 2-hour event is scheduled on August 2, 2007 at 1:00 PM EST. (For further details and updated panelists of the event, please visit: www.knowledgecongress.org)
In March 2007, the NASD filed Amendment No. 4 to the proposed NASD Rule 2821 which prescribes sweeping changes in sales practices and supervisory requirements for dealings in deferred variable annuities. The new rule poses a number of changes specifically designed to ensure compliance which includes specific governing recommendations and training requirements.
The Knowledge Congress has assembled panel of distinguished experts to help make these policies clear to the organizations most impacted from a senior legal perspective. The panel will present their findings in this two-hour live teleconference.
About Joe Borg
Joe Borg has been the Director of ASC since 1994 and currently serves as President of the North American Securities Administrators Association and previously held the same position in 2001-2002.
Mr. Borg has testified before various committees of Congress in such areas as micro-cap securities fraud, criminal elements in the markets, and information-sharing among regulators, NASD-NYSE merger and retailization of Private Equity and Hedge Funds. His active participation led to the establishment of state-level task forces to investigate Wall Street firms and promotion of legislation to increase the severity of punishment for white collar crime offenders.
He also served as in-house counsel to First Alabama Bank (n/k/a Regions Bank, 1979-1984) and has been an adjunct professor of law at Faulkner University Jones School of Law teaching securities law and banking (1982-2002).
Borg is admitted to practice in Alabama, Florida, New York, U.S. Federal District Court and the U.S. Supreme Court.
About the NASAA
Organized in 1919, the North American Securities Administrators Association (NASAA) is the oldest international organization devoted to investor protection. NASAA is a voluntary association whose membership consists of 67 state, provincial, and territorial securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada, and Mexico.
In the United States, NASAA is the voice of state securities agencies responsible for efficient capital formation and grass-roots investor protection. Their fundamental mission is protecting consumers who purchase securities or investment advice, and their jurisdiction extends to a wide variety of issuers and intermediaries who offer and sell securities to the public.
NASAA members license firms and their agents, investigate violations of state and provincial law, file enforcement actions when appropriate, and educate the public about investment fraud.
Through the association, NASAA members also participate in multi-state enforcement actions and information sharing. NASAA also coordinates and implements training and education seminars annually for state/district/provincial and territorial securities agency staff.
About the Alabama Securities Commission
The Alabama Securities Commission (ASC) regulates the securities industry in Alabama. ASC is committed to protect investors against securities fraud and provides aggressive enforcement actions against any firm or individual who has violated the Alabama Securities Act or other state and federal statutes to the detriment of Alabama investors. The Alabama Securities Act provides for the licensing and regulation of securities broker-dealers, agents, investment advisers and investment adviser representatives, and financial planners.
ASC regulates the individual securities through registration. All of the above entities must be registered with the ASC to conduct business in Alabama unless subject to a statutory exemption from registration.
ASC promotes financial literacy to all citizens and students in Alabama by providing presentations, free information and access to curricula for financial literacy education.
For more information about Joe Borg, NASAA and Alabama Securities Commission, please visit: http://www.nasaa.org and/or http://www.asc.alabama.gov.
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.”
To contact or to register to an event, please visit: http://www.knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
tlapointe@knowledgecongress.org
Therese Lumbao, Member Services Director
tlumbao@knowledgecongress.org
The Knowledge Congress
Phone: 1.800.578.4370
Fax: 646.219.5381
http://www.knowledgecongress.org
###
In March 2007, the NASD filed Amendment No. 4 to the proposed NASD Rule 2821 which prescribes sweeping changes in sales practices and supervisory requirements for dealings in deferred variable annuities. The new rule poses a number of changes specifically designed to ensure compliance which includes specific governing recommendations and training requirements.
The Knowledge Congress has assembled panel of distinguished experts to help make these policies clear to the organizations most impacted from a senior legal perspective. The panel will present their findings in this two-hour live teleconference.
About Joe Borg
Joe Borg has been the Director of ASC since 1994 and currently serves as President of the North American Securities Administrators Association and previously held the same position in 2001-2002.
Mr. Borg has testified before various committees of Congress in such areas as micro-cap securities fraud, criminal elements in the markets, and information-sharing among regulators, NASD-NYSE merger and retailization of Private Equity and Hedge Funds. His active participation led to the establishment of state-level task forces to investigate Wall Street firms and promotion of legislation to increase the severity of punishment for white collar crime offenders.
He also served as in-house counsel to First Alabama Bank (n/k/a Regions Bank, 1979-1984) and has been an adjunct professor of law at Faulkner University Jones School of Law teaching securities law and banking (1982-2002).
Borg is admitted to practice in Alabama, Florida, New York, U.S. Federal District Court and the U.S. Supreme Court.
About the NASAA
Organized in 1919, the North American Securities Administrators Association (NASAA) is the oldest international organization devoted to investor protection. NASAA is a voluntary association whose membership consists of 67 state, provincial, and territorial securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada, and Mexico.
In the United States, NASAA is the voice of state securities agencies responsible for efficient capital formation and grass-roots investor protection. Their fundamental mission is protecting consumers who purchase securities or investment advice, and their jurisdiction extends to a wide variety of issuers and intermediaries who offer and sell securities to the public.
NASAA members license firms and their agents, investigate violations of state and provincial law, file enforcement actions when appropriate, and educate the public about investment fraud.
Through the association, NASAA members also participate in multi-state enforcement actions and information sharing. NASAA also coordinates and implements training and education seminars annually for state/district/provincial and territorial securities agency staff.
About the Alabama Securities Commission
The Alabama Securities Commission (ASC) regulates the securities industry in Alabama. ASC is committed to protect investors against securities fraud and provides aggressive enforcement actions against any firm or individual who has violated the Alabama Securities Act or other state and federal statutes to the detriment of Alabama investors. The Alabama Securities Act provides for the licensing and regulation of securities broker-dealers, agents, investment advisers and investment adviser representatives, and financial planners.
ASC regulates the individual securities through registration. All of the above entities must be registered with the ASC to conduct business in Alabama unless subject to a statutory exemption from registration.
ASC promotes financial literacy to all citizens and students in Alabama by providing presentations, free information and access to curricula for financial literacy education.
For more information about Joe Borg, NASAA and Alabama Securities Commission, please visit: http://www.nasaa.org and/or http://www.asc.alabama.gov.
About The Knowledge Congress
The Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.”
To contact or to register to an event, please visit: http://www.knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
tlapointe@knowledgecongress.org
Therese Lumbao, Member Services Director
tlumbao@knowledgecongress.org
The Knowledge Congress
Phone: 1.800.578.4370
Fax: 646.219.5381
http://www.knowledgecongress.org
###
Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao
Director, Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao
Director, Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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