The Securities and Exchange Commission released its final version of the modernized Marketing Rule under the Investment Advisors Act on December 22, 2020.
As firms begin to adjust to the “new normal,” which for many means staff and clients working remotely for an indefinite amount of time, it’s important to not lose sight of all the moving parts. Compliance is one of those, and now is a good time to look at your program and test it against… READ MORE
The SEC has issued a proposal to amend the Advertising Rules, which had their last major revision in 1961. To put that into perspective, most of the financial advisors in the industry were not born when these rules were established. There were no social media platforms, podcasts, blogs, email or websites. While it is… READ MORE
On April 10, 2018 Oyster Consulting hosted a webinar discussing the General Data Protection Regulation (“GDPR”), designed to protect the rights and data of European Union citizens, that takes effect May 25, 2018. This regulation is applicable, regardless of who holds the data or where that data is being held. Topics discussed included: The GDPR and… READ MORE
Confirmation that your firm does not hold any EU resident’s (“data subjects”) data is the first step in complying with the new General Data Protection Regulation (“GDPR”), effective May 25, 2018. There will still be some decisions and changes awaiting you. Firms without any EU residents’ data will be impacted in three main ways: deciding if the… READ MORE
General Data Protection Regulation (“GDPR”), a European Union (“EU”) regulation meant to protect the rights and data of EU residents (“data subjects”), comes into effect on May 25, 2018. This regulation protects the data of EU residents regardless of who holds the data or where that data is held. Will GDPR affect my firm? All firms,… READ MORE
On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining the circumstances under which a financial professional will be deemed to be a fiduciary. Among the critical initial steps that firms should be taking are an assessment of the potential impact of the rule and a gap… READ MORE