New Podcast: Preparing for Modern Regulatory Exams

The pandemic has changed how firms operate as offices close and staff work from home. Regulators have also had to change their examination practices to accommodate these changes.  In this episode, Oyster Managing Director Ed Wegener, a former SVP and Midwest Regional Director of FINRA, shares his insider views on: the changes in the regulator’s… READ MORE

Lessons from Regulatory Notice 20-16: Transition to Remote Work and Remote Supervision

FINRA recently released a regulatory notice to help firms understand how their peers are responding to the COVID-19 outbreak.  In this Regulatory Notice (Notice), the FINRA staff shared certain observations based on discussions with member firms about steps taken to transition personnel to a remote work environment.  The observations were not offered as recommended practices… READ MORE

New Podcast: Conducting Remote Supervision in Your Transitioning Workplace

Regulators expect both offsite and onsite monitoring of offices and employees due to the heightened risk inherent in remote arrangements.  The work-at-home orders issued by the States in response to the pandemic have created supervision challenges for firms.  While some consider the present state the “new normal,” no one really knows how and when this… READ MORE

Remote Supervision in the Pandemic World

The SEC and FINRA have long held that broker-dealers and investment advisers are required to supervise their employees’ conduct in order to prevent and detect violations of the securities laws.  Moreover, the regulators have emphasized that remote or offsite offices and employees require particularly vigilant supervision. Regulators expect both offsite and onsite monitoring of offices… READ MORE

New Podcast: Will There Be A Post-Pandemic Securities Litigation Wave?

When markets are volatile, history has shown us that there is often an increase in securities litigation,  In this week’s episode, Oyster’s General Counsel Patrick M. Dennis and Director Evan Rosser talk about past litigation trends in volatile markets and what they see coming as the pandemic continues to wreak havoc on the national economy and individual investments. Oyster… READ MORE

Increases Expected in Pandemic-Related Securities Litigation

Recent webinars and articles have centered around the issues the securities industry will confront as a result of the pandemic and market turmoil.  We have compiled relevant information from those sources and added our own observations based on our previous experience. Based on past market downturns, firms can expect a wave of litigation stemming from… READ MORE