Built To Scale with CRC-Oyster

CRC-Oyster: New Beginnings

Mon, 09 Mar 2026 10:00:00 -0400

In the inaugural episode of Built To Scale with CRC-Oyster, host Michael Durette, Managing Principal and Chief Revenue Officer of CRC-Oyster, sits down with Founder and Managing Partner Mitch Avnet and Managing Principal Buddy Doyle. Together, they reflect on the origins of their respective legacy organizations and the strategic acquisition that brought them together under CRC-Oyster. The discussion explores the current regulatory landscape, the priorities and pressures facing clients today, and the opportunities ahead as CRC-Oyster continues to grow and evolve in 2026 and beyond.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

FINRA Continuing Membership Applications: Ownership & Control Changes

Fri, 19 Dec 2025 15:00:00 -0500

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Account Type Recommendations: Meeting Reg BI and Fiduciary Standards

Thu, 20 Nov 2025 14:00:00 -0500

In this Oyster Stew episode our experts unpack what regulators expect and how firms can build strong processes around Reg Bi and account type recommendations recommendations.

· What Makes an Account Recommendation “Best Interest”?

· Balancing Cost and Services.

· Special Considerations in Practice Transitions.

· Avoiding Double Dipping.

· Documentation: Showing Your Work.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI and Fiduciary Obligations Part 2: Documentation, Conflicts, and Rollover Recommendations

Tue, 30 Sep 2025 11:00:00 -0400

In Part 2 of this Oyster Stew conversation, Ed Wegener continues the discussion with compliance experts Brent Nicks and Len Derus—this time focusing on the most pressing challenges firms face in applying Reg BI and fiduciary duty in practice: documentation, compensation conflicts, and rollover recommendations.

What You'll Learn in Part 2

Documentation Expectations: When to document recommendations—and when not to—including product complexity, costs, and client-specific factors.
Supervisory Oversight: Why cookie-cutter rationales can create risk and how firms can monitor for consistency across reps.
Compensation Conflicts: Practical strategies for mitigating compensation-driven incentives and leveling payouts to reduce bias.
Rollover Recommendations under PTE 2020-02: How to document IRA rollovers, justify added costs, and align practices with both Reg BI and fiduciary standards.
Technology vs. Forms: The pros and cons of manual versus technology-driven documentation processes—and how to strike the right balance.
Training and Monitoring: How tailored training and compliance monitoring help ensure reps are following procedures and avoiding systemic risks.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Beyond the Rulebook: Practical Insights on Reg BI and Fiduciary Duty

Thu, 11 Sep 2025 10:00:00 -0400

While the core principles of Reg BI and investment advisor fiduciary duty remain consistent, regulatory expectations continue to evolve through examinations, enforcement actions, and formal guidance.

In Part 1 of this conversation, our experts explore the foundational similarities and differences between Reg BI and fiduciary duty, unpack how regulators are sharpening their focus on documentation, conflicts of interest, and the firm-level processes that shape recommendations.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Preparing Your Financial Services Firm for AI: Governance, Data, and Compliance

Thu, 21 Aug 2025 10:00:00 -0400

Dive deep into the crucial foundation every organization should have in place before successfully integrating AI into its operations. In Part 4 of our special AI Series with Carolyn Welshhans of Morgan Lewis, our expert panel explores:

· Key Strategies for Building Effective AI Governance Frameworks

· AI Policies to Your Firm’s Risk Profile and Systems

· Overcoming Legacy Technology Challenges in AI Adoption

· The Critical Role of Data in AI Readiness

Listen and learn as our panel provides actionable guidance for conducting comprehensive readiness assessments covering governance structures, strategic alignment, data management, model risk frameworks, and technology infrastructure.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The Realities of AI Implementation: What Every Firm Needs to Know

Thu, 07 Aug 2025 08:00:00 -0400

Powerful AI tools are rapidly transforming financial services, but beneath the promise of efficiency lurks significant risk. For firms eager to harness AI’s power while avoiding costly missteps, strategic planning and sound governance are non-negotiable. In Part 3 of our special Oyster Stew podcast series with Morgan Lewis, our panel of experts uncovers the practical realities facing firms implementing artificial intelligence solutions today:

· Are your policies and strategies setting you up for success, or a compliance nightmare?

· What are the legal repercussions when AI systems fail, like placing erroneous orders?

· How can strong governance, data quality, and human expertise drive successful AI adoption?

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Walking the AI Tightrope: AI Compliance Strategies for Wealth Management Firms

Thu, 24 Jul 2025 13:00:00 -0400

In this second installment of our special Oyster Stew podcast series, experts Pete McAteer, Dan Garrett and Jeff Gearheart from Oyster Consulting and Carolyn Welshhans from Morgan, Lewis & Bockius LLP dive deep into how firms can navigate regulatory scrutiny while leveraging AI's potential.

Whether you’re evaluating new fintech tools, implementing generative AI, or managing governance across platforms, this series offers essential insights from industry veterans with decades of hands-on experience in wealth management, trading, technology, and SEC enforcement.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The Power and Potential of Artificial Intelligence in Financial Services - Part 1

Wed, 09 Jul 2025 09:00:00 -0400

In this special series of the Oyster Stew podcast, Oyster Consulting’s Pete McAteer, Dan Garrett and Jeff Gearhart team up with Carolyn Welshhans, a partner at Morgan, Lewis & Bockius LLP, to unpack the real-world applications, regulatory risks, and emerging opportunities of AI.

In our kickoff episode, the panel explores how firms are already leveraging AI to drive compliance efficiency, manage operational workflows, and reduce false positives in surveillance systems—starting with smarter email review.

Whether you're evaluating new fintech tools, implementing generative AI, or managing governance across platforms, this series offers essential insights from industry veterans with decades of hands-on experience in wealth management, trading, technology, and SEC enforcement

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

AML in Action: Practical Strategies for Surveillance, Training, and SAR Reporting

Fri, 20 Jun 2025 07:00:00 -0400

In this episode of the Oyster Stew podcast, Oyster Consulting’s Ed Wegener and Bryan Jacobsen break down how firms can implement risk-based monitoring, tailor training for frontline roles, conduct effective investigations, and ensure your firm’s Suspicious Activity Report (SAR) filings are what regulators require.

Key Takeaways

What regulators expect from your AML compliance program
Risk-based surveillance: Going beyond cookie-cutter monitoring
How to tailor red flag training by employee role
Investigating suspicious activity: When to file a SAR, how to do it right
Leveraging third-party vendors for transaction surveillance and case management
Common mistakes firms make—and how to avoid them

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

CAT Compliance - Build the Surveillance Framework Regulators Demand

Thu, 05 Jun 2025 09:00:00 -0400

Your CAT reporting compliance requires more than just data submission; you need comprehensive surveillance programs that include monitoring both exceptions and successful reports to maintain regulatory compliance.

Listen to this week’s Oyster Stew podcast as Oyster experts Ralph Magee and Steve Kuhs share their expertise in CAT and CAIS reporting, providing you with the information you need to build an effective CAT reporting compliance program.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Are You Unintentionally Triggering Custody? Hidden Risks in Everyday Advisory Practices

Thu, 22 May 2025 08:00:00 -0400

In this episode of the Oyster Stew podcast, regulatory compliance experts Ed Wegener, Candy Palugi, and Nolan Hughes examine the nuanced world of custody regulations and outline concrete steps firms should take when custody is discovered, including ADV amendments, engaging independent accountants for verification audits, and implementing enhanced supervision procedures.

For compliance professionals and advisory firm leaders, this conversation provides essential guidance on balancing client service with regulatory requirements. Listen now to gain valuable insights that will help protect your firm from unintentional custody violations while maintaining exceptional client service. Review your operational procedures today to ensure you're not triggering custody requirements without proper safeguards in place.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Inside the Latest CAT and CAIS Reporting Issues

Tue, 06 May 2025 08:00:00 -0400

Join Oyster experts as they provide real-world insight into the shifting CAT and CAIS landscape, including:

The current regulatory focus on removing PII information from CAIS reporting
Implementation uncertainty - where FINRA guidance falls short
Member firms grappling with the scope of PII removal at account and customer levels
Blue sheets and CAIS - redundant reporting and integration challenges
CAT reporting's critical role in market surveillance during volatile trading periods
How the multi-year phased implementation approach provides a potential model for future regulations

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

3 Reasons You Must Review Your Clearing Contract

Thu, 24 Apr 2025 08:00:00 -0400

Your clearing agreement is the backbone of your brokerage firm’s operations, yet many firms fail to review it until it’s too late. In this week’s episode, Oyster’s David Williams and Peter Sheehan break down why your clearing contract should be a top priority and what you should consider when evaluating your agreements.

