
By Oyster Consulting LLC
Subscribe to our original industry insightsOn November 7, 2017 the SEC Office of Compliance Inspections and Examinations (OCIE) issued a risk alert announcing it had conducted 110 exams of municipal advisors. The examinations evaluated compliance with regulatory obligations including registration, statutory fiduciary standard of care, fair dealing, record keeping, and supervision.
The staff observed that municipal advisors were “generally unfamiliar with many of their regulatory obligations.”
In the risk alert, the OCIE encouraged municipal advisors to “reflect upon their practices, policies, and procedures…and make necessary improvements.” Municipal advisors should review their compliance program, and specifically:
Oyster understands that every firm is unique. Our experts have years of industry experience, and can quickly assess through thoughtful and skillful questions what areas of your firm need the most attention. Oyster will not only provide you with a written report of problem areas, but will also identify best practices. Should your firm need any improvements, Oyster can help you facilitate those changes through support staffing or by taking on the initiative entirely.
"*" indicates required fields
Download the Capital Markets Services eBook to learn about CAT Reporting, Trade and Position Reporting, Market Access and Best Execution.
Download