SEC Examinations that Focus on Compliance with Regulation Best Interest

The SEC’s Office of Compliance Inspections and Examinations (OCIE) has issued a Risk Alert to provide broker-dealers with information about the scope and content of its initial examinations for compliance with Regulation Best Interest (Reg BI).  For additional information about the requirements of Reg BI, please see our blog entitled SEC Adopts Reg BI. After… READ MORE

SEC Examinations that Focus on Compliance with Form CRS Requirements

Form CRS and its related rules (“Form CRS”) require SEC-registered broker-dealers and investment advisers to deliver to retail investors a brief customer or client relationship summary (relationship summary) that provides information about the firm.  The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has issued a Risk Alert to provide firms with information about the… READ MORE

Register Today for Oyster’s DOL Risk Assessment Webinar

  On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining the circumstances under which a financial professional will be deemed to be a fiduciary.  Among the critical initial steps that firms should be taking are an assessment of the potential impact of the rule and a gap… READ MORE

The SEC’s ReTire Initiative: An Examination Initiative Focused on Products and Services Provided to Retail Investors Saving for Retirement

Wolters Kluwer invited Oyster Senior Consultant Robert Tuch, Esq. to write the article “The SEC’s ReTire Initiative: An Examination Initiative Focused on Products and Services Provided to Retail Investors Saving for Retirement,” which is in the latest issue of Practical Compliance & Risk Management for the Securities Industry. We hope you find it useful. If… READ MORE

Variable Annuity Suitability – Are Your Representatives Making Suitable Product Recommendations?

What’s Happening: Variable annuities offer a number of complex features and options, which can be confusing for both investors and the financial professionals who offer them for sale. Among those features and options are fees, expenses and other charges that can vary depending upon how the product is designed. Examples include: sales charges, which may… READ MORE

Compliance Challenges for Dually-Registered Firms

Wolters Kluwer invited Oyster Senior Consultant Robert Tuch, Esq. to write an article on “Compliance Challenges for Dually-Registered Firms,” which is in the latest issue of Practical Compliance & Risk Management for the Securities Industry. We hope you find it useful. If you would like to hear more on this topic please call Oyster Consulting… READ MORE