New Podcast Mini-Series! Regulators – Behind the Scenes

This week we are launching our new Oyster Stew podcast mini-series, Regulators – Behind the Scenes.  Join former regulators Patrick M. Dennis, Jeffrey Hiller, Bill Reilly, Evan Rosser and Ed Wegener  as they share their experiences and perspectives as former state and federal regulators around regulatory exams and issues.  Some things you just won’t learn from a textbook, like managing your relationship with… READ MORE

FSDA Outreach Program

In place of the in-person event on October 8, 2020, the FSDA will launch the first of three live streamed events. The FSDA Industry Outreach Program series kicks off on October 8, 2020, at 9:00 AM with the keynote speaker who will be taking on the hot topics — market trends, resiliency and the effect… READ MORE

State Regulatory Actions Increase 33% – NASAA 2020 Enforcement Report

The NASAA 2020 Enforcement Report, based on 2019 activity, summarizes enforcement activity reported by the 51 U.S. member jurisdictions. Enforcement actions against firms and individuals in 2019 totaled 2,755 actions, up 33% from 2018. Overall enforcement activities included: 6,698 Complaints Received 6,525 Investigations Initiated 2,755 Enforcement Actions (Including criminal, administrative and civil enforcement actions) 5,898… READ MORE

NASAA 2020 Annual Conference Discusses Regulatory Initiatives

The 2020 NASAA Annual Conference was held in a virtual format in early September 2020. Items of note discussed during the conference included Regulation BI, an update on the effects of increased social isolation on senior and vulnerable adult clients during the Coronavirus Pandemic, investment advisor model rules, and the creation of a new interface… READ MORE

NASAA Offers Resources for State and Provincial Pandemic Responses

Now is not a time to be shy about interacting with regulators to help understand how to respond to your issues and concerns in response to the Covid-19 outbreak. The North American Securities Administrators Association, Inc. (NASAA) is comprised of states and provincial securities regulators in the United States, Canada and Mexico. NASAA is acting… 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

NASAA 2019 Annual Meeting

Oyster Associate Director Bill Reilly will be attending NASAA’s 2019 Annual Meeting in Austin, TX September 8-10th. Discussion Topics include: Standards of Care/Regulation Best Interest A True David and Goliath Story: How State Securities Regulators Helped Tackle a Wall Street Giant Enforcement and Examination Initiatives to Protect Retail Investors International Regulatory Update Bill Reilly leverages… READ MORE