Branch Exams and Program Design

Branch exams are a critical part of every broker-dealer’s system of compliance and controls, and must address risk while ensuring your firm is complying with relevant rules and regulations.  Branch exams are more than just walking into a location and working from a standard checklist. Branch location types, business lines, products, firm changes and varying… 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

Register Today for Oyster’s DOL Risk Assessment Webinar

  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

Operational Efficiency – Software and Outsourcing Can Help

To remain competitive, firms must boost operational efficiency to cut costs and deliver consistent quality customer service. For financial services firms, this includes developing and refining procedures to help mitigate risk to protect you and your clients.  For CCOs, efficient and effective procedures create consistency and reduce risk. What You Should Do: Conduct a review… READ MORE

Reg SCI Compliance is a Good Idea for Everyone, Not Just Exchanges

What’s Happening: Remember Regulation SCI? Unless you are an exchange or a systemically important market participant, the answer is “probably not.” You’ve undoubtedly heard of the “Flash Crash” of 2010, or maybe the Nasdaq system problem that messed up the Facebook IPO, or the “glitch” on July 8, 2015 that halted trading on the NYSE…. READ MORE