You’ll learn:

· Why your clearing agreement should be a priority

· Key warning signs for when to review your contract

· How pricing models have evolved

· Some hidden costs and contract pitfalls AND

· Considerations for exploring the marketplace

From pricing models to advisory programs, hidden fees, and the right technology, David and Peter share their decades of expertise to help you optimize your clearing relationship and ensure it aligns with your firm’s growth and strategy.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Technology Investments That Work: Aligning Strategy, Data, and ROI

Tue, 08 Apr 2025 07:00:00 -0400

In this episode of the Oyster Stew Podcast, Dan Garrett and Jay Donlin break down the critical—but often overlooked—factors that determine whether your technology investments will actually move the needle for your firm. From setting business-driven goals to avoiding the allure of flashy tools with limited value, they walk through practical insights that can save you time, money, and internal frustration.

What You’ll Learn

· Start with Strategy, Not Software

· Beware the Shiny Object

· Don’t Underestimate Adoption and Training

· Data Strategy

· Measure Before and After: ROI Isn’t Optional

· Knowing When to Walk Away

Whether you're considering AI adoption or evaluating more fundamental systems, this conversation offers essential wisdom for anyone responsible for technology decisions. Listen now to ensure your next technology investment truly advances your business goals rather than becoming another expensive disappointment.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Time to Act: Why RIAs Must Prepare for AML Compliance Now

Thu, 13 Mar 2025 07:00:00 -0400

Understanding and implementing the new FINCEN AML (anti-money laundering) requirements for registered investment advisors (RIAs) is crucial to achieving compliance by the 2026 deadline. Preparing for AML compliance as an RIA will take time. Firms must develop and implement risk-based AML programs, appoint compliance officers, establish monitoring systems, and ensure staff receive proper training—steps that require careful planning and execution well ahead of the 2026 deadline.

Join Ed Wegner and Bryan Jacobson as they discuss

· 8 critical elements of compliance and their implications

· Building a strong AML program: steps for RIAs

· The importance of a risk-based approach to AML compliance

· Key elements required for establishing an AML program

· The role of a designated AML Compliance Officer (AMLCO)

· Independent testing and ongoing compliance monitoring

· Leveraging third-party resources and ensuring adequate training

Whether you are already familiar with AML regulations or completely new to the topic, this episode provides essential insights to prepare your firm for the upcoming changes. Tune in to ensure that you have the knowledge and tools needed to comply with these vital regulations.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Inside FINRA Enforcement: What Firms Need To Know

Fri, 28 Feb 2025 08:00:00 -0500

Unlock the secrets of navigating FINRA's complex enforcement landscape with former enforcement officials Lisa Colon and Chris Kelly, who now provide defense counsel to broker-dealers. Drawing on their rich experience at FINRA and current roles at CSG Law, Lisa and Chris share their perspectives on the current state of FINRA enforcement in the securities industry. We discuss the statistics of previous enforcement actions, the importance of strategic cooperation, and the reality of FINRA credit for cooperation.

Key topics include:

2024 enforcement action analysis
Importance of proactive strategies in handling investigations
Distinction between mandatory self-reporting and extraordinary cooperation
Navigating the centralized process for enforcement referrals
Key factors that influence enforcement outcomes and credit for cooperation
Recommendations for improving compliance and engaging with regulators

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Growth Strategies: The Power of Outsourcing

Fri, 14 Feb 2025 09:00:00 -0500

In this episode of the Oyster Stew Podcast, our panel of financial services experts breaks down the key considerations for outsourcing critical functions, such as compliance, finance, and vendor selection. Whether you’re launching a new firm, looking to scale efficiently, or navigating complex regulatory landscapes, outsourcing services can provide cost-effective expertise and operational flexibility.

Our expert panel—Sarah Sutton, Candy Palugi, Evan Rosser, Jay Donlin, Fred Wagstaff, and Jeff Wilk—shares real-world insights on when outsourcing makes sense, how to assess your firm’s needs, and the long-term benefits of working with experienced operations and compliance consultants. Key topics include:

When Does Outsourcing Chief Compliance Officers Make Sense?
How Outsourcing Can Help Growing Firms Stay Focused
Compliance, Testing & Risk Management: The Role of Independent Reviews
Financial & Operational Outsourcing: When Should Firms Leverage External Support?
Vendor Selection & Technology Strategy: Choosing the Right Partners

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Regulatory Exams: Pave the Way For Positive Regulator Relations

Thu, 30 Jan 2025 08:00:00 -0500

Building and maintaining strong relationships with regulators is not just beneficial, but essential. Join us for Part 2 as former regulators share their experience and insights into how to establish open, candid communication, and engage regulators on both professional and personal levels. Get tips on setting the right tone from leadership and fostering a culture of compliance. Stay on the right side of compliance while cultivating positive interactions with financial regulatory bodies.

In this episode we’ll build on Part 1 and cover:

Dealing with Regulatory Violations: Identifying violations and deciding on the next steps.
The Exam Process and Levels of Review: From deficiency letters to enforcement referrals, learn how regulators evaluate violations through multiple levels of review and how firms can proactively manage these stages.
The Role of Cooperation - Discover why setting a tone of cooperation matters, and where to draw the line when the process turns adversarial.
Educating Examiners: Learn why it is important to ensure they understand your operations in context and reduce the risk of misinterpretation.
Culture of Compliance: Learn how tone at the top and a strong compliance culture influence examinations and relationships with regulators.
Building Positive Relationships with Regulators: Get practical tips on engaging with regulators and industry working groups to foster mutual trust and gain valuable insights into regulatory priorities.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Navigating Regulatory Exams: Insights from Former Regulators

Tue, 14 Jan 2025 13:00:00 -0500

Ever wondered how to turn a regulatory exam into a strategic advantage? Join our discussion (Part 1 of 2) with former regulators Patrick Dennis, Evan Rosser, Ed Wegener, Jeffrey Hiller and Bill Reilly as they share their insights into what regulators consider when they come in to do exams, the art of managing document request lists, and how to enhance your firm’s credibility.

In this episode we'll explore:

The shift in the role of risk analysts and how their insights are reshaping the scope and frequency of firm evaluations
The various types of exams, from routine to for-cause and sweep exams
The art of managing comprehensive request lists
Why having a single point of contact for regulators within your firm is important
How proactive communication and self-reporting enhances your firm’s credibility while fostering a collaborative relationship with regulators

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Compliance Mistakes Every CCO Should Avoid: Practical Tips for Success - Part 2

Wed, 18 Dec 2024 12:00:00 -0500

Unlock the secrets of crafting compliance manuals that truly work for your firm with insights from our regulatory compliance experts. Discover why using generic templates might be a recipe for disaster, and how aligning your written supervisory procedures with actual business practices can safeguard your firm's accountability and regulatory standing. In this episode you'll uncover:

The top errors CCOs make with policy updates and procedural documentation.
How to ensure accurate and timely delivery of Form ADV, Form CRS, and
Reg BI Disclosures
Regulatory filing errors that can cost you

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Common Marketing and Communications Compliance Mistakes

Thu, 05 Dec 2024 09:00:00 -0500

Listen to Part 1 of our two-part series on Common Compliance Mistakes as Oyster’s regulatory compliance experts uncover how to spot, prevent, and correct the following issues:

Communication Missteps: Closing the Gaps

discover where CCOs often fall short in capturing off-channel communications such as texts and chat room interactions
gain practical measures every firm should adopt

Marketing Compliance Challenges

Marketing presents a minefield of compliance challenges. In this episode we will:

identify common mistakes
discuss the importance of routine reviews and updates to your firm’s marketing procedures
share how to craft tailored disclosures in testimonials and endorsements to align with SEC requirements
offer first-hand experiences with common issues during SEC exams

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Expert Strategies for Managing Vendor Risk and Data Protection

Thu, 21 Nov 2024 09:00:00 -0500

Our latest episode of Oyster Stew features industry veterans Dan Garrett, Jeff Wilk and Tim Buckler, who share their insights into the complexities of vendor risk and data protection. Discover how to protect client data amid the vulnerabilities brought by new vendors and implementing a robust strategy to ensure operational continuity and resilience.

