AICPA and SIFMA FMS National Conference on the Securities Industry

Date

October 11 - October 12, 2017

Location

New York, NY or Webcast

Hosted by

AICPA and SIFMA FMS

Overview

Join senior executives and regulatory policymakers at The National Conference on the Securities Industry this fall to examine the latest developments in evolving securities regulations, auditing and accounting requirements. Hosted by the American Institute of Certified Public Accountants (AICPA) and the SIFMA Financial Management Society (SIFMA FMS) and available in-person or via webcast.

2017 discussions include:

  • A senior executive’s view of the securities industry
  • Analyst perspective of the banking and securities industries
  • Recent and pending accounting and auditing pronouncements from FASB and industry experts
  • PCAOB feedback on inspections of broker-dealer audits
  • Open Q&A session with representatives from the SEC, FINRA and CFTC

Program

8:00am – 8:30am

Registration and Breakfast

8:30am – 8:40am

Participants

Anthony Stucchio

Speaker

Anthony Stucchio

Managing Director, COO- DCRO America's Head & Chief Operations Officer

Deutsche Bank Securities Inc.

Anthony Stucchio’s Biography

8:40am – 9:30am

Fidelity is one of the most recognized financial services firm in the U.S. It manages $5.4 trillion assets for 25 million individual customers. In April of 2016, Fidelity announced that…

Fidelity is one of the most recognized financial services firm in the U.S. It manages $5.4 trillion assets for 25 million individual customers. In April of 2016, Fidelity announced that Gerard McGraw was named chief financial officer of Fidelity’s parent, FMR LLC. In that role he leads the finance and brokerage operations groups and reports directly to report to Abigail P. Johnson, president and chief executive officer, and serves on the board of directors of FMR LLC. Gerry began his career on the examination staff of the NYSE (predecessor to FINRA) and as a regulatory reporting professional (a former member of the SIA’s Financial Management Division). In addition to providing insight on challenges and opportunities in the financial services industry and Fidelity’s approach to the future environment, Gerry will also reflect on his career and comment on what he sees as key drivers for growth as a securities finance professional.

Participants

Grace Vogel, Gerard McGraw

Moderator

Grace Vogel

Managing Director, Financial Services Advisory Practice

PwC

Grace Vogel’s Biography

Panelist

9:30am – 10:20am

DTC has always played a “central” role in clearance in the securities industry but the importance of that role has been formally recognized by the Financial Stability Oversight Council.   Michael…

DTC has always played a “central” role in clearance in the securities industry but the importance of that role has been formally recognized by the Financial Stability Oversight Council.   Michael Bodson will discuss the changes it has made in response to regulatory and other influences since the financial crisis, what challenges it DTC faces in the future and how the decisions it has made or will make may impact its clearing members.

Participants

Lawrence Rosenberg, Michael C. Bodson

Moderator

Lawrence Rosenberg

Audit Partner

Deloitte & Touche LLP

Lawrence Rosenberg’s Biography

Speaker

Michael C. Bodson

President & Chief Executive Officer

DTCC

Michael C. Bodson’s Biography

10:20am – 10:40am

Networking Break

10:40am – 11:30am

Brad was a leading analyst covering the financial services industry and is now a professor at NYU’s Leonard N. Stern School of Business where he teaches a course entitled: “Managing…

Brad was a leading analyst covering the financial services industry and is now a professor at NYU’s Leonard N. Stern School of Business where he teaches a course entitled: “Managing Financial Businesses”. The course examines business model, economic drivers and management challenges of four segments of the financial services industry. He still follows the financial industry and will provide his views and insights around the economic and regulatory implications that impact it.

Participants

Charles Hintz

Speaker

Charles Hintz

Adjunct Professor of Finance

New York University’s Stern School of Business

11:30am – 12:20pm

Under PCAOB Standards, auditors of broker-dealers have a responsibility to consider the possibility of financial fraud. Jonny Frank began his professional career as a Federal prosecutor in the U.S. Department…

Under PCAOB Standards, auditors of broker-dealers have a responsibility to consider the possibility of financial fraud. Jonny Frank began his professional career as a Federal prosecutor in the U.S. Department of Justice, where he rose to Executive Assistant United States Attorney for the Eastern District of New York. He brings nearly 40 years of public, private and education sector experience in forensic investigations, compliance and risk management. Jonny will discuss different types of frauds that occur in financial services firms and help us understand how to spot them.

