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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Compliance Procrastinators – With 2020 Compensation Planning Heating Up- Now is the Time to Make Sure Reg BI is Fully Understood

Reg BI has made some decisions very easy. The rule requires firms to “identify and eliminate sales contests, sales quotas, bonuses, and non-cash compensation that are based on the sale of specific securities or specific types of securities within a limited period of time.” With compensation planning for 2020 discussions typically heating up in the fall,… READ MORE

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Broker-Dealer Consolidated Report Enforcement Actions

Are Your Internal Controls, Written Procedures and Supervisory Reviews Enough? If you have reviewed the enforcement actions filed by FINRA related to the use of consolidated reports by broker-dealers, you are probably wondering if you are doing enough to protect your firm.  Here is what you need to know to help make that determination. Consolidated… READ MORE

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Former Tradeweb Direct Head of Markets Joins Oyster Consulting

Financial Services consulting firm responds to demand for expertise in Capital Markets, Electronic Fixed Income Trading and Transition Management Michael Segal joins the Oyster Consulting as a Managing Director, expanding Oyster’s ability to provide consistent, high-quality services in trading operations, infrastructure and technology platforms. Michael has a proven track record of successfully establishing and expanding… READ MORE

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