New Podcast: Software Selection – Where Do I Start?

Many firms are looking to improve their bottom line, and one of the ways this can be done is by updating your software. But where to begin? How do you know if it will work for your firm? What will the implementation look like? What about hidden costs?  In this week’s episode of our Oyster… READ MORE

SIFMA and SROs Settle on CAT Reporter Agreement

In a surprising announcement, SIFMA and the Self-Regulatory Organizations (SROs) have reached a settlement on the Consolidated Audit Trail (CAT) Reporter Agreement.  This comes after SIFMA issued a statement last week from Industry Members in support of their accusation of improper SRO action based on Section 19(d) of the Securities Exchange Act of 1934.  Within… READ MORE

Zoom – Firms Should Conduct a Risk-Based Assessment Before Implementation

As many firms have started heavily leveraging remote conferencing systems to maintain business continuity during this COVID-19 outbreak, Zoom has seen a sudden rise in popularity and an equally sudden rise in cybersecurity concerns.  There are many reports detailing both the lack of available protections and the implementation of those protections by firms.  Zoom has… READ MORE

Former First Clearing Managing Director of Operations Joins Oyster Consulting

Financial Services consulting firm expands Strategic Planning and Execution Team Bill Davis joins the firm as a Director of Oyster Consulting’s Strategic Planning and Execution team. Bill will enhance the team’s extensive experience and ability to provide strategic consulting on platform conversions, brokerage operations and planning services for advisors, including new product development. Prior to… READ MORE

CAT Implementation Delayed Due to COVID 19

On March 16, 2020 the SEC announced no-action relief to allow Participants to delay the implementation of Consolidated Audit Trail (CAT) until May 20, 2020.  This announcement comes as the industry deals with disruptions as a result of COVID-19, and members have to make difficult prioritization decisions around staff required to implement CAT.  Market volatility… READ MORE

New Podcast: Why Outsourcing Your Clearing Platform Assessment, Selection and Implementation Processes Makes Sense

Whether you are considering exploring your clearing options, changing from self-clearing to fully-disclosed (or vice-versa) or starting a broker-dealer, Oyster will help you make the best decisions with an assessment of your business, analysis to help drive decisions, and even walk you step-by-step through a vendor selection and conversion processes. In this week’s episode of… READ MORE