In this informative podcast, you’ll learn:

the importance of using structured processes like detailed scorecards and questionnaires to align with security, compliance, and operational standards like GDPR and CCPA
the critical role of data access controls, encryption standards and maintaining ownership of your data
the importance of securing sensitive data, even when outsourcing your operations
how to evaluate vendor capacity using a "trust, but verify" approach
the necessity of negotiating strong Service Level Agreements (SLAs) to ensure vendor accountability, especially concerning Personally Identifiable Information (PII)

Equip your organization with the tools needed for success in vendor risk management. By incorporating recognized cybersecurity frameworks such as NIST and ISO into vendor contracts, your firm can stay ahead of emerging risks, including challenges posed by advancements in AI technology. Join us for essential insights that will arm your organization against the complexities of the digital world.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Hidden Costs, Smart Choices: Mastering Your Tech Stack

Thu, 24 Oct 2024 11:00:00 -0400

Unlock the secrets of making informed technology decisions with Oyster Consulting’s technology experts Jeff Wilk and Dan Garrett, as they share their expertise in navigating the build vs. buy decision. Discover how understanding the hidden costs of software development can make or break your strategic planning, especially if your firm lacks technical expertise. Jeff and Dan provide insights into:

Cost Considerations
Team Dynamics and Culture
Integration and Data Strategy
Compliance and Security
Managing Vendor Relationships

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Growth and Compliance: Navigating FINRA Registration Requirements

Wed, 09 Oct 2024 08:00:00 -0400

Ever wondered how significant growth could impact your broker-dealer registration requirements? Join us as we unravel the complexities with industry experts Ed Wegner and Lisa Robinson. Lisa leverages her extensive experience as Senior Director of the FINRA Membership Application Program (MAP) group to provide you with essential tips on registering your firm with FINRA and completing a Continuing Member Application. From identifying key triggers like acquisitions and substantial asset transfers to understanding the importance of resolving outstanding customer claims, this episode is packed with invaluable insights to help you make informed decisions during your firm's expansion journey.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Scaling Smart: Aligning Growth with Infrastructure

Thu, 26 Sep 2024 09:00:00 -0400

Adapting your infrastructure while managing your firm's growth can present unique challenges. Join Oyster’s Ed Wegener, Brent Nicks and Pete McAteer as they share their insights for scaling and sustaining growth.

In this podcast you will:

· Gain firsthand insights into the complexities of rapid organic and inorganic expansion

· Examine the significance of understanding your firm's core strengths and growth goals, alongside the importance of a detailed due diligence checklist

· Learn the importance of setting realistic expectations and managing the pace of acquisitions for seamless integration

· Discover the value of a cohesive platform and the strategic importance of evaluating and upgrading your tech stack regularly

· Understand the pivotal role played by key personnel like Chief Operations Officers and Compliance Officers in the onboarding process

· Understand the importance of continual evaluation and adaptation, ensuring your firm’s growth is sustainable and aligned with its core mission and values

This segment is all about balancing synergies and differences to effectively manage risks and integrate new practices, ensuring your firm's long-term success. Don’t miss these invaluable insights to help your firm thrive without compromising on operational efficiency and compliance.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

From Legacy Systems to Leading Edge: A conversation with Envestnet's Andrew Stavaridis

Mon, 09 Sep 2024 12:00:00 -0400

Join us as Oyster’s Jeff Wilk and Envestnet Chief Relationship Officer and Group Head of Wealth Solutions and Asset Management Distribution, Andrew Stavaridis, bring you an insider’s perspective on the industry's technology evolution, from outdated point solutions to cutting-edge platforms that are accessible, modular, and perfectly tailored for mid-sized to smaller firms.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Insider's Guide to Selecting The Right Custodian For Your RIA

Thu, 22 Aug 2024 11:00:00 -0400

In this episode of the Oyster Stew podcast, our experts, Dan Garrett and Jay Donlin, take you on a deep dive into the world of custodians. We'll explore everything from full-service solutions that handle your middle office needs to niche players specializing in FinTech and money management. Whether you're a breakaway advisor, a FinTech firm, or an established registered investment advisor (RIA) looking to make a change, this podcast will equip you with the insights you need to make an informed decision.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Starting Your RIA - Registration and Compliance Requirements

Wed, 07 Aug 2024 08:00:00 -0400

Embarking on the path to becoming an RIA is an exhilarating time filled with opportunities and challenges, and our experts are here to guide you every step of the way. In this episode, we'll delve into essential aspects of the registration process and compliance requirements. By addressing these critical components, you'll set a solid foundation for your firm's success.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Starting Your RIA - What You Need To Know Before You Go

Wed, 24 Jul 2024 11:00:00 -0400

When starting a Registered Investment Advisor there are fundamental aspects you must understand before taking this step. Oyster's experts Brent Nicks, Nolan Hughes and Dan Garrett provide an overview into things you need to think through and put in place to build a solid foundation for your firm’s success:

Establishing Key Positions
Navigating Partnerships
Risk Management and Compliance
Operations Must-Haves
Choosing a Custodian
Strategic Growth Planning

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Industry Update: T+1 and CAT CAIS Reporting

Thu, 11 Jul 2024 08:00:00 -0400

May 2024 saw the implementation of two major industry projects: T+1 and go-live compliance for CAT/CAIS reporting. Experts Jeff Gearhart and Ralph Magee provide the latest updates on T+1 from industry meetings and key participants, including

Affirmation and fail rates,
margin balances,
securities lending
and his outlook for the future around T+1

Our experts also discuss what industry members and clients are seeing post implementation, what they can expect to see in the future, insights into issues that firms are currently struggling with, as well as the need for industry members to consider the data they are providing FINRA and ensure they are prepared for inquiries and sweeps.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Pros and Cons of Platform Ownership for Investment Advisors and Broker Dealers

Thu, 27 Jun 2024 08:00:00 -0400

If you are a start-up or an established wealth management firm, determining whether you want to manage your own operating platform or outsource it is an important strategic decision. There are many factors to consider, from cost and available resources to integration and client experience.

In today’s podcast Oyster experts Dan Garrett and Jay Donlin share their expertise on what goes into establishing and managing your own platform, common pitfalls and using out-of-the-box vendors vs customized builds.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

How To Launch Your Alternative Trading System (ATS) - Insights and Challenges

Fri, 14 Jun 2024 08:00:00 -0400

In today’s podcast Oyster experts share their insights into what to think about as you prepare to register an alternative trading system, or ATS. Jeff Gearhart and Lisa Robinson will discuss challenges and misconceptions, and then Lisa will take us through some highlights of the FINRA application process. We finish up with other things to consider once your ATS is up and running.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Modernizing FINRA Rule 4210: Impacts to Market Makers and the Role of Automation

Tue, 28 May 2024 16:00:00 -0400

After nearly a decade of delays, FINRA is finally enacting amendments to Rule 4210. The new Covered Agency Transaction requirements became effective May 22nd, 2024. Oyster’s Jeff Gearhart, Jose Fernandez and Stephen Mellert, co-founder of Matrix Application’s margin calculator, share their insights into what the new rule means for market makers, the capital implications, and the importance of automation.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

FINRA Focus Areas: Communications, Reg BI and Complex Products

Mon, 06 May 2024 09:00:00 -0400

In today’s our experts discuss an area where FINRA spends a lot of resources – Communications and Sales. We’ll look at challenges our clients are facing and best practices when it comes to:

· Communications with the Public and Advertising

· Reg BI and its focus on the Care Obligation

· Complex Products, from variable annuities to private placements

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Broker-Dealer Technology: Tomorrow's Platform Transformation Today

Thu, 02 May 2024 08:00:00 -0400

Oyster experts Pete Bowman and Dan Garrett share their insights into what the broker-dealer community is facing when it comes to evolving platforms, changing business models, AI technology, firm acquisitions and the platform consolidations that happen afterward.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

AI in Wealth Management - FINRA, Supervisory Obligations and Protecting Clients

Thu, 18 Apr 2024 09:00:00 -0400

Oyster Consulting experts Casey Dougherty, Dan Garrett and Bryan Jacobsen discuss FINRA’s exploration of AI, supervisory obligations with regard to outsourcing AI technology to firms, and best practices for maintaining compliance and protecting clients.