Participants

Jonny J. Frank

Speaker

Jonny J. Frank

Partner

StoneTurn

Jonny J. Frank’s Biography

12:20pm – 1:20pm

Sponsored by EY 

Sponsored by EY 

12:45pm – 1:15pm

The Washington Update will provide the latest information on the legislative and regulatory actions relating to the financial services industry. It will also include perspectives on the potential impact of…

The Washington Update will provide the latest information on the legislative and regulatory actions relating to the financial services industry. It will also include perspectives on the potential impact of the presidential election on the financial markets and what it could mean for the economy, firms and investors.

Participants

Carter K. McDowell

Speaker

Carter K. McDowell

Managing Director, Associate General Counsel

SIFMA

Carter K. McDowell’s Biography

1:30pm – 2:20pm

FINRA’s Department of Enforcement plays a vital role in investigating potential securities law violations and, where warranted, bringing formal disciplinary actions against firms and individuals.  Traditionally, accountants and regulatory reporting…

FINRA’s Department of Enforcement plays a vital role in investigating potential securities law violations and, where warranted, bringing formal disciplinary actions against firms and individuals.  Traditionally, accountants and regulatory reporting professionals have not actively engaged with FINRA’s enforcement staff.  In light of several recent cases in the financial reporting area involving both firms and associated persons, in this interview Ben Indek will explore with Susan Schroeder the enforcement process in effort to demystify its workings.  This will encompass a discussion on several key areas, including why and how an examination finding is referred to enforcement for investigation, the enforcement inquiry process, and the factors taken into account in determining whether individuals are charged.

Participants

Ben A. Indek, Susan A. Schroeder

Moderator

Panelist

Susan A. Schroeder

Executive Vice President and Head of Enforcement

FINRA

Susan A. Schroeder’s Biography

2:20pm – 3:35pm

This panel will explore the current and potential use of artificial intelligence and machine learning in the financial services industry by financial firms, regulators and independent auditors.

This panel will explore the current and potential use of artificial intelligence and machine learning in the financial services industry by financial firms, regulators and independent auditors.

Participants

Traci Gusher, Scott W. Bauguess, Grace Brasington, Marc T. Macaulay

Moderator

Traci Gusher

Managing Director – Data & Analytics

KPMG

Traci Gusher’s Biography

Panelists

Scott W. Bauguess

Deputy Chief Economist, Deputy Director, Division of Economic and Risk Analysis

U.S. Securities and Exchange Commission

Scott W. Bauguess’s Biography

Grace Brasington

Global Leader for Risk and Compliance, Financial Services Solutions, Industry Platforms

IBM Watson

Grace Brasington’s Biography

Marc T. Macaulay

Cognitive Technology Audit Leader

KPMG

Marc T. Macaulay’s Biography

3:35pm – 3:55pm

Networking Break

3:55pm – 5:10pm

This panel brings together heads of accounting policy at the largest securities firms to discuss how recent accounting pronouncements and other challenges that they may face. Among other things, they…

This panel brings together heads of accounting policy at the largest securities firms to discuss how recent accounting pronouncements and other challenges that they may face. Among other things, they will discuss the new FASB revenue recognition standard and how it is impacting financial service firms.

