Political Contributions – Managing the Pay to Play Rule

If you live in the United States, it is impossible to avoid the constant chatter about the upcoming Presidential elections. And as the weather warms, the local and state elections are starting to heat up too. It is also a good time for advisors to remind employees of their obligations under MSRB Rule G-37 and… READ MORE

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Will Your AML Program Stand Up to Scrutiny?

Both the SEC and FINRA listed anti-money laundering (“AML”) as an examination priority for 2016. This should not be a surprise to anyone that works for a broker-dealer.  Broker-dealers have been subject to ever-increasing scrutiny on this topic since the adoption of the USA PATRIOT Act. Unless you aren’t paying attention, you have certainly seen… READ MORE

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Former Director of Rubicon International Joins Oyster Consulting as Relationship Manager

Financial services consulting firm adds relationship manager to assist with growth Oyster Consulting announced today that it has hired Gena Spitzer, former Director and Team Leader of Rubicon International. The move expands the consulting firm’s client services, as Oyster continues it’s ascent as a regulatory and compliance leader. Spitzer is the former Director and Team… READ MORE

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Oyster Senior Consultant Harriet Britt Contributes Article to April Issue of NSCP Currents

Oyster Senior Consultant Harriet Britt recently contributed her article, “FINRA Digital Advice and the Robo-World” to the National Society for Compliance Professional’s (NSCP) latest issue of Currents, the organization’s monthly publication for industry professionals.  The article reviews FINRA’s “Report on Digital Advice,” including  supervision of testing algorithms and tools, fees and expenses, investor profiles and… READ MORE

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Join us TODAY for the NSCP – Oyster Consulting Webinar: “The MCDC Initiative”

On June 18, 2015, the SEC released its first settlements with municipal securities underwriters on their continuing disclosure obligations under SEC rule 15c2-12, also known as “MCDC”. These come after firms self-reported violations of compliance with the rule last fall. It is estimated that hundreds of additional settlements may be in process. Join us on… READ MORE

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The Department of Labor’s Proposed Fiduciary Rule: What Investment Advisors Should Be Doing Now

The new Department of Labor (“DOL”) Rule changes the definition of “fiduciary” under the Employee Retirement Income Security Act (“ERISA”), expanding the universe of financial professionals who would be deemed to be fiduciaries. Most of the Rule’s requirements become effective April 10, 2017.  The full disclosure provisions, the policies and procedures requirements, and the contract… READ MORE

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The Department of Labor’s Proposed Fiduciary Rule: How Will It Impact Investment Advisers?

The new Department of Labor (“DOL”) Rule changes the definition of “fiduciary” under the Employee Retirement Income Security Act (“ERISA”), expanding the universe of financial professionals who would be deemed to be fiduciaries. Most of the Rule’s requirements become effective April 10, 2017.  The full disclosure provisions, the policies and procedures requirements, and the contract… READ MORE

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