Form ADV Changes Are Around the Corner – Are You Ready?

Last August the U.S. Securities and Exchange Commission (“SEC”) issued a final rule expanding the information required on Form ADV.  All investment advisers making Form ADV filings as of October 1, 2017 will need to include the applicable additional information.   The following is a guideline for the new information required on Form ADV Part 1:… READ MORE

SEC Form ADV Revisions – Performance Books and Records Retention

Whether it is part of your annual 206(4)-7 testing or a routine on your compliance calendar, making sure your records are in order is a basic requirement.  On August 25, 2016, the SEC adopted multiple amendments to Part 1A of Form ADV (“Form ADV”), which include amendments to the books and records rule under the… READ MORE

Oyster Consulting Wins Fund Consultancy Services Firm of the Year Award

Oyster Consulting was recently awarded the 2016 Fund Consultancy Services Firm of the Year award. The Global Fund Awards is an international awards program that recognizes performance and service providers who support the global finance industry. The judging panel at Corporate LiveWire placed each shortlisted candidate under intense scrutiny, setting its sights firmly on the… READ MORE

Join us TODAY for the NSCP – Oyster Consulting Webinar: “The MCDC Initiative”

On June 18, 2015, the SEC released its first settlements with municipal securities underwriters on their continuing disclosure obligations under SEC rule 15c2-12, also known as “MCDC”. These come after firms self-reported violations of compliance with the rule last fall. It is estimated that hundreds of additional settlements may be in process. Join us on… READ MORE

The Department of Labor’s Proposed Fiduciary Rule: How Will It Impact Investment Advisers?

The new Department of Labor (“DOL”) Rule changes the definition of “fiduciary” under the Employee Retirement Income Security Act (“ERISA”), expanding the universe of financial professionals who would be deemed to be fiduciaries. Most of the Rule’s requirements become effective April 10, 2017.  The full disclosure provisions, the policies and procedures requirements, and the contract… READ MORE

Your CCO Must Be A Strong Leader

Investment advisors, investment companies and broker-dealers must have a Chief Compliance Officer (CCO) to design a compliance program that complies with the rules and regulations that govern your firm. To fulfill their obligation, the CCO needs to be knowledgeable, competent and empowered to do the job. It is vital that your CCO be a leader… READ MORE