Regulatory Relief – Financial Regulatory Response to the Global Pandemic and What More is Required
Financial regulators have been closely monitoring the impact of COVID-19 on their registrants, the financial markets and the U.S. economy as a whole. The SEC, FINRA, NASAA and state securities regulators each have response centers tracking orders, guidance, extensions and other regulatory measures to provide needed relief in light of the novel coronavirus.
Listen in as we discuss various regulatory developments in response to the COVID-19 outbreak and whether the relief extended is sufficient to address the unique and immediate concerns of companies and intermediaries in the current market environment. This discussion will include a consideration of how regulatory enforcement is being handled, how this crisis compares to the last financial crisis, and the comparative regulatory measures taken in 2008 and now.
Alexander ParkPartner, Alston & Bird
Karen GarnettPartner, Proskauer Rose LLP
Mark QuinnDirector of Regulatory Affairs, Cetera Financial Group
Mark Quinn is the Director of Regulatory Affairs for Cetera Financial Group, the corporate parent of a group of broker-dealers and Registered Investment Advisors with more than 8,000 financial advisers located across the United States. In that role, he manages a team of professionals handling interactions with agencies including the SEC, FINRA, U.S. Department of Labor, and state regulatory authorities. He also manages advocacy with respect to regulatory and legislative policy on behalf of Cetera.
Prior to joining Cetera, Mr. Quinn was the Chief Risk Officer of First Allied Securities, Inc., and prior to that, General Counsel of Royal Alliance Associates. In those roles and in private law practice, he has focused on representation of broker-dealers, investment advisers, and registered representatives in arbitration, litigation, and regulatory matters. He is a past Chairman of the Compliance Council of the Financial Services Institute and the Retirement Plans and Tax Regulatory Committee of the Insured Retirement Institute, and a current member of the District Committee for FINRA District No. 2. Mr. Quinn holds a B.S. in Finance from Arizona State University and M.B.A. and J.D. degrees from the University of Denver. He is a member of the Colorado, New York, and Florida bars.
Valerie MirkoPartner & Co-leader Securities Regulation & Litigation Practic, Armstrong Teasdale