New Podcast: CCO – Behind the Scenes

In Episode 2 of our podcast miniseries “CCO – Behind the Scenes,” Jeffrey Hiller shares his lessons learned from decades in the industry as CCO for multiple global investment firms and as Senior Counsel for the SEC’s Division of Enforcement. This week’s topics include repeat violations and when and how to escalate issues successfully. Click… READ MORE

“CCO – Behind the Scenes:” The New Oyster Stew Podcast Mini-Series

Join Oyster Consulting’s Jeffrey Hiller in his new podcast mini-series, CCO – Behind the Scenes, as he shares his vast experience as both a Chief Compliance Officer (CCO) for several global investment firms and Senior Counsel for the SEC’s Division of Enforcement. Jeffrey literally helped write the book on modern regulatory compliance. Being CCO is… READ MORE

Former FTB Advisors CCO Joins Oyster Consulting

  Oyster responds to industry need for operations and compliance experts   Nikki Brinkerhoff recently joined Oyster Consulting as an Associate Director, expanding Oyster’s Operations and Compliance practices. The move increases the firm’s ability to help industry members optimize operations and compliance functions, as well as design and implement technology solutions to improve operational excellence, improve… READ MORE

FINRA Expands Permissive Registrations

FINRA is expanding its permissive registrations to include all associated persons, including those working solely in a clerical or ministerial capacity.  Previously, firms were only allowed to register or maintain the registrations of certain types of job functions (e.g., technology department employees). These changes take effect October 1, 2018. Registered individuals will be subject to… READ MORE

New FINRA Registration Categories Effective October 1st

In addition to the changes to its Principal Financial Officer and Principal Operations Officer designations, FINRA is establishing three new registration categories:  Compliance Officer, Investment Banking Principal, and Private Securities Offering Principal. These categories become effective October 1, 2018. All Chief Compliance Officers (CCOs) on Schedule A of the Form BD will have the CCO… READ MORE

Act Now – FINOP Changes Required October 1

FINRA is changing its registration requirements for Chief Financial Officers (CFOs) and Chief Operating Officers (COOs).  The new registration rules take effect October 1, 2018. It is more than just a title change.  The requirement for certain firms to have a CFO/COO (requiring Series 27/28 licensing) is being applied to ALL firms, and the registration… READ MORE

Ready or Not – May 11th FINRA Customer Due Diligence Requirements Are Here

FINRA recently published an updated version of its Small Firm Template: Anti-Money Laundering (AML) Program to address amended broker-dealer requirements under FINRA Rule 3310 and the Bank Secrecy Act (“BSA”).  The amended Rule reflects the Treasury Department’s Financial Crimes Enforcement Network’s (“FinCEN”) adoption of the final rule, referred to as the Customer Due Diligence (“CDD”)… READ MORE