In the spring of 2020, many Investment Advisors chose to participate in the Paycheck Protection Program, accepting loans designed to support employee retention. At the time, Oyster received a lot of questions from clients and others asking if a firm’s participation in this program should be disclosed and whether this disclosure should be treated as… READ MORE
Recently Oyster has been covering ESG topics that have been front and center in both the headlines and with regulators. Today, we are taking a step back to address the basics of what ESG is, how it evolved, and why it is such a cornerstone subject for some investors and businesses. What is ESG? You… READ MORE
In the 2021 Report on FINRA’s Examination and Risk Monitoring Program, one of the issues FINRA highlights is insufficient documentation regarding expense-sharing agreements, an issue that remains on the list year after year. The requirements are clear. The broker-dealer is required to account for all expenses as if it were a stand-alone entity. If it… READ MORE
The industry has successfully implemented phase 2a,2b and 2c of CAT reporting and testing has begun for phase 2d which has a compliance go-live date of December 13th, 2021. For the most part, transactional reporting has gone well. Phase 2d will bring more complex products requiring multi-leg reporting scenarios. However, there are still some aspects… READ MORE
Wherever you were on your technology modernization journey, the COVID-19 pandemic has likely caused changes in your plans. Many organizations have been pleasantly surprised by the ROI they’ve experienced from COVID’s “forced” digital business transformation.
Are you using this opportunity to its full advantage?
An assessment of your firm’s trading desk processes can help maximize the performance of your desks by: improving desk efficiencies, such as streamlining market access, automating trade execution and the transaction flow through the back office providing perspective and tools for management reporting and oversight to maximize risk weighted returns and effective allocation of capital… READ MORE
Many leaders at broker-dealers have a strong belief, and they are typically right, that there is no money laundering occurring within their firm. Unfortunately, belief alone isn’t enough to satisfy the requirements and expectations of regulators. As regulators continue to look closely at broker-dealers on the topic of anti-money laundering (AML), firms should review and… READ MORE