Learn more in our previous podcast, part 1 of the series, as our experts share their insights on AI's impacts on Regulation Best Interest and recordkeeping, with a special focus on how the SEC’s actions around AI will affect compliance teams in the wealth management industry.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

AI in Wealth Management - SEC Actions, Best Interest Rules and Recordkeeping

Wed, 10 Apr 2024 14:00:00 -0400

The wealth management industry is shifting towards more data-driven, personalized and secure services. In this week’s Oyster Stew podcast, Oyster experts discuss the industry’s relationship with AI today, the role of Artificial Intelligence in Best Interest rules and recordkeeping, and the impacts of the SEC’s AI initiative. Get Oyster's insights into what SEC sweeps and investigations mean for Compliance teams, and what firms should be doing to mitigate the risks that come with adopting AI technology.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Cyber Risk Management: Insights for CCOs

Wed, 13 Mar 2024 06:00:00 -0400

In today's episode of the Oyster Stew podcast, Oyster experts Len Derus and Tim Buckler delve into a crucial topic: Regulatory 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. Join us as we examine the key insights from FINRA's annual report, new SEC rules, and the implications for wealth management firms.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

SEC Rule 15b9-1 Expands FINRA Oversight: Insights into FINRA Membership Requirements

Wed, 28 Feb 2024 11:00:00 -0500

Our experts and special guest Susan Light, Partner and Co-chair of Broker Dealer Regulation at Katten Muchin Rosenman LLP, explore the new SEC rules expanding the number of firms required to register with a self-regulatory organization. They share their experience and insights into the rule changes, including what it means for the firms who must comply, the FINRA registration application process, challenges non-broker dealer entities may experience adapting to FINRA membership, and how FINRA has historically handled rule changes involving new membership.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

FINRA AML Expectations - The 2024 Annual Regulatory Oversight Report

Fri, 23 Feb 2024 08:00:00 -0500

Oyster's seasoned professionals will share their experience, providing invaluable insights into FINRA's AML priorities. From customer due diligence to transaction monitoring, they'll guide you through the key considerations identified by FINRA, empowering you to elevate your AML framework.

They also explore the findings unearthed in FINRA's examinations. Our experts will discuss prevalent issues discovered, offering tangible solutions to address them head-on. Whether it's enhancing customer risk assessments or optimizing Suspicious Activity Reporting (SAR) processes, you'll gain actionable strategies to bolster your AML program. Our industry practitioners will draw from their own experiences, providing real-world examples of how these practices can transform compliance efforts.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Drivers of Change - The Clearing & Custodian Transformation

Thu, 01 Feb 2024 10:00:00 -0500

In this week's Oyster Stew Podcast, our Strategic Planning and Execution experts, Pete Bowman, Pete McAteer, Jay Donlin, Jeff Wilk, and Jeff Gearhart share their perspectives on the four critical areas that are transforming the clearing and custodian industry:

Technology advances and accessibility are reshaping how firms look at clearing and custodian services.
Economics, from interest rates to market fluctuations, emerge as a significant player.
Client Engagement: Firms must determine how best to foster meaningful, compliant and efficient connections in a digital world.
Managing risk and compliance always requires industry firms to assess their practices and review their platforms, and vendor management practices.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Compliance Across The Industry - Lookback to 2023

Wed, 17 Jan 2024 13:00:00 -0500

A lot has happened in the last year when it comes to compliance in the financial services industry. Today our consultants share their perspectives and what we heard from our clients about the following areas of regulatory focus, including DOL Retrospective Reviews, outside business activity monitoring, private fund rules, direct business, off channel communications, cybersecurity, and FINRA's branch inspection pilot program.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

How to Successfully Manage Regulatory Remediation

Wed, 10 Jan 2024 14:00:00 -0500

When regulatory remediation is required and your firm is working under consent orders, it is important for financial services firms to have a plan to efficiently execute the process to avoid excess disruption, manage risk and reputational damage, and to navigate the firm's continuing relationship with the regulators. In today’s podcast Oyster’s Tim Buckler and Paul Saroj, SVP of Regulatory Enforcement remediation at Simpluris, talk about the remediation process, from data crunching to mailing the checks.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Dispute Resolution - Managing Customer Complaints & Regulatory Inquiries

Thu, 30 Nov 2023 08:00:00 -0500

A necessary part of any financial services firm’s business is handling disputes that arise. Whether it's a complaint from a customer, litigation, regulatory inquiries and investigations, firms need to have a well-thought-out process for handling these disputes. In today’s podcast, Oyster Consulting experts Ed Wegener, Evan Rosser and John Ivan discuss

· how to approach the dispute review

· how to work with and manage interactions with key stakeholders

· managing the information gathering process

· factors to consider when determining whether a complaint has merit

· keys to an effective investigation

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

SEC Exam Priorities - Broker-Dealer Trade Practices

Thu, 16 Nov 2023 10:00:00 -0500

Each year the SEC publishes its exam priorities for the coming year. Join us for today’s podcast as Oyster Consulting’s Capital Markets experts Jeff Gearhart, Frank Childress and Jose Fernandez share their thoughts on the priorities related to broker-dealer trading practices including:

· Rule 15c2-11

· Reg SHO

· Reg ATS and filing requirements

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Successful FINRA CAT and CAIS Reporting - Part 2

Thu, 02 Nov 2023 09:00:00 -0400

Join us for Part 2 of our discussion with Mark Hendrickson from D.A. Davidson Companies about where CAT and CAIS reporting stands today, the pain points firms are facing and what they should be doing to manage the current and upcoming reporting requirements.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Finding Success with FINRA CAT / CAIS Reporting - Part 1

Thu, 19 Oct 2023 08:00:00 -0400

FINRA’s Consolidated Audit Trail, or CAT, continues to evolve from account-centric trade reporting requirements to now including customer-centric CAIS reporting.

Today's podcast guest is Mark Hendrickson, Head of Trading and Streetside Operations at DA Davidson Companies. Mark is also an Industry Advisory Committee Member representing clearing firms on the US Advisory Operating Committee of the Consolidated Audit Trail. Join us as Oyster CEO Buddy Doyle and Consultants Jeffrey Gearhart and Ralph Magee chat with Mark about

· the current state of CAT/CAIS reporting,

· industry concerns,

· what we see coming in 2024 and beyond, and

· how DA Davidson has been proactive and successful in preparing for and executing its CAT requirements.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Broker-Dealer Growth - Is Affiliation the Right Option?

Wed, 04 Oct 2023 10:00:00 -0400

Many introducing broker-dealers are moving to affiliate with another broker-dealer. Join Oyster Managing Directors Pete Bowman and Dave Williams as they discuss what affiliation means for broker-dealers, what is driving firms to the strategy, and what part the advisory side of the business plays when firms consider affiliation.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Bond Dealer's Association Podcast: Listening Sample

Mon, 18 Sep 2023 08:00:00 -0400

Oyster’s Capital Markets experts were recently featured on the Bond Dealer Association’s podcast, “Bonding Time,” discussing issues affecting the U.S. fixed income markets.

The podcast, hosted by Michael Decker of BDA, covers:

Fair Pricing for Fixed Income products and compliance with Rule 2121, and MSRB Rule G30
Best execution and the SEC’s new proposal
The latest on FINRA and MSRB trade reporting, including the proposals to shorten the trade reporting time to one minute
SEC Rule 15c2-12 disclosure requirements

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

How to Use FINRA Sweeps To Your Advantage - We Do and You Can, Too

Thu, 31 Aug 2023 09:00:00 -0400

Regulatory exams and sweeps are enough to keep any CCO up at night. In today’s podcast, Ed Wegener and Len Derus, both former FINRA regulators, walk through what helps inform regulator decisions about what to look for in an exam, how regulators identify areas for a sweep, and how you can use sweep letters to your advantage.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Registering a Broker-Dealer: The NMA and CMA Process Explained

Fri, 04 Aug 2023 11:00:00 -0400

In order to become a registered broker-dealer, you must be registered with FINRA. Applying for this membership is an extensive process with multiple steps. We receive many, many questions about submitting a New Member Application (NMA) with FINRA and when a firm needs to submit a Continuing Membership Application (CMA). In this episode of the Oyster Stew podcast, Oyster’s Ed Wegener and Lisa Robinson shares their thoughts on fast-track application, when a CMA is necessary, and what to think about before submitting.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Broker Dealers - Navigating the Pressure to Sell and Innovate

Thu, 13 Jul 2023 10:00:00 -0400

CEOs of broker-dealers are faced with the continuous pressure to innovate and increase profits. If these aren't happening, there is also pressure to sell. Successful broker dealers know that understanding how to navigate the demand for innovation and growth, or for changing the business model entirely is key for long-term prosperity.

