Solutions - Govern | Oyster Consulting

SEC 2025 Exam Priorities: Compliance Strategies for Success

October 30, 2024

Understanding the SEC’s 2025 Examination Priorities On October 21, 2024 the Securities and Exchange Commission’s (SEC) Division of Examinations released their comprehensive 2025 Examination Priorities, developed through extensive consultation with other SEC divisions and informed by market events and industry feedback. The exam priorities present new challenges and opportunities for financial firms, signaling significant shifts […]

Davenport & Company LLC Implements Oyster Solutions, Innovative Trade Supervision Software

October 8, 2024

Firm implements Oyster Solutions GRC software to stay ahead of increasing surveillance, compliance demands Davenport & Company LLC, a leading financial firm offering a range of wealth management an financial advisory services for individuals, corporations, institutions, and municipalities, has implemented Oyster Solutions’ trade surveillance and monitoring tool. Oyster Solutions Governance Risk and Compliance software provide […]

4 Keys To Building A Strong AML Compliance Program

July 31, 2024

The Importance of a Strong AML Compliance Program In the complex landscape of financial regulations, constructing a robust Anti-Money Laundering (AML) compliance program is a crucial bulwark against financial crime. This necessity stems not only from the legal obligations imposed on financial institutions but also from the need to maintain the integrity of the global […]

Election Year Essentials: Your Guide to Pay-to-Play Regulations

July 23, 2024

Understanding “Pay-to-Play Rules” In an election year, financial professionals are often inundated with pleas for political support. Compliance and supervision teams need to be diligent about monitoring and recording campaign contributions to protect their firms’ ability to solicit or serve governmental clients. While the so-called “Pay-to-Play” rules aren’t new, the contribution limits are arguably low […]

The RIA Compliance Roadmap

July 16, 2024

In the world of finance and investments, registered investment advisers (RIAs) play a crucial role in managing assets and providing financial advice to clients. To ensure transparency, integrity, and adherence to regulatory standards, RIAs are required to establish robust compliance programs. These programs not only help in complying with the investment Advisers Act of 1940 […]

Broker-Dealer’s Guide to Outside Business Activities

July 2, 2024

The Importance of Compliance with FINRA Rule 3270 Outside Business Activity (OBA) & Private Securities Transactions (PST) remain a FINRA exam priority. To comply with FINRA Rule 3270, most broker-dealers have a software platform or an OBA/PST disclosure form that is completed by registered representatives (reps), and then signed by a firm principal to evidence […]

Building a Robust Broker-Dealer Compliance Framework

June 25, 2024

The Importance of the Broker-Dealer Compliance Program Building an effective broker-dealer compliance program is crucial for maintaining regulatory compliance and fostering trust with clients and regulators. There are many attributes to consider when building a new compliance program or enhancing your current compliance processes to ensure you are meeting the requirements of today, and in […]

NASAA Enforcement Report: A Surge Of Investigations, Scams

April 2, 2024

The North American Securities Administrators Association (NASAA) recently released its 2023 NASAA Enforcement Report, based on data provided by 48 U.S states and territories. The report found a significant increase in the number of investigations regarding internet, social media and digital assets matters. Rise in Internet, Social Media, and Digital Asset Scams NASAA’s report details a […]

Cyber Risk Management: Insights for CCOs

March 21, 2024

In today’s episode of the Oyster Stew podcast, Oyster experts Len Derus and Tim Buckler delve into a crucial topic: Regulator expectations and observations regarding cyber risk management. Learn more about the responsibilities of Chief Compliance Officers (CCOs) and what the regulatory focus on cybersecurity means for compliance programs. Regulatory Focus – Cybersecurity Compliance As […]

Your Remote Inspections May Be Ending Soon

March 20, 2024

In July 2024, broker-dealers must begin doing on-site branch inspections again unless they participate in FINRA’s Remote Inspections Pilot Program. Under Rule 3110.18 firms will be allowed to conduct remote inspections provided they opt-in to the program and comply with its requirements. The pilot will cover a three-year period. If a member firm does not […]

Compliance Across The Industry

January 25, 2024

In today’s Oyster Stew podcast, our panel of Oyster compliance experts—Lisa Robinson, Len Derus, Bryan Jacobsen, and Brent Nicks—explore recurring compliance issues from 2023 and guide you through the process of closing existing compliance gaps. Our consultants provide valuable perspectives and what we heard from our clients on key regulatory areas: Additional Wealth Management Compliance […]

The Role of Governance, Risk, and Compliance Software

January 4, 2024

In today’s evolving financial services landscape, wealth management firms must navigate a complex web of regulations, new business strategies and increased data reporting requirements to stay ahead and remain compliant. Governance, Risk, and Compliance (GRC) software is emerging as a key player for meeting these challenges. How GRC Software Enhances Efficiency Centralized Data Management: Compliance […]

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