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 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!!