Overview
Hear directly from FINRA, CFTC and PCAOB regulators on their latest initiatives and key priorities. Discover how these decisions may influence your company’s practices and bottom line, get critical updates on regulatory, accounting and auditing issues, and keep up with recent developments, such as the use of cryptoassets, and the ongoing impact of COVID-19.
Through our comprehensive agenda and immersive online platform, you’ll gain expert guidance and real-world strategies from current and former regulators, Big 4 leaders and other industry specialists on implementing the latest accounting standards, dealing with regulators, mitigating risks, and more.
AGENDA HIGHLIGHTS
• State of the Brokerage Industry
• The Impact of COVID-19
• Regulatory Trends, Industry Initiatives & Challenges
• Technical Accounting Update
• SEC Standard of Conduct Rulemakings: Regulation Best Interest & Form CRS
• Auditing Standards Update
• Comments from the CFTC
• SEC Enforcement
LEARNING OBJECTIVE To update financial professionals working for broker-dealers on the latest rules and regulations from the SEC,
PCAOB and FASB, and show them the best ways to handle these rules.
PREREQUISITE None. ADVANCE PREPARATION None. PROGRAM LEVEL Update. NASBA FIELD OF STUDY Accounting.
DELIVERY METHOD Self-Study.
Speakers
CONFERENCE CO-CHAIRS
Sarah Kenny, Director, National Professional Services Group, PwC, is an expert in valuation and fair value estimates, as well as a thought leader in standard-setting activities.
Tim Vintzel, Audit Partner, Banking and Securities Group, Deloitte & Touche LLP, is a Chartered Financial Analyst who specializes in audits of large, multinational clients, and technical securities industry matters.
SPEAKERS INCLUDE
Wes Althoff, Senior Associate and Assistant General Counsel, SIFMA
Ann Cheeseman, Partner, Financial Accounting and Advisory Services (FAAS), Ernst & Young LLP
John Clemente, Director, Risk and Regulatory - Financial Services Advisory, PwC
Nicholas DiLorenzo, Associate, Financial Services Group, Dechert LLP
Thomas Favia, Managing Director, Regulatory Reporting, Goldman Sachs
Janet Fischenich, Senior Manager, Assurance – Financial Services, Ernst & Young LLP
Susan Grafton, Partner, Dechert LLP
Rachel Grandovic, Senior Manager, Accounting and Reporting Advisory, Deloitte
John Iacobellis, Assurance Partner, BDO
Kathryn Mahoney, Senior Director, Financial & Operational Risk Policy, FINRA
Nicole Nistorescu, Audit Senior Manager, BDO
Gerald Nudge, Associate Director, Branch Chief – Eastern Region, CFTC
Laura S. Pruitt, Partner in Financial Markets, Jones Day
Joe Thomas, Senior Manager, Financial Accounting Advisory Services, Ernst & Young LLP
Anthony Vinci, Director, Financial and Operational Risk Policy, FINRA
Mike Walters, Associate Director, PCAOB
Detailed Learning Objectives
• Identify which of the Regulation NMS rules establish minimum pricing increments
• Recognize the date the SEC’s Rule 610(c) access fee cap was last reduced
• Recognize the judicial statement being made in the DC Circuit Court’s decision regarding the SEC transaction fee pilot program
• Recognize the role of the LIBOR rate prior to calls for its reform
• Identify available pandemic-related business continuity plan guidance and regulatory relief
• Identify available reminders relating to the potential for fraud during the pandemic
• Identify available reminders relating to the potential for fraudulent phishing emails purporting to be from FINRA
• Recognize available guidance regarding firms transitioning to a remote work environment due to COVID-19
• Recognize the categories of FINRA FAQs related to regulatory relief due to the COVID pandemic
• Recognize the content of specified Regulatory Notices
• Identify current FINRA key topics
• Identify the current objectives of the PCOAB’s audit firm’s inspections program
• Recognize various PCAOB inspection results from the latest inspections of audits of brokers and dealers
• Recognize the PCAOB’s upcoming inspection program’s focus
• Identify the PCAOB’s identified financial statement audit risks
• Identify the COVID-19 risk factors specified by the SEC enforcement staff
• Identify the extent to which the SEC considers its messaging to marketplace stakeholders
• Recognize the most recently reported SEC fiscal year penalties and disgorgements
• Identify the sanction threshold for qualifying for a whistleblower reward from the SEC
• Recognize the pervasiveness of SEC enforcement weapons
• Recognize those individuals considered by the SEC to be individually accountable under their “gatekeeper” role
• Identify recent changes to GAAP as it affects broker-dealer reporting
• Identify the characteristics of recent changes to accounting for revenue, restricted cash, leases, and current expected credit losses
• Identify the markets overseen and regulated by the CFTC
• Recognize the characteristics and requirements of the SEC’s Regulation Best Interest
• Recognize the characteristics and requirements of the SEC’s Form CRS