In today’s podcast, Pete Bowman, Managing Director of Oyster’s Strategic Planning and Execution team and Dave Williams, Head of Business Development look at the increasing pressures facing broker dealers in today's markets and offer insight into how best to handle them, giving you a better chance of achieving success as well as satisfying clients both old and new.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Exploring Business Models for Peak Profitability

Thu, 15 Jun 2023 11:00:00 -0400

Platform technology, regulatory pressure, mergers and acquisitions are all driving financial services firms to re-evaluate their business models. In today’s podcast, Pete Bowman, Managing Director of Oyster’s Strategic Planning and Execution team and Dave Williams, Head of Business Development share their insights on how some firms are positioning themselves for the future.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The SEC Rules: How Modernizing Rule 605 Impacts Your Firm

Thu, 01 Jun 2023 08:00:00 -0400

In December 2022 the SEC offered 4 market structure proposals. The proposal to modernize Rule 605 was met with broad-based industry support. Oyster Consultant Frank Childress and guest Ted Karn, founder of The Karn Group, walk through what modernizing Rule 605 will mean for the industry, and what firms should be doing to prepare.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Protect Your Vulnerable Customers: Combating Investor Fraud

Thu, 18 May 2023 09:00:00 -0400

The investing population has grown and so has their wealth. This is good for their finances, but also creates more opportunities for fraud and abuse. Bob Mooney, General Counsel of Oyster Consulting, and Ron Long, Principal of Long Life Consulting, walk through the issues around protecting elder and vulnerable investors against fraud and abuse, and what financial services firms are doing to combat it.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

DOL PTE 2020-02 - What Comes Next

Thu, 04 May 2023 12:00:00 -0400

In February, a US District Court judge challenged the DOL’s FAQs around the fiduciary investment advice definition to rollover recommendations. In today's episode, Part 2 of 2 discussing DOL PTE 2020-02, experts Fred Reish, David Porteous and Joan Neri from the law firm of Faegre Drinker Biddle & Reath join Oyster's Ed Wegener will be discussing this case and other legal challenges, and the impacts these will have, if any.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Unpacking DOL PTE 2020-02

Thu, 04 May 2023 12:00:00 -0400

In today’s podcast, DOL PTE 2020-02 experts Fred Reish, David Porteous and Joan Neri from the law firm of Faegre Drinker Biddle & Reath will be discussing the current state of the industry’s implementation, how different firms are approaching the requirements, self-correction, and what they see as the DOL’s approach.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Are You Ready To Outsource Your CCO?

Thu, 20 Apr 2023 08:00:00 -0400

In today’s episode of Oyster Stew, our seasoned outsourced CCOs walk you through things to consider when deciding to outsource your CCO role, from the expertise and expanded resources an outsourced CCO brings, to common mistakes inexperienced CCOs make and concerns firms may have around outsourcing such an important role.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Digital Assets - What Happens Now?

Tue, 04 Apr 2023 12:00:00 -0400

In part 3 of our Digital Assets mini-series, Steve Gannon and Ed Wegener continue their discussion on the crypto landscape, the regulatory fallout around the determination of what constitutes a security, and the SEC’s actions.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Digital Assets - The Regulatory Evolution

Tue, 04 Apr 2023 12:00:00 -0400

In part 2 of or Digital Assets mini-series, Steve Gannon and Ed Wegener continue their discussion of the Regulatory actions that are occurring around digital assets, including cases that the SEC is bringing, and where they see these cases going.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Digital Assets - How We Got Here

Tue, 04 Apr 2023 12:00:00 -0400

The landscape for digital assets, cryptocurrencies and blockchain projects has become extremely complex. Regulators, developers and exchanges are struggling to provide clarity and guardrails without limiting innovation and profitability.
Today, Ed Wegener and Steve Gannon, a partner at the law firm of Davis Wright Tremaine, walk through the evolution of the crypto asset class, including some of the common types of digital assets and digital asset projects.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Proactive Strategies for Reg BI, Sales & Communications

Thu, 23 Mar 2023 08:00:00 -0400

As part of our podcast series talking about FINRA’s 2023 Exam Priorities, today our experts share best practices and what we are hearing from our clients and the industry at large on Reg BI, Sales and Communications.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Bond Dealers Association Podcast: Sample

Tue, 14 Mar 2023 13:00:00 -0400

Oyster's Capital Markets experts were recently featured on the Bond Dealer Association's podcast, "Bonding Time," discussing issues affecting the US fixed income markets. Topics include SEC Rule 15c-211, TRACE and MSRB reporting, the FINRA Margin Rule (42-10), Best Execution, T+1 and Clearing Options.

Enjoy a short sample of the original podcast. You can listen to the entire podcast here.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Unmask the Risks: Protect Your Firm Against Financial Crimes

Tue, 28 Feb 2023 11:00:00 -0500

Many leaders at broker-dealers have a strong belief that there is no money laundering occurring within their firm. Unfortunately, belief alone isn’t enough to satisfy the requirements and expectations of regulators. As part of our podcast series talking about FINRA’s 2023 Exam Priorities, today our experts dive into the Financial Crimes portion of the report around AML and manipulative trading.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

5 Things to Know Before Registering with FINRA

Thu, 23 Feb 2023 08:00:00 -0500

Oyster’s Ed Wegener chats with Lisa Robinson, formerly a Senior leader at FINRA, head of FINRA’s Membership and Application Program group and currently a member of Oyster’s Consulting team. Lisa shares her unique perspective on FINRA's registration and Continuing Membership Application process, including what firms should consider.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Do You Really Need a Full-Time CFO?

Thu, 02 Feb 2023 07:00:00 -0500

Whether you are searching for the right full-time employee but need someone right now, training someone internally, need a person with exceptional experience who can handle the complexity of your business or you just don’t need a fulltime position, outsourcing a role makes sense. Oyster’s General Counsel Bob Mooney and Consultant Fred Wagstaff share their thoughts on the value of hiring a fractional CFO.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

FINRA 's Annual Report Is Out - Here's What You Need to Know

Thu, 26 Jan 2023 12:00:00 -0500

Each year, financial services industry regulators produce what are generally known as Exam Priorities. In this podcast episode, our Compliance experts review FINRA’s exam priorities - what’s new along with the highlights you should be aware of. This annual report is a helpful tool to identify what FINRA is seeing during their examinations and what areas FINRA will be focusing on in the coming year. Learn how broker-dealers can use this tool to assess their supervisory system and make sure it is addressing the areas on which FINRA will be focusing.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The Regulatory Exam Process: How to make it work FOR you

Fri, 13 Jan 2023 08:00:00 -0500

How you manage the process of responding to a regulatory exam, whether it is routine exam, a sweep or an investigation can influence how the exam goes, and possibly the outcome of the exam as well.

As part of our series on managing exams and your regulatory relationships, Oyster’s experts provide best practices for managing the process of responding to exam requests.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Protect Your Trade Desk - Risk, Reputation and Regulatory Compliance

Thu, 08 Dec 2022 07:00:00 -0500

Regulators demand strong governance and supervision of sales and trading activities, including access to markets, electronic trading and client transactions. In today’s podcast, Oyster’s trade desk experts share their first-hand experience in trade desk risk management, operations and compliance oversight.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

How to Optimize Your Trade Desk

Wed, 30 Nov 2022 14:00:00 -0500

Trade desks can drive revenue growth and profitability, differentiate products and services, and be a fundamental need for advisor and investment services.

In today’s podcast, Oyster’s Capital Markets experts share their industry experience around starting and managing a successful trade desk.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Cut to the chase - Get the Best Clearing Firm Options

Thu, 17 Nov 2022 08:00:00 -0500

Your clearing and custodial partnerships touch every part of your business: your clients, financial professionals, technology platform, operations, digital experience and compliance are just some of those dependencies. And don’t forget about the impact on your P&L.

In today’s podcast, Oyster’s clearing and custodian experts share their experience with managing clearing platform technology, consulting and integration, including utilizing the other services these firms offer.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

15 Tips to Create an Effective Compliance Calendar

Fri, 11 Nov 2022 12:00:00 -0500

Risk assessments help prioritize your tasks and testing, and of course, the rules dictate what is required to be done to remain compliant. So how do you make sure you are following the rules and protecting your firm?

