The financial services industry is rapidly changing. Each week our consultants share their thoughts on regulatory news and industry hot topics. Our insights are gained through our experiences as successful industry practitioners and from working with hundreds of clients. Whether you are an executive trying to stay ahead of the curve or are new to the industry and want to learn more, this is the podcast for you.
Episode 2 January 15, 2020 Oyster Solutions Software – Making Your Annual Compliance Calendar and Review More Efficient and Effective
In this episode, Managing Director Polly Cordle and Consultant Gray Houghton share how Oyster Solutions Software can make your Annual Compliance Calendar and Review processes easier and more efficient using workflows and automated reporting.
Oyster Solutions is one “solution” for many systems:
- A system to track various workflows and processes across multiple departments.
- Advertising submission tracking including teaching your employees how to submit “compliant” pieces
- A system that produces metrics and reporting dashboards for management to assess progress
- Trade monitoring and best interest alert system to advise when portfolios fall out of line
- System(s) for tracking employee attestations and training throughout the calendar year
- A system to keep in line policies with procedures and ensure one doesn’t exist without the other
Episode 1 January 8, 2020 When Does outsourcing Your CCO Role Make Sense?
Deciding whether or not to outsource the Chief Compliance Officer role is an important decision. In this episode, Oyster Consulting Directors Nikki Brinkerhoff and Dean Pelos discuss things you should consider when making this decision, including resource availability, experience, and interaction with regulators.
Episode 10 December 18, 2019 ‘Twas the Night Before the Exam
Enjoy our holiday take on the popular ‘Twas the Night Before Christmas poem as our fictional CCO realizes the benefits of hiring Oyster Consulting to assist with his regulatory exam.
Episode 9 December 11, 2019 Should You Outsource Your FinOP Position?
If you are having trouble keeping up with your FinOP reporting, worried about making mistakes, or are a newly-licensed FinOP but need more experience, outsourcing the job, even temporarily, may be the answer. This week Oyster Founder and CFO Rob Hall and FinOP Consultants Jeff Harpel and Clark Tucker talk about what an outsourced FinOP can do for your firm and common mistakes FinOPs make.
Episode 8 December 4, 2019 Effective Expert Witnesses
Oyster Consulting General Counsel Patrick M. Dennis and Independent Consultant Andy Favret discuss what makes an effective Expert Witness, as well as the typical industry cases they have participated in as an expert witness.
Episode 7 November 15, 2019 Mad Men Era Advertising Rule Changes Proposed
The SEC Advertising Rule hasn’t been amended since 1961 – a time before widespread use of desktop computers, cell phones, social media or even websites. This episode, Part 1 of 2, discusses the proposed changes in detail and what firms should be thinking about when assessing their advertising materials.
Episode 6 November 6, 2019 Reg BI – The Compliance Obligation
Oyster CEO Buddy Doyle, General Counsel Patrick M. Dennis and Managing Director Polly Cordle discuss the Reg BI Compliance Obligation and the core things firms should focus on to fulfill that obligation, including: Products, Advertising & Marketing and Training.
Episode 5 October 30, 2019 Reg BI – The Disclosure Obligation
Oyster Managing Director Polly Cordle, Associate Director Nikki Brinkerhoff and Senior Consultant Lance Whittemore discuss the Regulation Best Interest Disclosure Obligation – what it means for broker-dealers, advisors and dual registrants. Topics also include disclosure and conflict examples, as well as Form CRS requirements.
Episode 4 October 23, 2019 Reg BI – The Care Obligation
In this episode, Oyster Consultants Bob Tuch and Joe Sisti, along with Oyster’s General Counsel Patrick M. Dennis, discuss the Regulation Best Interest (Reg BI) Care Obligation. Bob and Joe touch on factors to consider when making recommendations, “reasonable available alternatives,” account selection and rollover recommendations.=
Episode 3 October 16, 2019 Reg BI – The Conflicts of Interest Obligation
This episode discusses the Regulation Best Interest (Reg BI) Conflicts of Interest Obligation, including: identifying and assessing conflicts; disclosure, mitigation, elimination and monitoring; new product review around conflicts; escalating conflicts; conflict surveillance; and, disclosure reviews.
Episode 2 October 9, 2019 Reg BI – It’s a Bigger Deal Than You Might Think
(Recorded October 3, 2019) Reg BI is a bigger deal than you might think, and the implementation deadline is only 9 months away. This episode presents an overview of the four Obligations of Reg BI and what firms need to be doing. Reg BI will affect many, many aspects of a firm’s policies and operations, from marketing and advertising to compensation, recommendations and communications, to name a few. Patrick gives an update on what regulators and industry members are saying, and touches on the complexity of Form CRS. Polly discusses what Oyster Solutions, our governance, risk and compliance software, is doing to help our clients be ready for Reg BI.
Episode 1 June 10, 2019 Regulation Best Interest (Reg BI) – Now in Play
With the passing of Reg BI last week, this week is all about it!!