Digital Assets – Where Are We Now?

Last week, JP Morgan announced the launch of “JPM Coin.”  We thought it would be good to recap our posts over the past year on the topic of cryptocurrencies and coin offerings and update you on the current state of this market.   As 2018 began, the market capitalization for cryptocurrencies and other digital assets had reportedly exceeded… READ MORE

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Should You Be Thinking about Your Clearing Platform?

Constantly changing market factors, evolving regulations, and advancements in technology have resulted in competitive challenges that are causing forward-thinking firms to determine the appropriate process, technology, financial and strategic investments to stay ahead or even just keep up. In a rapidly changing environment, the analysis to decide if it’s best to invest in your current platform or consider a different path should not be ignored or pushed too far into the future. One of… READ MORE

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Oyster Consulting Hires Compliance, Risk and Audit Specialist

Financial Services consulting firm responds to industry need for compliance and operations outsourcing expertise   Brian Moran recently joined Oyster Consulting as a Director, expanding our ability to help industry members address risk, legal, operational, financial, sales practice and compliance issues with expertise in Trust Regulations, Federal Banking, OCC, and FDIC, SEC and FINRA Rules…. READ MORE

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Former FTB Advisors CCO Joins Oyster Consulting

  Oyster responds to industry need for operations and compliance experts   Nikki Brinkerhoff recently joined Oyster Consulting as an Associate Director, expanding Oyster’s Operations and Compliance practices. The move increases the firm’s ability to help industry members optimize operations and compliance functions, as well as design and implement technology solutions to improve operational excellence, improve… READ MORE

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NASAA & FINRA Reports Point to Regulatory Expectations for Heightened Supervision

FINRA’s 2019 Risk Monitoring and Examination Priorities Letter was released last week. While the letter’s second paragraph lists areas of focus which are detailed throughout the report, the third paragraph includes a brief statement about how FINRA will focus on risk related to associated persons with a “problematic regulatory history”.  Where there was not a… READ MORE

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FINRA Notice 19-04 – 529 Share Class Self-Report Initiative

On January 28th, 2019 the Financial Industry Regulatory Authority (FINRA) released Regulatory Notice 19-04, calling attention to FINRA concerns that firms may have failed to reasonably supervise share class selection in 529 plans.  Specifically,  customers may have  purchased an “inappropriate” share class. FINRA encourages firms to review their controls and determine if any clients were… READ MORE

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GDPR is in Effect – What Now?

If you had been listening to all the proclamations on May 25, 2018 when GDPR was to come into effect, you may have been surprised when it felt like any other Friday.  GDPR came into effect quietly and no one was fined in all of 2018. Don’t take that to mean that European Data Protection… READ MORE

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