Joe Turner Senior Consultant 804.521.6002 vCard

Joe has over 30 years of experience in Securities Industry Compliance and joined Oyster after holding senior level management roles at a large wirehouse.  Joe has been with Oyster for over five years, focusing on retail broker-dealer and Registered Investment Advisor reviews, as well as serving as CCO for a Registered Investment Advisor.  He has conducted AML testing for multiple broker-dealer models, provided compliance support for broker dealers and assisted in evaluation and development of general policies and procedures, including the sale of low-priced and unregistered securities.

Joe’s career began as a state regulator with the Division of Securities and Retail Franchising for the Commonwealth of Virginia, where he gained a regulatory perspective on the securities industry. After seven years, he moved to the private sector where he spent 26 years working with a broker-dealer that he saw grow from a 500 Registered Rep regional firm to the third-largest in the country. Joe has a very broad base of experience in the Retail Compliance and AML arenas and significant experience related to conducting and managing firm testing/branch exams and surveillance. In 2010, he moved from Retail Compliance to AML Surveillance and Investigations, where he assisted in the implementation of a new surveillance system, managed the investigations and oversaw the Suspicious Activity Reporting, as well as refining and documenting Operating and Supervisory Procedures.

Expertise

  • Conducting Reviews of Registered Investment Advisors
  • Assisting with filing of Form ADV
  • Serving as CCO for RIA
  • Conducting testing of broker-dealers
  • Evaluating Written Supervisory Procedures
  • Assisted in the development of Retail Compliance operating and supervisory procedures
  • Served as a point person in coordinating operational compliance controls
  • Development and execution of branch examination programs
  • Managed regulatory exams
  • Developing account review and general account surveillance programs/procedures as well as designing and implementing technology-based surveillance
  • AML Audits
  • AML Surveillance programs and Suspicious Activity Reporting processes
  • Merger integration
  • Assisted in the development and implementation of supervisory/surveillance tools
  • Implementing Compliance and AML surveillance systems
  • Evaluating Operational and Trading procedures including developing policies and procedures for low priced and unregistered securities.
  • Served in leadership roles in numerous mergers

Career Highlights

  • SVP – Manager of AML Surveillance and Investigations, Wells Fargo Advisors
  • SVP – Manager of Retail Surveillance, Wachovia Securities
  • SVP – Manager of Surveillance and Examinations, Wheat First Union Securities

Education, Accolades and Industry Commitments

  • B.S., Commerce—University of Virginia
  • FINRA Series 7, 8, 14, and 63 registrations (Registrations are typically inactive, but may be used when appropriate to perform interim functions for our clients)