In today’s podcast, Oyster compliance experts, who work a variety of clients and business models, share tips they’ve learned on how to build an effective and efficient compliance calendar.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

What Can Happen When You Start Managing Your Clearing Relationship At an Executive Level

Thu, 10 Nov 2022 08:00:00 -0500

In today’s podcast Oyster’s clearing and custodian experts Dave Williams, Jay Donlin, Pete McAteer and Jim Roth share how you should manage your clearing and custodian relationships at the executive level.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Want to Improve Your Compliance Program? Know What Controls to Test

Wed, 26 Oct 2022 14:00:00 -0400

Creating a risk assessment lets you know where the risks are and where to focus your compliance efforts. Once you have a risk assessment, knowing which controls to test and how often is the next step to strengthening your compliance program. But how do you know which controls and how often you should test them? In today's podcast, Oyster experts share their expertise on successfully designing tests around risk controls.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

ESG Investment Strategy - Do It Right or Don't Do It

Thu, 20 Oct 2022 15:00:00 -0400

The markets continue to evolve, and so do the products offered to investors. In today’s market ESG investing remains a hot topic for clients, regulators and in the news. Deciding whether or not to offer ESG products requires strategic planning, risk measurement and compliance.

In today’s podcast Oyster CEO Buddy Doyle along with consultants Bill Reilly and Jeff Wilk share what they have seen in the industry as firms decide whether to offer these products, and what firms should consider, including new product strategy, due diligence, and navigating market cycles.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Strategies To Get The Most Out Of Your Risk Assessment

Wed, 19 Oct 2022 11:00:00 -0400

In our previous podcast our experts shared why they use risk assessments and the benefits having a risk assessment can provide. In today’s Oyster Stew podcast, Oyster’s experts share best practices and ways to leverage your risk assessment to strengthen your compliance program.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

We've Been Using Risk Assessments for Years - Here's Why

Thu, 13 Oct 2022 10:00:00 -0400

Regulators have been approaching their exams and regulatory requirements from a risk-based perspective, and use those assessments to evaluate how firms are controlling for the risks they have.

In today’s podcast, Part 1 of 2 about using Risk Assessments as a tool in your compliance program, Oyster’s experts share why they use risk assessments and why you should, too.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2023 Strategic Planning – Attracting Talent and Multi-Generational Clients

Thu, 06 Oct 2022 13:00:00 -0400

In our previous podcast about strategic planning for 2023, Oyster Consulting CEO Buddy Doyle and Head of Business Development David Williams talked about challenges we are hearing from our clients, from managing the effects of industry trends and technology to succession planning.

In today’s Oyster Stew podcast, Buddy and Dave continue their conversation, sharing their thoughts on recruiting top talent and multi-generational wealth management clients, and some risks to consider.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2023 Strategic Planning – Navigating Industry Challenges

Thu, 29 Sep 2022 09:00:00 -0400

Many Leaders are facing the same issues and challenges in today’s financial services industry: managing profitability, trying to hire good talent, and growing their business. Whether you are a member of an executive team or a business owner, your strategic plan is a critical element to the success of your organization.

In today’s podcast, Oyster CEO Buddy Doyle and Head of Business Development Dave Williams talk about challenges we are hearing from our clients, from managing the effects of industry trends and technology to succession planning.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Consolidated Audit Trail CAIS Reporting - Time to Test and Prepare

Thu, 22 Sep 2022 08:00:00 -0400

Consolidated Audit Trail reporting has reached a new regulatory stage, with upcoming Customer and Account Information System (CAIS) reporting requirements and interim obligations. Deadlines for achieving compliance with the requirements is December 12, 2022, only three months away.

In today’s podcast, Oyster Consulting’s experts share what the CAIS reporting requirements are, issues we are seeing from our own clients as they go down this path, and what firms should be doing to meet the deadlines successfully.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Best Practices for Modern Regulatory Exams

Thu, 15 Sep 2022 09:00:00 -0400

In our previous podcast about modern regulatory exams, our experts, some of whom who are former regulators themselves, shared how exams have evolved in recent years, and how knowing what you can expect can help you prepare and navigate through the process.

In today’s podcast, we share best practices for making the most out of your regulatory exams and what happens after the exam is over.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Keys to Successful Modern Regulatory Exams

Thu, 08 Sep 2022 10:00:00 -0400

Compliance professionals often dread regulatory exams, but there are effective ways to handle them.

In today’s podcast, hear from Oyster’s experts and former regulators how regulatory exams have become risk-based and data-driven, what is driving exam frequency and what the regulators are looking for.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

How Digital Transformation Impacts Client Communications

Thu, 01 Sep 2022 11:00:00 -0400

Digital tools have evolved, making access to information and the ability to transact far easier then ever before for the average investor. However, there are risks and challenges around this technology. What does this mean for your business?

In today’s podcast, Oyster Consulting’s experts explore the evolution of client-focused technology, the risks for securities industry businesses and some of the ways we are seeing firms mitigate them.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Want to Reduce Expenses in Your Budget? The Answer May Be Simpler Than You Think

Thu, 25 Aug 2022 08:00:00 -0400

We often look at how firms are reacting to and managing the rapid changes in the financial services industry. Reviewing the profitability of your firm is one process that can help you get and stay ahead of your competitors.

In today’s podcast, Oyster Consulting’s experts discuss things to consider when optimizing your P&L, including best practices, risks around making changes and how you can mitigate them.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

10 Best Practices for Electronic Communications Compliance

Tue, 16 Aug 2022 08:00:00 -0400

Regulators are increasingly focused on electronic communications and the use of unapproved personal devices. After several firms were fined, other firms have begun questioning whether or not their programs are robust enough to withstand that kind of scrutiny.

In today’s podcast, Oyster Consulting’s experts discuss challenges and best practices around these policies.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

FINOP Focus - Expense Sharing Agreement Best Practices

Thu, 11 Aug 2022 09:00:00 -0400

The requirement for broker-dealers to provide to regulators their expense sharing agreements is not new, yet it still keeps coming up in FINRA’s exam priorities every year. In this Oyster Stew Podcast our experts discuss what is requirements and some of the finer points of creating expense sharing agreements.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Outsourcing Initiatives Can Save Time and Money - Is It Right for Your Firm?

Thu, 28 Jul 2022 10:00:00 -0400

In this Oyster Stew podcast, Oyster Consulting experts Pete McAteer, Jeff Wilk, Cody Davis and Jeff Gearhart share their insights on when it makes sense to leverage a consulting firm to help with initiatives outside the regular scope of your day-to-day business (and some projects you may not have thought about), and what can make it a success.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Outsourcing Can Be An Advantage for Broker-Dealers - Is It Time For Your Firm?

Tue, 19 Jul 2022 14:00:00 -0400

Regulatory and economic factors are impacting many firms' profitability. Join us as our experts discuss how some firms are grappling with the decision to retain their FINRA registration or to outsource some of the supporting roles.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Best Practices for Overcoming Compliance Challenges

Thu, 14 Jul 2022 13:00:00 -0400

Regulatory issues can have a major impact on a Compliance professional's career. Oyster's experts, who are former CCOs, talk about the issues they faced, from liability and escalation to managing the relationship between Business and Compliance.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

T+1 - 6 Things Your Firm Should Be Doing Now

Thu, 07 Jul 2022 08:00:00 -0400

T+1 is currently slated for implementation in 2024, and if you aren’t planning for it now, you’re probably late. T+1 is more than a technology compression event – it will also require behavioral changes on both the buy and sell sides. In today’s Oyster Stew podcast, experts Jeff Gearhart, Frank Childress and Jose Fernandez share the six things your firm should be doing to prepare for implementation.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

AML Regulatory Expectations in 2022

Thu, 30 Jun 2022 14:00:00 -0400

The recent press attention and the increased use of sanctions as policy are additional drivers to this focus on AML. In today's podcast, our experts share their thoughts on FINRA's 2022 expectations around AML, as well as challenges and best practices they have seen with our clients

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Why Outsourcing your Annual Testing Makes Sense

Thu, 23 Jun 2022 12:00:00 -0400

Many firms follow the best practice of using an independent firm every few years to conduct their annual testing. In this period high compliance turnover, the value of having an outside resource to carry some of the load, provide conflict-free validation and a fresh perspective makes sense. In today’s Oyster Stew podcast, our experts share their insights on the value of having an independent resource provide your testing.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

History Provides Focus for the Future - A History of Equity Markets (Part 2)

Thu, 16 Jun 2022 11:00:00 -0400

Equity markets are changing so rapidly through products being offered, like digital assets, the technology used in trading, tracking and data management and the evolving regulations. In part 2 of the series, Oyster’s experts, Buddy Doyle and Frank Childress take a peek into the history of the US equity markets so we can learn what questions to ask today.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

History Provides Focus for the Future - A History of Equity Markets (Part 1)

Thu, 09 Jun 2022 13:00:00 -0400

Equity markets are changing so rapidly through products being offered, like digital assets, the technology used in trading, tracking and data management, and the evolving regulations. In today's podcast, Oyster’s experts, Buddy Doyle and Frank Childress take a peek into the history of the US equity markets so we can learn what questions to ask today.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Consolidated Audit Trail - Are You Ready for Phase 2e?

