Short Interest Reporting

Broker-dealers are required to create and submit Short Interest Reports to ensure compliance with FINRA Rule 4560. Oyster’s industry experts can perform a thorough and comprehensive review of your firm’s practices. Oyster will document the review process and provide to your firm a written report of gaps identified, areas requiring improved controls, and recommendations for industry best practices. The Oyster review will include:

  • Written procedures related to processing of short sales and short interest reporting
  • Organizational structure
  • Supervisory controls
  • Regulatory and internal audit findings
  • System documentation
  • System implementation controls
  • Testing short interest reports

The Oyster Difference

Oyster will create test scripts to define scenarios and expected outcomes for each scenario to help your firm determine if there are gaps in its current short interest reporting process. Oyster’s consultants who specialize in Short Interest Reporting have an average of over 20 years of experience, and have worked with a variety of broker-dealers, clearing firms, and trade reporting platforms. We have the industry knowledge and practical expertise to go above and beyond a simple compliance review of your firm.