8:00am - 9:00am • Registration
9:00am - 5:00pm • Workshop, including Luncheon

1. Valuation – The Issue of the Hour
   
   1. Update on Implications of FAS 157
      
   2. Board Responsibilities for Valuing Hard to Value Securities
      
   3. When to Use “Fire Sale” Values
      
   4. SEC Expectations for Monitoring Valuation Procedures
      
2. Update on Money Market Funds
   
   1. Issues in Current Losses
      
   2. Overview of Key Rules
      
3. Update on Trading Issues
   
   1. Lessons from the Gifts and Entertainment Cases
      
   2. The New Focus on Friends and Relatives at Brokers
      
   3. Soft Dollar Update: Commission Sharing Arrangements and New Foreign Rules
      
   4. How New Rules have Changed the Markets: Regs NMS and SHO
      
4. New Issues for ETFs
   
   1. Actively Managed ETFs
      
   2. SEC Rule Proposal
      
5. Key Issues with Retirement Products
   
   1. Suitability and Sales Practice Standards for Selling to Seniors
      
   2. Products for Retirement Planning: Combing Insurance with Mutual Funds
      
   3. New Rules for Variable Annuity Sales
      
   4. Advertising to the Retirement Market
      
   5. ERISA Concerns When Marketing to Retirement Vehicles
      
6. Implications of a Broker’s Failure
   
   1. Summary of Key Elements of a SIPC Liquidation
      
   2. Bankruptcy Protections when a Broker Fails
      
7. Update on SEC Inspections
   
   1. Current Priorities
      
   2. New Procedures
      
   3. Best Practices for Preparing for an SEC Inspection
      
8. Proposals for Regulatory Reform