Filing Deadline Approaches for Form BE-10 for Foreign Investments for Funds and Managers

What’s Happening: In 2014, the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) reinstated mandatory reporting of U.S. investment s abroad through Form BE-10 (2014 Benchmark Survey of U.S. Direct Investment Abroad). While the information the BEA collects is used to analyze the performance of the U.S. economy, the information submitted is confidential. The… 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

Activity in Low Priced Stocks Poses Operational Risks

By: George Jennison FINRA handed out one of its largest fines ever last year to a firm claiming that it ignored its Anti-Money Laundering obligations when accommodating client activity in low priced stocks. That $8 million fine was not levied against a broker-dealer operating a boiler room operation in penny stocks, rather it was levied… READ MORE