Oyster Introduces Weekly “Oyster Stew” Podcast to Keep Industry Members Informed

Oyster Consulting invites you to listen to our weekly podcast “Oyster Stew:  A Broth of Financial Commentary and Insight.”   Each week we will be posting a 15 – 20 minute discussion about what is happening in the industry based on what we see as we work with clients, regulators and other service providers. We… READ MORE

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New CAT FAQs and Reporting Scenarios

On October 8, 2019, Consolidated Audit Trail, LLC and FINRA CAT, LLC added three new Frequently Asked Questions (FAQ’s) to the master FAQ list on the catnmsplan website. FAQ D26 details reporting requirements related to Order Receipt reporting obligations.  Specifically, the new FAQ provides guidance and clarity on contingent order handling instruction flags. The second… READ MORE

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Regulators Continue to Focus on Senior Clients in Exams – Are You Ready?

Registered Investment Advisor (RIAs) should expect SEC exams to contain document request lists and specific questions focusing on how they are protecting seniors and vulnerable adults.  In RIA examinations performed this year by the SEC, document request lists and specific questions asked during the onsite interview process reflected the importance the SEC is placing on… READ MORE

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CAT Connectivity Deadlines – Establish Connectivity Methods and Be Ready for Testing

FINRA CAT, LLC hosted two industry webinars concerning CAT Connectivity on August 29th and September 26th, 2019 which provided a summary of CAT interfaces and connectivity methods.  Three connection methods for file submittal were outlined for Industry Members (IMs). Private Line provided by a Managed Network Service Provider (MNSP) After an industry RFP, CenturyLink was… READ MORE

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Consolidated Audit Trail (CAT) – Will Your Firm Be Ready To Report?

Broker-dealers are facing the looming December 2019 deadline for the new reporting requirements for the Consolidated Audit Trail (CAT).  Many firms put the CAT requirements at the bottom of their “to-do” list since it has been almost seven years since the original SEC Rule 613 was passed.  But the time for implementation is finally here,… READ MORE

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Oyster Consulting Expands Executive Leadership Team

Industry Veterans Add Depth and Breadth to Products and Services Oyster Consulting announced today that Managing Directors Pete Bowman, Polly Cordle and David Williams have joined the executive team as the firm realigns its management structure for the next phase of growth. Pete Bowman, Managing Director, Strategic Planning and Execution, works with major platform providers and… READ MORE

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2019 NASAA Annual Conference Highlights Investment Advisor Exam and Enforcement Activity

2019 marked the 100th year of state regulation of the securities industry.  Although this milestone was the focus of the 2019 NASAA Annual Conference last week in Austin, Texas, NASAA also released two reports on the results of coordinated examinations of state registered investment advisors and enforcement activity. According to the 2019 Investment Advisor Coordinated… READ MORE

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