Branch Exams and Program Design

Looking closely at data

Branch exams are a critical part of every broker-dealer’s system of compliance and controls and must address risk while ensuring your firm is complying with relevant rules and regulations. Whether you are looking to outsource the branch exam process required under FINRA Rule 3110(c) or to conduct a review of your firm’s Branch Exam program to ensure you are addressing risk while complying with relevant rules and regulations, Oyster is ready to help. Oyster’s review is risk-based and will be aligned with your lines of business and product mix. The review will include:

  • The previous year’s report and response
  • Employee records and Outside Business Activities
  • Advertising and Correspondence (Email and Social Media)
  • Trade activity and blotters supervisory review procedures
  • Space sharing arrangements
  • Supervisory controls and Written Supervisory Procedures
  • Operations Procedures, including handling of funds and securities
  • Office Security procedures
  • Signage
  • Procedures regarding client documents
  • Conflicts of Interest/Advisory
  • Customer complaints
  • High-risk products
  • Communications with the public/Advertising
  • Letters of authorization
  • Address changes
  • Trade corrections
  • Annuity exchange activity
  • Mutual fund pricing
  • Books and Records maintenance

Oyster Solutions software is a highly-customizable platform designed to make your firm’s risk assessment and branch office reviews and exams more efficient and effective. Oyster Solutions provides a risk inventory based on the products you offer, the structure of your organization, relevant regulations and the business processes you use. Part of this risk inventory includes a detailed, role-based branch office exam.

The Oyster Difference

Oyster knows that each compliance program should be unique, matching your business practices. Oyster provides both branch office on-site examinations outsourcing and program development assistance to improve your control environment.  Our experts have years of industry experience and can quickly prioritize the assessment with a thoughtful process. Oyster will review each Branch Exam program to ensure you are addressing risk while complying with relevant rules and regulations.