As Regulators Concentrate on Fees, Oyster Consulting Hires Former CFP Board Managing Director Michael P. Shaw
RICHMOND, Va., July 16, 2015 /PRNewswire/ — Oyster Consulting announced today it has hired Michael P. Shaw as Managing Director in its Greater Washington area location. The move continues Oyster’s expansion as a regulatory and compliance leader, enhancing its ability to help investment advisors, broker-dealers and exchanges respond to increasing SEC and FINRA expectations regarding fee and ethics compliance.
Shaw is the former Managing Director, Professional Standards and Legal, of the Certified Financial Planner Board of Standards, Inc., responsible for implementing compliance procedures that incorporated regulatory requirements, firm policies and the ethical standards associated with financial services designations. Previously, Shaw served as Director, Assistant Corporate Secretary, Office of the Chairman, of the Financial industry Regulatory Authority (FINRA), providing guidance on FINRA rules relating to annual certification of compliance and supervisory processes, anti-money laundering programs and municipal securities transactions.
“Michael brings great depth of experience over a broad range of issues in the investment advisor arena,” explains George Jennison, Oyster Consulting President. “His positions on both the CFP Board and with FINRA bring to Oyster and its clients a unique perspective on regulatory compliance.”
Shaw said, “It is an honor to join Oyster Consulting, a firm that has earned a reputation for developing comprehensive, straightforward compliance solutions to often complex financial regulations for its clients. Even considering the significant changes to the regulatory landscape these last 15 years, new regulations that would impose a fiduciary standard of care appear closer every day. I look forward to being part of a team at Oyster that has the experience to assist financial institutions to comply with these new regulations.”
ABOUT OYSTER CONSULTING
Oyster Consulting supports financial services firms with audit, regulatory, compliance, financial, strategic management, operations, trading and technology consulting services, creating simplicity in a complex environment. Oyster’s team brings over a thousand years of combined experience as senior executives, program managers, developers, business analysts and subject matter experts. Oyster’s practical solutions help broker-dealers, investment advisors, hedge funds, mutual funds, ETFs, high-frequency trading firms, private equity firms and exchanges protect and grow their businesses.
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Michael P. Shaw
4128 Innslake Dr.
Glen Allen, VA 23060