Reg BI and Form CRS: Compliance Still Expected by June 30, 2020

Reg BI Update – SEC Warns that “firms should continue to make good faith efforts around operational matters to ensure compliance by June 30, 2020”   With so many firms changing how they serve their retail clients during the COVID-19 outbreak, the SEC issued a Public Statement on April 2nd related to Regulation Best Interest… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

New Podcast: The Consolidated Audit Trail (CAT) – What You Should Be Doing Now

On March 16, 2020 the SEC announced no-action relief to allow Participants to delay implementation of Consolidated Audit Trail (CAT) until May 20, 2020.  This announcement comes as the industry deals with disruptions as a result of COVID-19, and members must make difficult prioritization decisions around staff required to implement CAT. This is an excellent opportunity… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

New Podcast: Risk Assessments – Keeping Your Firm Focused

Our March 25th episode of Oyster Stew features Oyster CEO Buddy Doyle and Polly Cordle, Managing Director of Oyster Solutions Software, discussing the importance of risk assessments, especially in today’s volatile financial situation.  Included are best practices for creating and maintaining risk assessments, regulatory reporting around risk, and how Oyster Solutions Software makes maintaining and reporting risk assessments easy. Understanding… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

NASAA Offers Resources for State and Provincial Pandemic Responses

Now is not a time to be shy about interacting with regulators to help understand how to respond to your issues and concerns in response to the Covid-19 outbreak. The North American Securities Administrators Association, Inc. (NASAA) is comprised of states and provincial securities regulators in the United States, Canada and Mexico. NASAA is acting… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

Form ADV and Form PF Relief: Understanding the SEC’s Exemptive Order

The SEC provided an exemptive order this week in response to the COVID-19 event.  In limited circumstances, Investment Advisors and Exempt Reporting Advisors will have an additional 45 days from the original deadline to complete and submit their annual filings or material changes. Procrastinators need to understand that there are specific circumstances requirements to meet… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

CAT Implementation Delayed Due to COVID 19

On March 16, 2020 the SEC announced no-action relief to allow Participants to delay the implementation of Consolidated Audit Trail (CAT) until May 20, 2020.  This announcement comes as the industry deals with disruptions as a result of COVID-19, and members have to make difficult prioritization decisions around staff required to implement CAT.  Market volatility… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

New Podcast: Why Outsourcing Your Clearing Platform Assessment, Selection and Implementation Processes Makes Sense

Whether you are considering exploring your clearing options, changing from self-clearing to fully-disclosed (or vice-versa) or starting a broker-dealer, Oyster will help you make the best decisions with an assessment of your business, analysis to help drive decisions, and even walk you step-by-step through a vendor selection and conversion processes. In this week’s episode of… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+