Outsourced Financial & Operating Principals
We have the expertise, experience and licensed professionals you need, all under one roof. When you outsource your Finance role, you get a team of experienced industry practitioners.
Oyster Consulting will provide your firm with an
outsourced FINOP, CFO or PFO who:
Understands the industry and your firm
Has the experience and resources to navigate
regulatory nuances and interpretations
Stays current with industry and regulatory changes
Has the expertise to ensure compliance with net capital reporting,
FOCUS filings, documentation and financial audit support
Provides transition support on an interim basis to allow you to find the best full-time candidate to replace departing employees.
We assist our clients with long-term solutions and short-term needs so you can spend your valuable time on investments and building client relationships.
Learn more from our Finance experts:
Updated Guidance Issued on Exemption Reporting
Posted on August 20th, 2020 by Jeff Harpel
Recently, the SEC and FINRA issued Frequently Asked Questions (FAQs) concerning the exemptive provisions of SEC Rule 15c3-3 and reporting under SEC Rule 17a-5 for monthly and quarterly Focus reports, annual Exemption reports and for updating membership agreements. Who is Affected? The FAQs relate to Non-Covered firms, broker-dealers that do not: meet any of the… READ MORE
What makes a strong FINOP?
FINRA requires all broker-dealers to designate a Principal Financial Officer (PFO), Principal Operations Officer (POO) and a Financial and Operations Principal (FINOP). Each of these positions must have passed the appropriate licensing exam to be registered as a Financial and Operations Principal (Series 27 or 28), depending on the broker-dealer’s business. In small firms, these… READ MORE