Managing the Clearing Platform Transition Process

Transitioning your platform can be a vital component of making sure your firm is successful for many years to come. Managing your firm’s platform transition is a significant undertaking that will impact most areas of your business. Consistency of communication with your leadership, employees and vendors is just one part of a very complex process…. READ MORE

Attending ILS Bermuda Convergence Conference 2017

Oyster Consulting (Bermuda) Managing Director Alison Morrison will be attending the ILS Bermuda Convergence Conference 2017 in Hamilton, Bermuda on October 18-18, 2017. Alison has been involved in the financial services industry in Bermuda, Cayman and the British Virgin Islands for over 25 years. She has worked as a part of multi-national firms and has… READ MORE

Morrison Attending WAIS 2016 Bermuda Conference

Oyster Consulting (Bermuda) Managing Director Alison Morrison will be attending the  World Alternative Investment Summit (WAIS) Conference from September 28-30, 2016 in Bermuda. Alison has been involved in the Financial Services industry in Bermuda, Cayman and the British Virgin Islands for over 25 years. She has worked as a part of multi-national firms and has… READ MORE

Oyster Consulting (Bermuda) Presents AML Audit/Sanctions Lecture

  Oyster Consulting (Bermuda) Ltd Consultant Henry M. Komansky, J.D., presented another in his very popular series of lectures on 7th September 2016 discussing the new requirement under the Bermuda Proceeds of Crime Amendment Act 2015 for AML audits as well as sanctions, with a focus on UK and Bermuda laws and regulations. On 1… READ MORE

Will Your AML Program Stand Up to Scrutiny?

Both the SEC and FINRA listed anti-money laundering (“AML”) as an examination priority for 2016. This should not be a surprise to anyone that works for a broker-dealer.  Broker-dealers have been subject to ever-increasing scrutiny on this topic since the adoption of the USA PATRIOT Act. Unless you aren’t paying attention, you have certainly seen… READ MORE

High Frequency Trading Firm Sanctioned for “Marking the Close”

By: Mike Nolan What is Happening: High frequency trading is being scrutinized more closely than ever. For the first time, the SEC recently sanctioned a New York-based, high frequency trading firm for market manipulation. According to the SEC, for several months in 2009 the firm was using aggressive, rapid-fire trades during the final two minutes… READ MORE

Elder Financial Abuse: Best Practices to Keep Your Clients Protected

Elder financial abuse is on the rise, and will likely increase as the Boomer generation continues to age. Investors over the age of 50 control 70% of the nation’s wealth, making them ripe for recruiting as clients, and unfortunately, targets. As the number of elder abuse claims grows, the SEC has increased its scrutiny of… READ MORE