On December 23, 2020, the SEC issued a request for comment regarding the application of the Customer Protection Rule to digital asset securities. With the request for comment, the SEC also issued a statement indicating that, if a broker-dealer operates under specific circumstances set out in the statement, it would not seek enforcement action on… READ MORE
Financial Services consulting firm expands Governance, Risk and Compliance team Oyster Consulting welcomes Ed Wegener to the firm as a Managing Director with the Governance, Risk and Compliance team. Ed brings a deep knowledge of compliance, risk management and supervisory controls requirements and best practices for broker-dealers and alternative trading systems. His vast experience as… READ MORE
On January 9, 2020, FINRA released its 2020 Risk Monitoring and Examination Priorities Letter. While many of the priorities are continuations from previous years and all areas are important, the recent Letter pointed to some new or refined focus areas: Sales Practices Regulation Best Interest: There are still many firms that have not started the… READ MORE
The program of insightful and engaging events will explore future opportunities and challenges presented by emerging technologies such as artificial intelligence, blockchain, digital assets, insurtech and virtual reality.
Oyster’s Evan Rosser, Terry Schafer and Michael Segal are attending the Crypto-Evolved Conference in New York, June 25th, 2019. “Crypto Evolved is the only industry conference dedicated to the development of the institutional digital-asset market. Through a high-quality agenda focused on key issues impacting capital markets, Crypto Evolved will attract senior representatives from traditional Wall… READ MORE
Last week, JP Morgan announced the launch of “JPM Coin.” We thought it would be good to recap our posts over the past year on the topic of cryptocurrencies and coin offerings and update you on the current state of this market. As 2018 began, the market capitalization for cryptocurrencies and other digital assets had reportedly exceeded… READ MORE
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) released its 2019 Examination Priorities on December 20, 2018. While most of the topics are familiar, there are a few new items of note. OCIE has divided its priorities into four categories: Retail Investors, Including Seniors and Those Saving for Retirement OCIE will… READ MORE