SIFMA Regulation Best Interest Vendor Forum – Where Are We Now? (161 days to Implementation!)

Last week, SIFMA hosted a sold-out Reg BI Vendor Forum at its New York Conference Center and Oyster’s consultants attended to receive the most up-to-date information on how our competitors are handling the challenges and client concerns.  This was not a conference where regulators explain their expectations, but industry professionals and vendors discussed dealing with… READ MORE

Compliance Procrastinators – With 2020 Compensation Planning Heating Up- Now is the Time to Make Sure Reg BI is Fully Understood

Reg BI has made some decisions very easy. The rule requires firms to “identify and eliminate sales contests, sales quotas, bonuses, and non-cash compensation that are based on the sale of specific securities or specific types of securities within a limited period of time.” With compensation planning for 2020 discussions typically heating up in the fall,… READ MORE

Oyster Publishes SEC Exam Priorities White Paper

Oyster Consulting’s recent white paper SEC 2017 Exam Priorities White Paper (February, 2017) offers compliance professionals items to take into consideration for each topic addressed in the letter. If you have any questions or concerns about any of these topics, please contact us.  Our consultants are experts in these areas and have the experience and perspective… READ MORE

Alert – The SEC Division of Investment Management Issues Robo Advisor Guidance Update

Regulators are taking a close look at electronic investment advice. After specifically mentioning the topic in the SEC’s  2017 Exam Priorities Letter, last week the SEC Division of Investment Management issued a Guidance Update covering: Disclosures to be made about the robo-advisor and the services offered Advisor’s obligation to obtain client information necessary to providing… READ MORE

Oyster Consultants Published in February Issue of the NSCP’s Currents Magazine

Oyster Consultants recently contributed the article “The SEC’S 2017 Priorities: What They Are and What Compliance Professionals Need to Know” to the National Society for Compliance Professional’s (NSCP) latest issue of Currents, the organization’s publication for industry professionals.  The article offers compliance professionals items to take into consideration for each topic. View the article: The SECS 2017… READ MORE

Political Contributions – Managing the Pay to Play Rule

If you live in the United States, it is impossible to avoid the constant chatter about the upcoming Presidential elections. And as the weather warms, the local and state elections are starting to heat up too. It is also a good time for advisors to remind employees of their obligations under MSRB Rule G-37 and… READ MORE

Oyster Senior Consultant Harriet Britt Contributes Article to April Issue of NSCP Currents

Oyster Senior Consultant Harriet Britt recently contributed her article, “FINRA Digital Advice and the Robo-World” to the National Society for Compliance Professional’s (NSCP) latest issue of Currents, the organization’s monthly publication for industry professionals.  The article reviews FINRA’s “Report on Digital Advice,” including  supervision of testing algorithms and tools, fees and expenses, investor profiles and… READ MORE