SEC Releases Findings of Broker Dealers Involved in Sale of Securities of Microcap Companies

By: Evan Rosser What’s Happening: On October 9, 2014, the SEC released findings from its examination of 22 broker-dealers identified as being frequently involved in the sale of the securities of microcap companies. Specifically, the SEC evaluated compliance with the firms’ obligations to (1) perform a “reasonable inquiry” in connection with customers’ unregistered sales of… READ MORE

Evan Rosser in Investor News Article FINRA Expected to Adopt CARDS Despite Vocal Industry Resistance

Evan Rosser, Senior Consultant at Oyster Consulting LLC and former Vice President and Director of Enforcement at FINRA and its predecessor, the National Association of Securities Dealers, was recently quoted in a November 16 Investor News article discussing the likelihood of FINRA adopting CARDS, an automated tracking system to detect abusive broker conduct. While some… READ MORE

High Frequency Trading Firm Sanctioned for “Marking the Close”

By: Mike Nolan What is Happening: High frequency trading is being scrutinized more closely than ever. For the first time, the SEC recently sanctioned a New York-based, high frequency trading firm for market manipulation. According to the SEC, for several months in 2009 the firm was using aggressive, rapid-fire trades during the final two minutes… READ MORE

Elder Financial Abuse: Best Practices to Keep Your Clients Protected

Elder financial abuse is on the rise, and will likely increase as the Boomer generation continues to age. Investors over the age of 50 control 70% of the nation’s wealth, making them ripe for recruiting as clients, and unfortunately, targets. As the number of elder abuse claims grows, the SEC has increased its scrutiny of… READ MORE

New Website for Oyster Consulting Bermuda

We are excited to announce the launch of the new Oyster Consulting Bermuda website! Please take a few moments to browse the site, search our experienced staff bios, and find out more about our services and the types of clients we serve. We designed the site to be responsive on any device and fully functional… READ MORE

Oyster Consulting (Bermuda) Ltd. Opens New Office

Oyster Consulting (Bermuda) Ltd., celebrated its new office space in Cumberland House on Victoria Street last week. Oyster Consulting (Bermuda) Ltd. will continue to focus on comprehensive compliance, operational and cost-effective consulting to financial services and related firms. “We are looking forward to having room to expand and better serve our clients as we continue… READ MORE