Statement from the President


Dear GSA Members & Associates:

I sincerely appreciate the opportunity to serve the Georgia Securities Association as President this year. Under the leadership of Katy Ryan, the entire GSA Board of Directors worked very hard in 2006 to fulfill the mission of the Association. We are looking forward to building on the successes from previous years to educate the membership, communicate important issues with the membership, lobby on behalf of the membership, give back to the community, and provide opportunities for networking with colleagues.

Last year, in addition to hosting a presentation by long-time corporate sponsor Aflac Inc., we hosted several meetings to educate the membership which featured outstanding speakers such as Ralph Acampora, Director of Knight Research at Knight Capital Group, Brett Redfearn, Senior Managing Director and Market Structure Strategist of Bear Stearns, and "Dr. Bob" Froehlich, Vice Chairman & Chief Investment Strategist of Scudder Investments.

This year will inevitably present challenges to our community of investment professionals. With the help of our parent organization, the Security Traders Association, the GSA will provide timely information on the changes affecting our markets as well as be an influential voice in legislative matters that affect our industry. Please take the opportunity to refer to this website for updates on any issues and events targeted to GSA members.

As successful and responsible members of the investment community, the Georgia Securities Association makes an effort to give back to the local community. In 2006, the GSA made charitable donations of over $50,000, the largest of which was to the Georgia Council on Economic Education to support the Georgia Stock Market Game. The Stock Market Game is a comprehensive educational tool that provides students with real life skills and experiences in math, computers, reading finance, and the American economic system. It consists of a 10-week simulation that allows participants primarily from grades 4 through 12 to invest a hypothetical $100,000 in the stock market. The students think they are playing a game, but they are really learning economic and financial concepts they will use for the rest of their lives.

The GSA also gave four college scholarship awards of $4,000 each to needy recipients whose families are involved in our industry, and we made a donation to Bert's Big Adventure. Bert's Big Adventure is a special trip designed to provide families a magical weekend at Walt Disney World. These families have children, aged 5 to 12, who are experiencing a chronic or terminal illness, and have a proven financial need. The GSA is extremely grateful to the membership and in particular to the corporate and preferred sponsors for their continued financial support which makes all of our charitable giving endeavors possible.

The GSA Fall Outing continues to afford members a tremendous opportunity for professional interaction and we are looking forward to this year's event on October 18th & 19th. The business meeting and dinner will again be held on Thursday evening at the Georgia Aquarium. We are hoping to match last year's enormously successful event, so please mark your calendar and take advantage of the chance to meet your peers and exchange ideas.

Finally, the Georgia Securities Association can only thrive with your participation. We need your help to guide our industry and its investors through an ever-changing workd, and we are always looking for new ways to involve our members. Please feel free to contact me directly with any thoughts that can help make our organization better. With your financial support and personal involvement, we can face the 21st century with the education and the confidence needed as members of the Georgia Securities Association. The upcoming year promises to be an exciting one for our industry and we look forward to seeing you throughout 2007.

Sincerely,


Joseph M. Roman
President