Participants

Dan Palomaki, David Bonnar, Rhoda Dhar, Jeannine Hyman

Moderator

Dan Palomaki

Managing Director, Institutional Clients Group (ICG) Controller

Citi

Dan Palomaki’s Biography

Panelists

David Bonnar

Global Head of Advisory & Policy and Corporate Control Services

Morgan Stanley

David Bonnar’s Biography

Rhoda Dhar

Managing Director, Accounting Policy and Assurance

Credit Suisse Securities (USA) LLC

Rhoda Dhar’s Biography

Jeannine Hyman

Director and Head, Treasury Accounting Policy

Citi

Jeannine Hyman’s Biography

5:10pm – 5:15pm

Participants

Joseph D’Auria

Speaker

Joseph D’Auria

President

SIFMA Financial Management Society

Managing Director, Regulatory Reporting

Jefferies LLC

Joseph D’Auria’s Biography

5:15pm – 6:15pm

Sponsored by: BDO

Sponsored by: BDO

8:30am – 8:50am

Registration and Breakfast

8:50am – 9:00am

Participants

Christopher Donovan

Speaker

9:00am – 9:50am

FINRA's CEO, Robert Cook, will be interviewed by Giovanni Prezioso of Cleary Gottlieb Steen and Hamilton. Robert Cook and Giovanni Prezioso will discuss Robert’s first year as the FINRA CEO…

FINRA's CEO, Robert Cook, will be interviewed by Giovanni Prezioso of Cleary Gottlieb Steen and Hamilton. Robert Cook and Giovanni Prezioso will discuss Robert’s first year as the FINRA CEO and reflect on what he learned during his “listening tour”. They will also provide insight on “FINRA 360”, a comprehensive self-evaluation and organizational improvement initiative that FINRA is currently conducting.

Participants

Giovanni P. Prezioso, Robert W. Cook

Moderator

Speaker

Robert W. Cook

President and Chief Executive Officer

FINRA

Robert W. Cook’s Biography

9:50am – 10:40am

The mission of the FASB is to establish and improve financial accounting and reporting standards to provide useful information to investors and other users of financial reports and educate stakeholders…

The mission of the FASB is to establish and improve financial accounting and reporting standards to provide useful information to investors and other users of financial reports and educate stakeholders on how to most effectively understand and implement those standards. Hal will review recently enacted accounting standards which may have a direct impact on the securities industry and provide an update on potential evolving issues.

Participants

Jaime L. Eichen, R. Harold “Hal” Schroeder

Moderator

Jaime L. Eichen

Partner

EY

Jaime L. Eichen’s Biography

Speaker

10:40am – 11:15am

Networking Break

11:15am – 12:30pm

What should a young securities finance professional do to advance their career? Chip Verrone, the Chair of the FMS leadership committee, will explore that with a panel of accomplished industry…

What should a young securities finance professional do to advance their career? Chip Verrone, the Chair of the FMS leadership committee, will explore that with a panel of accomplished industry leaders.  They will review the kinds of things that helped them in their successful careers, including the key decisions that they made and influence and help that they got along the way.

Participants

Stephen (Chip) Verrone, Robert J. (Bob) Chersi, Susan Cosgrove, Anthony Stucchio, Grace Vogel

Moderator

Stephen (Chip) Verrone

Executive Director

EY

Stephen (Chip) Verrone’s Biography

Panelists

Robert J. (Bob) Chersi

Executive Director, Center for Global Governance, Reporting & Regulation

Pace University

Adjunct Professor, Finance & Economics Department

Pace University's Lubin School of Business

Robert J. (Bob) Chersi’s Biography

Susan Cosgrove

Managing Director and Chief Financial Officer

DTCC

Susan Cosgrove’s Biography

Anthony Stucchio

Managing Director, COO- DCRO America's Head & Chief Operations Officer

Deutsche Bank Securities Inc.

Anthony Stucchio’s Biography

Grace Vogel

Managing Director, Financial Services Advisory Practice

PwC

Grace Vogel’s Biography

12:30pm – 1:50pm

Sponsored by EY 

Sponsored by EY 

2:00pm – 2:50pm

The session will focus on recent and potential changes to the auditing standards applicable to audits of broker-dealers, significant findings from inspections by the PCAOB, and other relevant PCAOB activities.

The session will focus on recent and potential changes to the auditing standards applicable to audits of broker-dealers, significant findings from inspections by the PCAOB, and other relevant PCAOB activities.

