Jeffrey Hiller Joins Oyster Consulting

Jeffrey Hiller joins Oyster Consulting as a Managing Director of our Governance, Risk and Compliance team. Jeffrey’s experience developing and managing global and domestic compliance programs with international Investment Advisors will enhance the team’s ability to serve its clients with solutions to large and complex organizations, to solve compliance concerns and provide outsourced and expert… READ MORE

2019 NASAA Annual Conference Highlights Investment Advisor Exam and Enforcement Activity

2019 marked the 100th year of state regulation of the securities industry.  Although this milestone was the focus of the 2019 NASAA Annual Conference last week in Austin, Texas, NASAA also released two reports on the results of coordinated examinations of state registered investment advisors and enforcement activity. According to the 2019 Investment Advisor Coordinated… READ MORE

The Business Case for Evaluating your Clearing Partner

The economic impact to retail broker-dealers of their clearing strategy is larger than ever. Whether deciding between self clearing vs. fully-disclosed, or choosing the best provider when the answer is obvious, a thoughtful analysis and due diligence must be conducted to achieve your best results.  Much is riding on this decision in order to protect your firm… READ MORE

Reg BI Article Published by Oyster Director Evan Rosser

In April 2018, the SEC presented its long awaited rule proposal Regulation Best Interest (“Reg BI”) as a three-part regulatory package aimed at reforming the way that investment professionals serve retail investors. If enacted as proposed, Reg BI would impose upon broker-dealers an obligation to act in a retail customer’s “best interest” when recommending securities… READ MORE

Need an Expert Witness? Here’s What to Look For

Selecting the right expert witness can affect the duration and outcome of your case.  In addition to providing testimony, expert witnesses can help you evaluate the strengths and weaknesses of a case before it ever goes to trial, review deposition testimony of fact witnesses, account statements, client agreements and procedures, and provide rebuttal reports. Attributes… READ MORE

What is Digital Mining? – Behind the Distributed Ledger Curtain

What is Digital “Mining?” Blockchain or distributed ledger technology is a shared ledger, duplicated across a network of computers or operators of “nodes” on the network, typically referred to as “Miners”.   Blockchain secures the data using encryption and the decentralized manner of retaining individual records across a wide group of operators of nodes, so that… READ MORE