Oyster Consulting Hires David Osborne, Expands Strategic Planning and Execution Team

Osborne adds operations, clearing and integration depth to help firms stay competitive RICHMOND, Va., February 2, 2021 — Oyster Consulting announced today that David Osborne has joined the Strategic Planning and Execution team.   With 30 years in the financial services industry, David Osborne’s leadership experience in operations, risk, vendor management and correspondent-related services bolsters Oyster’s… READ MORE

Oyster Consulting Expands Midwest Presence

Industry Veterans Anderson, Roth and Wegener Bolster Consulting Firm Oyster welcomes Steve Anderson to the firm, adding depth to its mid-west presence.  Steve joins other recent mid-western hires Jim Roth and Ed Wegener, as well as Mary Jane Phillips, who joined the firm in 2018.  With over 25 years in the financial services industry, Steve’s… READ MORE

Market Access Rule 15c3-5: Still a priority for FINRA

The Market Access Rule (Rule 15c3-5) remains on FINRA’s priority list – they have provided guidance on the rule and initiated enforcement actions against firms struggling to adhere to it. Oyster Consulting often works with clients after regulators have found issues with their Market Access program. It’s in your firm’s best interest to take a proactive look… READ MORE

New Podcast: Understanding Risk-Based Regulatory Exams

For registered financial services firms, regulatory exams in the past have instilled the gamut of emotions from annoyance to anxiety, to outright fear. Fortunately, much of this could be mitigated with a better understanding of the exam process, the necessity for robust risk assessments, and by nurturing the firm’s relationship with it’s regulatory contact. This… READ MORE

Lessons from Regulatory Notice 20-16: Transition to Remote Work and Remote Supervision

FINRA recently released a regulatory notice to help firms understand how their peers are responding to the COVID-19 outbreak.  In this Regulatory Notice (Notice), the FINRA staff shared certain observations based on discussions with member firms about steps taken to transition personnel to a remote work environment.  The observations were not offered as recommended practices… READ MORE

SEC Examinations that Focus on Compliance with Regulation Best Interest

The SEC’s Office of Compliance Inspections and Examinations (OCIE) has issued a Risk Alert to provide broker-dealers with information about the scope and content of its initial examinations for compliance with Regulation Best Interest (Reg BI).  For additional information about the requirements of Reg BI, please see our blog entitled SEC Adopts Reg BI. After… READ MORE