Wed, 01 Jun 2022 08:00:00 -0400

Compliance for Phase 2e of CAT reporting will be effective July 11th, 2022. This is a complicated linkage event and there are things firms should be doing to prepare. In today's podcast, Oyster CEO, Buddy Doyle, and Oyster’s CAT expert Ralph Magee talk about the challenges our clients are seeing and things firms should be doing to be ready for this next phase.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The Great Resignation - What It Means for Compliance

Wed, 25 May 2022 15:00:00 -0400

One trend in the financial services industry that we've seen recently is a significant increase in turnover in Compliance staff. Firms have challenges in quickly filling those roles. This podcast discusses this trend and what firms can do in order to mitigate the risks associated with this type of turnover.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Behind the Scenes - Life as a CCO Part 2

Thu, 12 May 2022 11:00:00 -0400

There are many things you just can’t learn from a book or from studying for an exam. Join us for Part 2 of our look back at our popular series, ‘CCO – Behind the Scenes. Take advantage of the practical experiences shared by Jeffrey Hiller, a former CCO for global investment firms and SEC investigator.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Behind the Scenes - Life as a CCO

Thu, 12 May 2022 07:00:00 -0400

Financial services compliance continues to evolve, but there are many things you just can’t learn from a book. Join us for Part 1 of our lookback at our popular series, CCO Behind the Scenes. Take advantage of the practical experiences shared by Jeffrey Hiller, a former CCO for global investment firms and SEC regulator.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

When To Leverage A Consulting Firm

Wed, 04 May 2022 11:00:00 -0400

There are significant changes happening across so many different facets of our industry, and often at a relatively high velocity. Whether it's social or technological, the advisory focused landscape or regulatory challenges, now is the opportunity for all of us to take a more strategic look at your business. In this Oyster Stew podcast, our experts discuss the many circumstances that cause the firms that we work with to make the decision to bring in a consulting firm.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Digital Transformation - Your Roadmap for Success

Mon, 25 Apr 2022 11:00:00 -0400

Digital transformation touches so many different aspects of how firms operate, how they interact with customers and how they manage critical data and records. In this episode of Oyster Stew, experts Jeff Wilk, David Altschul and Ed Wegener share best practices firms can deploy to begin their digital transformation.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Digital Transformation - Innovation & Agility For Growth

Tue, 19 Apr 2022 12:00:00 -0400

Customers now expect all forms of remote access and services, and firms are recognizing that these are now the staple of their customer experience, not the exception. Internal innovation and agility are a must, as the shift in culture within firms also takes place. In light of these changes, this podcast provides an in-depth conversation about why digital transformation is so important.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Digital Transformation - Control the Change

Tue, 12 Apr 2022 08:00:00 -0400

Today's technology and rate of change creates new challenges for firms of all sizes. They must keep up with the developments, navigate a constant environment of change, and do it all with a clearly articulated digital transformation plan. This podcast episode provides an in-depth conversation about what is meant by digital transformation.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Planning Your Exit

Mon, 28 Mar 2022 15:00:00 -0400

In today’s environment of acquisition and consolidation, thinking about succession and how you can monetize your assets should be a part of your strategic planning process.

In this Oyster Stew podcast, Oyster’s CEO Buddy Doyle and Dave Williams, Head of Business Development, share their insights on the value of strategically planning your exit.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

T+1 Brings Operational Challenges

Wed, 23 Mar 2022 11:00:00 -0400

Although T+1 isn't scheduled to be implemented until 2024, there are a lot of things firms need to take into consideration well beforehand. In this Oyster Stew podcast, our experts, who all have extensive experience in trading and markets and conversions, share their insights on what firms should be thinking about at this stage and what steps can be taken to make sure they're ready.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2022 Exam Priorities - Financial Management

Thu, 17 Mar 2022 12:00:00 -0400

Each year FINRA releases its Report on FINRA's Examination and Risk Monitoring Program, previously known as FINRA's Exam Priorities. In this Oyster Stew podcast, FINOP experts Jeff Harpel, Clark Tucker and Fred Wagstaff share their insights and thoughts on FINRA’s Financial Management priorities.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Consolidated Audit Trail (CAT) - Where Are We Now?

Tue, 15 Mar 2022 08:00:00 -0400

FINRA's Consolidated Audit Trail reporting requirements are steadily moving forward. Oyster experts provide an overview, discuss FINRA's CAT priorities, sweeps and pitfalls firms should avoid.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Starting Your RIA - Transitioning Your Book of Business

Wed, 09 Mar 2022 10:00:00 -0500

As you consider starting your own investment advisor, how to transition your book of business is always a hot topic for discussion. In today's podcast, Oyster experts Buddy Doyle, and Steve Anderson share their insights on Broker Protocol and other things to consider like employment agreements, commissions, and technology.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Starting Your RIA - Transitioning Your Book of Business

Thu, 03 Mar 2022 15:00:00 -0500

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2022 FINRA Report - Market Integrity

Wed, 02 Mar 2022 11:00:00 -0500

Each year, FINRA releases its Report on FINRA's Examination and Risk Monitoring Program, previously known as FINRA's Exam Priorities. In this podcast, Oyster experts Jeff Gearhart, Evan Rosser, Ralph McGee, and Frank Childress share their insights and thoughts on what firms should be doing around the Market Integrity portions of the report. This includes Consolidated Audit Trail (or CAT), Market Access, Best Execution, and Order Routing and Execution.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2022 FINRA Report - Communications, Operations and Sales

Wed, 23 Feb 2022 07:00:00 -0500

Oyster Consulting's experts give their insights on the 2022 Report on FINRA's Examination and Risk Monitoring Program. Topics include Reg BI, variable annuities, cybersecurity, Direct Business monitoring, SPACs, Private Placements and AML.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Growing Your RIA Business

Fri, 11 Feb 2022 13:00:00 -0500

Whether you are starting and RIA or are already running one, there are keys to growing a prosperous business. In this Oyster Stew podcast, our experts share their insights and experience to help you grow your business.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Starting Your RIA - Choosing Your Entity

Tue, 08 Feb 2022 14:00:00 -0500

When you form your own RIA, you must establish what type of entity you want to be. As part of our series on starting a Registered Investment Advisor, we’ll be talking about the different options and things to consider, like tax and cash flow ramifications, and the immediate, interim and long-term impacts of your choice.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Turning Exam Priorities Into Action Items

Thu, 03 Feb 2022 09:00:00 -0500

Each year industry regulators produce what are generally known as Exam Priorities. In this podcast Oyster Consulting's Governance, Risk and Compliance experts Ed Wegener, Sarah Sutton, Evan Rosser and Jeffrey Hiller talk about them - where they come from, how they’re used by the regulators and how you can use them to assess your compliance program.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Starting Your RIA - Choosing Your Tech Stack

Thu, 27 Jan 2022 09:00:00 -0500

Technology platforms impact nearly all aspects of your business, so selecting the right technology for your RIA is more than just choosing a custodian. Oyster's experts discuss defining what your firm needs, designing your technology processes around your business processes, and vendor due diligence, as well as other things to consider.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Starting Your RIA - The Registration Process

Thu, 20 Jan 2022 12:00:00 -0500

Learn how and when to start your own Investment Advisor Firm. Experts Buddy Doyle, Sarah Sutton and Jay Donlin discuss licensing, what you need, registering with the SEC and choosing a custodian.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Starting Your RIA - Establishing Your Compliance Program

Wed, 12 Jan 2022 13:00:00 -0500

This podcast focuses on establishing your compliance program, part of our series on Starting Your RIA. Our experts discusses the regulatory aspect of starting an RIA. There are some basic things you need to do to get started, as well as regulatory perspectives you should consider.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

You've Decided to Register Your IA - Now What?

