Effective Remote Testing

Remote work is the current normal.  Since March, Oyster has led conversions for clients without ever being onsite, started new businesses with client’s we’ve never met in person, and completed virtual exams.  For years, some or all our testing has been conducted remotely depending on the client’s needs.  For the last four months, all of… READ MORE

Supervisory Controls Testing – Is Rule 3120 On Your To-Do List?

The beginning of the year is often a time for getting organized; reviewing and updating your firm’s compliance calendar to include FINRA’s required annual supervisory controls testing and reporting should be on your to-do list.  FINRA Rule 3120 requires broker-dealers to have in place a system of policies and procedures that annually test and verify… READ MORE

Reg SCI Compliance is a Good Idea for Everyone, Not Just Exchanges

What’s Happening: Remember Regulation SCI? Unless you are an exchange or a systemically important market participant, the answer is “probably not.” You’ve undoubtedly heard of the “Flash Crash” of 2010, or maybe the Nasdaq system problem that messed up the Facebook IPO, or the “glitch” on July 8, 2015 that halted trading on the NYSE…. READ MORE