Participants

Mary Kay Scucci, Robert J. Maday, Barbara K. Vanich

Moderator

Mary Kay Scucci

Managing Director, Dealer Accounting/Capital

SIFMA

Mary Kay Scucci’s Biography

Panelists

Robert J. Maday

Deputy Director, Division of Registration and Inspections

Public Company Accounting Oversight Board

Robert J. Maday’s Biography

Barbara K. Vanich

Associate Chief Auditor, Office of the Chief Auditor

Public Company Accounting Oversight Board

Barbara K. Vanich’s Biography

2:50pm – 3:10pm

Networking Break

3:10pm – 4:50pm

The banking, securities and commodities regulators have been working on measures that will impact that size and liquidity of brokerage firm balance sheets. These measures will directly impact return on…

The banking, securities and commodities regulators have been working on measures that will impact that size and liquidity of brokerage firm balance sheets. These measures will directly impact return on equity and will drive business decisions of the leadership of securities firms. This panel will explore those measures and their impact.

Participants

Michael P. Jamroz, Michael A. Macchiaroli, Thomas J. Smith, Bill Wollman

Moderator

Michael P. Jamroz

Retired Partner, Senior Advisor Under Contract

Deloitte & Touche LLP

Michael P. Jamroz’s Biography

Panelists

Michael A. Macchiaroli

Associate Director, Division of Trading and Markets

U.S. Securities and Exchange Commission

Michael A. Macchiaroli’s Biography

Thomas J. Smith

Deputy Director, Division of Swap Dealer and Intermediary Oversight

Commodity Futures Trading Commission

Thomas J. Smith’s Biography

Bill Wollman

Executive Vice President, Member Regulation - Regulatory Oversight & Operational Regulation

FINRA

Bill Wollman’s Biography

4:50pm – 5:00pm

Participants

Michael P. Jamroz

Speaker

Michael P. Jamroz

Retired Partner, Senior Advisor Under Contract

Deloitte & Touche LLP

Michael P. Jamroz’s Biography

Venue

New York Law School

185 West Broadway
New York, NY 10013

For nearly 125 years, New York Law School has been a leader in providing an innovative legal education, delivered by a world class faculty, in the most important city in the world.

Picture of venue

Hotel Accommodations

SIFMA does not have a room block for this meeting. If you need hotel accommodation, here are suggested properties near the conference venue:

Tribeca Grand Hotel
2 Avenue of the Americas
New York, NY 10019
(212) 519-6600

Hilton Garden Inn Tribeca
39 Avenue of the Americas
New York, NY 10013
(212) 966-4091

Cosmopolitan Hotel-Tribeca
95 West Broadway
New York, NY
(212) 566-1900

Accreditation

Attendees are eligible to receive Continuing Professional Education (CPE) Credits for this conference. AICPA is an accredited CPE provider in the United States. For more information on CPE credits, contact AICPA Conferences at 888.777.7077.

Media

Media Inquiries
Contact Liz Pierce at 212.313.1173.

Media Registration
Contact Emily Reinus at 212.313.1339.

Policy
View SIFMA’s official press policy.

Media Partnerships
Custom media partnership opportunities are available for almost every objective and budget, with benefits including complimentary event passes. Contact Monica Ilyevsky at 212.313.1263 before September 2, 2017.

Terms and Conditions

Policy
SIFMA reserves the right to remove, bar, or expel any attendee or guest from the conference for disruptive, disrespectful, or possibly illegal conduct, statements, or actions or for any reason which may tarnish the conference, SIFMA, or its members, in SIFMA’s sole discretion. SIFMA shall not refund any money paid for such attendee or guest to attend the conference, or for any travel expenses incurred to attend the conference.

Attendee Roster
For your name to be included in the Attendee Roster, your completed registration form and payment must be received no later than two weeks prior to the event. Registrations received after that time will not be included in the Roster.

Substitutions
Conference registration substitutions are welcome. Email [email protected] with the following information and we will confirm the change: original registrant’s full name, substitute registrant’s full name, mailing address, title, phone and email.

Cancellations
Refunds will granted for cancellations made three weeks prior to the start of the event. All cancellation requests are subject to a $100 processing fee and must be made in writing.