Name: FMS Education Day
Start: 2025-12-02T13:00:00-05:00
End: 2025-12-02T17:00:00-05:00
Location: KPMG

FMS Education Day

TUESDAY, December 2, 2025

new york, ny

TUESDAY, December 2, 2025

Register

Enhance your expertise in brokerage accounting

On December 2 in New York City, attendees gathered for an in-person Education Day, focused on SEC Rule 15c3-3 and Internal Controls Over Compliance (ICOC), to:

- Deep dive into customer reserve requirements

- Get their brokerage operations questions answered by industry experts

- Connect with securities finance professionals across the capital markets

Attendees were eligible for up to 3.5 CPE credits.

Hosted by the SIFMA Financial Management Society (SIFMA FMS).

FEATURED Speakers

Ornella Bergeron

SVP, Risk Monitoring

FINRA

Steven Bruns

Director

PwC

Pete Driscoll

Partner, PwC

Former SEC Director

Michael Lyons

Chair, FINRA Financial Responsibility Committee

John Martino

Vice President, Examinations

FINRA

Vincent Marzano

Managing Director, Broker Dealer Reporting

Bank of America

Michael Rufino

National Associate Director (B/D); Associate Regional Director, NY Office, SEC

PROGRAM

All times are in ET.

1:00 p.m. – 1:05 p.m.

Welcome and Opening Remarks

Speaker:

Jeffrey Walling, Partner, KPMG

1:05 p.m. – 1:30 p.m.

Intro to Brokerage Accounting and the Stock Record

This session offers a practical introduction to brokerage accounting fundamentals, covering the basics of the stock record, SEC Rule 17a-3(5), and accounting for typical brokerage activity.

Speaker:

Chris Zottarelli, Audit Managing Director, KPMG

1:30 p.m. – 3:30 p.m.

SEC Rule 15c3-3 -Customer Reserve and Possession or Control

This session will discuss the essentials of SEC Rule 15c3-3 (Customer Protection Rule), covering key definitions, control requirements, and best practices for compliance—plus hands-on exercises on stock record allocations and segregation calculations.

Speakers:

Mark Axelrod MBA, CPA, Vice President, Regulatory Reporting, Deutsche Bank Securities

Del Thomas, Executive Director, JPMorgan

3:30 p.m. – 4:00 p.m.

Internal Controls Over Compliance (ICOC) and Non-compliance / Material Weakness considerations

This session will discuss the basics of Internal Controls Over Compliance (ICOC) and SEC Rule 17a-5 compliance reporting, including considerations for assessing control deficiencies and instances of non-compliance.

Speaker:

Chris Zottarelli, Audit Managing Director, KPMG

4:00 p.m. – 4:05 p.m.

Closing Remarks

4:05 p.m. – 5:00 p.m.

Networking Reception

Sponsored by KPMG

VENUE

KPMG Office
345 Park Ave
New York, NY 10154

Register

SIFMA Member Rate

$100

Non-Member Rate

$199

Regulator Rate

$50

Registration is required to participate. This program is offered in-person only and will not be available virtually.

Note: Registration has closed. Questions? Please contact SIFMA Conferences.

Useful Information

Registration Questions

Questions? Contact SIFMA Conferences.

Media

Please contact Katrina Cavalli for our press policy.

Accessibility

It is a priority to make our events inclusive and accessible for all. For questions or requests, please contact SIFMA Conferences.

Cancelations and Refunds

Cancelations received by November 17, 2025, will receive a refund minus a $50 processing fee. Refunds are not given for no-shows.

Substitutions

Substitutions are welcome; please contact SIFMA Conferences.

Code of Conduct

Inappropriate behavior at SIFMA events is not tolerated. View our Code of Conduct and anonymous incident report form.

CPE CREDITS

FMS Education Day: SEC Rule 15c3-3 is eligible for up to 3.5 CPE Credits.

Field of Study: Accounting - Technical (3.5 hours)

Program Level: Intermediate

Delivery Method: Classroom

Advance Preparation: None

Please note:

CPE credit is only available to those who attend in-person on December 2, 2025, and submit the CPE tracker. Instructions on submitting the tracker to receive credits will be provided to in-person attendees on-site in NYC on December 2.

CEU Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.