Trading Supervision

The Oyster Difference

Oyster consultants provide real-world experience in trading, risk management, operations, and regulatory compliance oversight. We understand your concerns with best interest, suitability, and your fiduciary duty to serve your clients. We can manage supervisory functions routinely associated with a Broker-Dealer and Investment Advisory firms. Oyster will manage, monitor, and enforce internal and regulatory policies, identify trends, sales practice patterns, conflicts of interest, or issues that potentially pose a risk to the firm.

Why It’s Important

Ensuring your firm’s compliance program is robust and current with evolving regulatory requirements is an important factor when it comes to protecting your firm’s business and reputation.

FINRA Rule 3110 requires that each member firm establish and maintain a system to supervise the activities of each associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations. Under FINRA Rule 3120, broker-dealers are required to have in place a system of policies and procedures that annually test and verify firm supervisory controls procedures. Firms must also create or amend Written Supervisory Procedures identified as necessary by this testing.

The designated principal or principals must submit to the member’s senior management no less than annually, a report detailing each member’s system of supervisory controls, the summary of the test results and significant identified exceptions, and any additional or amended supervisory procedures created in response to the test results.