Oyster Stew Podcast

The financial services industry is rapidly changing. Each week our consultants share their thoughts on regulatory news and industry hot topics. Our insights are gained through our experiences as successful industry practitioners and from working with hundreds of clients. Whether you are an executive trying to stay ahead of the curve or are new to the industry and want to learn more, this is the podcast for you.

Can’t find a topic? Click here to see a complete list of episodes.

September 23, 2020 – In Episode 2, Jeffrey Hiller shares is lessons learned from decades in the industry as CCO for multiple global investment firms and as Senior Counsel for the SEC’s Division of Enforcement. This week’s topics include repeat violations and when and how to escalate issues successfully.

September 16, 2020 – Listen to Oyster Consulting’s Jeffrey Hiller in his
new podcast mini-series, CCO – Behind the Scenes (Episode 1). Jeffrey shares his vast experience as both a CCO for several global investment firms and Senior Counsel for the SEC’s Division of Enforcement. He literally helped write the book on modern regulatory compliance. Being CCO is more than just checking boxes. There are office politics to navigate, nuances to dealing with regulators and board members, and of course, ethical issues. Listen and learn in these short discussions as Jeffrey shares his real experiences and lessons learned from his decades in the industry. Some things you just won’t get from a textbook, such as cultivating the “tone at the top,” document production during an exam, escalation, dealing successfully with Boards, and repeat violations, to name a few.
August 19, 2020 – Oyster industry leaders Buddy Doyle, Bill Davis, Jeffrey Hiller, Jim Roth and Ed Wegener discuss what firm executives and decision makers should be focusing on in today’s volatile and changing business environment.  Topics include: improving your bottom line, updating and improving your planning services to meet client needs, risk levels and employment challenges, managing your cybersecurity and third party vendors in a pandemic world, vendor support , controls, testing and disclosures   
August 5, 2020 – Oyster Managing Director Ed Wegener, a former SVP and Midwest Regional Director of FINRA, shares his views on the changes in the regulator’s examination program, the kind of the people that are doing examinations and what firms should expect when an examiner walks in now.
July 29, 2020 – For financial services firms regulatory exams have instilled a range emotions from annoyance to anxiety to outright fear. Much of this could be mitigated with a better understanding of the exam process, the necessity for robust risk assessments, and by nurturing the firm’s relationship with it’s regulatory contact.  Oyster Managing Director Ed Wegener, formerly a SVP and Midwest Regional Director of FINRA discusses risk assessments and how FINRA is using those assessments to help determine the scope, depth, breadth and frequency of their examinations of broker-dealers. 
June 16, 2020 – As advisors build out their financial planning business, they gather a lot of data, and over the years the strategy of the firm can change. That may mean it’s a good time to change from a software application that’s more cash flow to one that’s more goal-oriented, or vice versa.  As a follow-up to last week’s high-level overview of the software selection process, Bill Davis offers the best approaches for advisors to take when selecting and implementing retirement plan software.
June 11, 2020 – Firms are always looking for ways to improve their bottom line, and updating or upgrading their software is one of them. 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 Managing Director Polly Cordle, offers some tips and tricks on what to look for when you are considering new software. 
May 28, 2020 – Oyster Associate Director MJ Phillips discusses a variety of operational issues that can be uncovered during a merger, acquisition or transformation, and how outsourcing an operations specialist to preform an operational assessment can help resolve the issues to make firms more efficient and enhance their client service. 
May 20, 2020 – Oyster CEO Buddy Doyle, General Counsel Patrick M. Dennis and Managing Directors Polly Cordle and Jeffrey Hiller discuss remote supervision, and what that means in the current pandemic workplace, as well as some general best practices firms should consider. Topics include email reviewtrade surveillance, central supervision processes, training and roll-out, and remote supervision tactics.
May 13, 2020 – When markets are volatile, history has shown us that there is often an increase in securities litigation,  In this 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.
May 6, 2020 – As firms begin to adjust to the “new normal,” which for many means staff and clients working remotely for an indefinite amount of time, it’s important to not lose sight of all the moving parts. Compliance is one of those, and now is a good time to look at your program and test it against how your firm is functioning in this new environment. Do your policies and procedures match up with how you are doing things now? Oyster CEO Buddy Doyle, Managing Director Polly Cordle and Relationship Managers Molly Bryson and Gena Spitzer address several things firms should be reviewing, including email surveillancemarketing and advertising, policies and procedures, your compliance calendar and how you will test these things remotely.  
April 29, 2020 – The Consolidated Audit trail (CAT) is moving forward and the SEC has released new exemptive relief dates for parts 2a (Equity reporting) and 2b (Options reporting).  The SEC has also provided exemptive relief for introducing brokers. In this episode, Oyster Consultants Ralph Magee and Jeff Call discuss what firms should be doing around certifications, linkages, testing validation and the upcoming options reporting deadlines.  Oyster also has a new software application to validate firms’ CAT reporting. Learn more about that in this episode, or by clicking here