“While Proposed Rule 18f-4 would bring some long overdue order to almost 40 years of commission and staff guidance in the use of derivatives for SEC registered investment companies, it’s not without cost. The compliance concerns, responsibilities and new oversight regimes proposed by the SEC are significant and deserve careful review and comment.”
Horwitz is a Managing Director at Oyster Consulting, LLC, in the Chicago office. He rejoined Oyster in 2015, after serving as general counsel, secretary and chief compliance/regulatory officer at three Chicago-based exchanges (Intellectual Property Exchange International, North American Derivatives Exchange and OneChicago, LLC), and as an adjunct professor of futures and derivatives law and regulation at Chicago-Kent College of Law.
The website also announced Jeffrey Schuh’s recent migration to Oyster Consulting as Director.
“I will be focused on two major areas: [advising on] contracts on the financial and operational sides and doing general compliance consulting,” Schuh said. “My background is in fund accounting and operations.”
Schuh joins from Fintergra, a retail broker-dealer supporting two bank channel representatives and independent contractors, where he was chief operating officer and chief financial officer. He also served as chief compliance officer to two institutional broker-dealer affiliates of Wells Fargo.
“I joined Oyster because of their level of expertise,” Schuh said. “I contacted other firms in the Twin Cities and outside [of Minneapolis] and saw that Oyster is used a lot. Once I met with the people there, it was a good personality fit. They are leading the industry by helping firms comply with regulatory changes, which are coming down the pike extremely fast, and that’s what I’m interested in.”
To read the entire Schuh announcement, click here.