Training Seminars
In September 2005, the Securities Transfer Association, Inc. (STA), a 97 year-old international securities advocacy organization initiated a cost effective, inter-active and up-to-date training program. Identifying and reducing potential liabilities, while improving security-holder services is the program’s goal.
There are two types of programs offered: open-enrollment and on-site. Through Dec. 2007, there were twenty-three open-enrollment seminars presented. In addition, forty-seven on-site programs were requested and conducted. Fourteen of the forty-seven were held throughout various provinces of Canada. The on-site sessions were often arranged after an individual attended an open-enrollment seminar and thought that others in their organization would benefit. Over 1,150 representatives from more than 130 organizations in 40 states and Canada have attended these eight-hour sessions.
This program is not just for securities transfer personnel. Participants from brokerages, consulting and software firms, corporations/issuers and information organizations have attended. Many bank securities services and trust divisions have combined their operations and administration staffs at on-site sessions.
Among the attendees’ comments:
- Securities transfer de-mystified. Great seminar. Thank you.
- Instructor entertaining, engaging and knowledgeable. A lot of class involvement.
- We promoted the program to new staff. Should have promoted to entire staff.
- This seminar would be excellent for administrators to learn about the industry and great as a refresher for management.
- Great presentation. I learned and laughed at the same time.
- Kevin was very interesting and informative. He made an 8-hour presentation seem much shorter.
Seminar Objectives
The securities industry is fascinating. The only constant in it is change. This is particularly true at present. The direct registration system and the paperless legals concept are just two of the industry transformations at present. There are a number of misconceptions relating to these and other matters. An understanding of the entire process is not something that can be accomplished on-line. We explain the investor, bank/broker, depository, corporation-transfer agent relationship. Through numerous real life anecdotes, case studies and examples, we clarify each individual’s responsibilities. One’s overall knowledge and understanding will be enhanced. This will enable the members of the securities industry to service the investors who are the individuals who support our industry.
Who Should Attend
Anyone involved directly or indirectly in the security-holder or transfer process, either in an administrative or operations capacity will benefit. This includes individuals who set up accounts, affix medallion guarantees, review legal documents, replace securities, service issuers, prepare regulatory reports, answer telephones and respond to correspondence. Even if the function is performed by an organization on your behalf, you should be aware of and know their policies and practices. The ultimate responsibility could be yours!
Many transfer agents have invited representatives from the organizations they service to attend. They want the issuers to see the myriad of duties and potential liabilities they navigate on their behalf. Individuals who have attended include representatives from the following areas:
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Administration Call Centers Compliance Corporate Actions Corporate Communications Corporate Trust Custody Customer Service Dividend Reinvestment |
Escheatment Internal Audit Investor Relations Law Mutual Funds New Accounts Operations Personal Trust Shareholder Services |
Instructor
Kevin P. Irwin is the coordinator and instructor of the Association’s training curriculum. Kevin is widely recognized and respected as one of the foremost trainers in the securities industry. He has conducted over 800 securities training programs at banks, brokerages, corporations, depositories, exchanges, mutual funds, securities associations and transfer agents. One of his recent sessions was for over 100 examiners at the New York Stock Exchange. The Federal Bureau of Investigation and the New York City Police Department’s Fraud Squad have attended and benefited from his programs, as well.
Kevin is frequently a guest speaker at industry conferences and annual meetings. He stresses involvement and participation. Attendees routinely praise the contents of his seminars, as well as his presentation skills. One indicator is the often repeated comment that the program was too short after an eight hour session!
Seminar Fee
To maximize the effectiveness of the learning process, attendance at all sessions is limited to 25 individuals. For firms with 10 or more potential attendees, we recommend 2-day split sessions on your site. The savings for these programs are substantial.
The fee for open-enrollment programs is $500 for the first attendee from an organization and $400 for each additional participant. Securities Transfer Association, Inc. member organizations receive a 10% discount.
The cost for an on-site presentation starts at $2,500 plus expenses for which 10 individuals are entitled to attend. For each additional attendee, the fee increases in increments of $100. Again, STA members receive a 10% discount.
Every attendee will receive:
- Program Text
- STA Guidelines (to purchase separately, the Guidelines cost $100 for STA members and $250 for non-members)
- Certificate of Attendance
- Buffet Lunch & Refreshments (for open-enrollment sessions only)
- Phone Access to Instructor
Important Notice
Eligible attendees will receive 7.50 Certified Corporate Trust Specialist (CCTS) or 7.50 Certified Securities Operations Professional (CSOP) continuing education credits when applied for.