Wed, 05 Jan 2022 13:00:00 -0500

Starting your own IA is exciting, but some of the steps to get there can be challenging. In this Oyster Stew podcast, our experts discuss what motivates people to start their own RIA, what’s involved from a high-level view, and some things we’ve seen that work and don’t work.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

6 Reasons a Fractional CFO Makes Sense

Thu, 28 Oct 2021 16:00:00 -0400

Experts Rob Hall and Bob Milburn discuss the role of a Fractional CFO, what qualifications you should look for and when it makes sense to hire one.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Leveraging Clearing Conversion Experts for Success

Mon, 04 Oct 2021 12:00:00 -0400

Clearing Conversions are an enormous undertaking. Oyster Consulting's experts Jay Donlin, Jim Roth, Tim Buckler and Pete McAteer share what drives them, what’s involved, and what makes a successful conversion.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Security Tokens - Regulations, Risk Controls Drive Confidence

Tue, 28 Sep 2021 10:00:00 -0400

In part 5 of our Digital Asset Series we talked about Digital Tokens – what are they, and what are the nuances and differences you need to know? Today, Ed Wegener, Jeff Gearhart and Buddy Doyle weigh in on the future of Security tokens and what issues need to be addressed to keep moving forward.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Tokenized Securities vs Security Tokens

Wed, 15 Sep 2021 08:00:00 -0400

In previous episodes of our podcast series Cryptocurrencies and Digital Assets: The Wheels are Turning - Are You Up-to-Date? we’ve talked about cryptocurrencies and Stable coins, which of course are built on blockchain or distributed ledger technology. In this episode, Oyster’s Jeff Gearhart, Ed Wegener and Buddy Doyle discuss the nuances for determining if a digital token, whether it is a tokenized security or a security token, is in fact a security.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Digital Assets - Removing the Intermediary

Tue, 07 Sep 2021 10:00:00 -0400

We’ve talked about cryptocurrencies and Stable coins, which of course are built on blockchain or distributed ledger technology. That technology means changes are coming on the back end of the industry, including the potential removal of transaction intermediaries.

In this episode, Oyster’s Jeff Gearhart and Buddy Doyle continue their conversation, this time around what the removal of transaction intermediaries means, who it impacts and what we are already seeing in the industry.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Cryptocurrencies and Stablecoins: VHS or Netflix?

Tue, 24 Aug 2021 10:00:00 -0400

Are cryptocurrencies and Stablecoins a currency or a security? Are they the digital gold some people say they are, or will they go the way of VHS and Betamax? Join Oyster Consulting’s Jeff Gearhart and Buddy Doyle as they continue their conversation in our series "Cryptocurrencies and Digital Assets: The Wheels Are Turning - Are You Up To Date?"

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Cryptocurrencies and Digital Assets: The Wheels are Turning - Are You Up-to-Date? Part 1

Thu, 29 Jul 2021 13:00:00 -0400

Welcome to our new series, Cryptocurrencies and Digital Assets: The Wheels are Turning - Are You Up-to-Date? where we will discuss regulations, the impacts on our markets and the securities industry, why cryptocurrencies are relevant and where they are going, as well as the implications of digital assets in the retail, securities and institutional space.

Hosted by Jeff Gearhart, today's episode features Ed Wegener, a former FINRA regulator, discussing what is happening on the regulatory front and how it is impacting the markets.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The Value a Paraplanner Can Add to Your Business

Mon, 21 Jun 2021 14:00:00 -0400

Paraplanners can make a financial planner's work life easier and more productive. Join Bill Davis and Matt Thomson, Head of Training at MoneyGuide Pro, as they discuss the challenges financial planners and Advisors face in today’s market, and how having Paraplanners can help resolve some of these issues.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Digital Strategy - Modern Chess for Financial Services Firms

Tue, 11 May 2021 09:00:00 -0400

Digital technology use has accelerated in the last 12 months in many areas, from education to exercise to the financial services industry. So what is digital transformation, and what does it mean for the financial services industry? Who will benefit and how? Join our panelists Dave Altschul, Jeff Wilk, Jim Roth and Pete McAteer as they discuss these topics and more.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The Upside of Independent Third Party Reviews

Tue, 04 May 2021 11:00:00 -0400

Regulatory settlement terms could require that the firm obtain the services of an independent third party to review and make recommendations for the firm to adopt and implement. While sometimes viewed with as an extension of the regulator, third party reviews may to your advantage during the settlement and pre-settlement process. Listen to this episode as Oyster Consulting's Patrick M. Dennis and Evan Rosser discuss the upside of third party review requirements.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

FINOP FOCUS: 2021 Exam Priorities

Thu, 22 Apr 2021 14:00:00 -0400

Don't be a findings in next year's FINRA Exam Priorities report.
Join our FINOP and Finance experts Rob Hall, Clark Tucker and Jeff Harpel as they discuss the repeated and new findings and recommendations in FINRA's 2021 Examination and Risk Monitoring Program.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Cybersecurity: Mitigating Vendor and Change Management Risks

Tue, 20 Apr 2021 17:00:00 -0400

In this episode of the Oyster Stew podcast, Oyster Consulting’s Buddy Doyle, Tim Buckler, and Ed Wegener continue their discussion on cybersecurity, with a focus on managing vendor risk. Learn why vendor risk assessments are crucial, how to address fourth-party risks, and the importance of tailoring these evaluations to the sensitivity of the data shared.

The conversation also explores:

Change management and its role in cybersecurity
Incident response planning and real-world crisis management tactics
Effective training strategies to mitigate insider risks
The value of cybersecurity insurance and ensuring compliance with policies

Gain actionable insights to strengthen your cybersecurity program and protect your firm from evolving threats.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Cybersecurity: Tactics for Mitigating Internal and External Threats

Wed, 14 Apr 2021 08:00:00 -0400

Cyber criminals have been active and the costs of compliance or, worse, a security breach, continue to rise. Join our experts Tim Buckler, Ed Wegener and Buddy Doyle as they discuss ways your firm can mitigate internal and external cyber threats.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Looking Ahead: Clearing Relationships and Succession Planning

Fri, 26 Mar 2021 09:00:00 -0400

Introducing brokers must look down the road when considering economics and profitability, whether it is looking at a neglected clearing firm contract, or considering consolidation, succession and other alternatives to fulfill future needs. Join our panelists David Williams, Jay Donlin, Dave Osborne and Jim Roth as they talk about what they are seeing in these areas, how firms are handling the current environment and how they are looking toward the future.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Are You Maximizing Your Clearing Firm's Capabilities?

Thu, 25 Mar 2021 12:00:00 -0400

Competition, regulations, technology and reduced margins may be reducing your broker-dealer's bottom line. How do you continue to thrive in this environment? The answer may be right in front of you - your clearing firm. Join our panelists David Williams, Jay Donlin, Dave Osborne and Jim Roth as they talk about how maximizing your clearing firm's capabilities can help your bottom line.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2021 Exam Priorities: The Importance of a Risk-Based Approach

Wed, 17 Mar 2021 08:00:00 -0400

Join Oyster CEO Buddy Doyle and consultants Ed Wegener, Evan Rosser (former FINRA regulators) and Jeffrey Hiller (former SEC regulator) as they discuss the importance of viewing the FINRA's 2021 Exam Priorities and your compliance program through a risk-based lens.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - FINRA Expects More

Wed, 10 Mar 2021 08:00:00 -0500

For years FINRA has shared its priorities for the coming year, and 2021 was no exception. This year, FINRA's higher expectations of Reg BI compliance are worth checking into, so you have a successful compliance program and exam. Join Oyster CEO Buddy Doyle and consultants Ed Wegener, Evan Rosser (former FINRA regulators) and Jeffrey Hiller (former SEC regulator) as they discuss how making the most of the new 2021 Exam Priorities information on Reg BI can ensure your compliance program will meet regulator expectations.

If you haven't already, check out our Regulators - Behind the Scenes podcast mini-series to learn more about how Regulators think.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - FINRA's Higher Expectations in 2021

Tue, 09 Mar 2021 08:00:00 -0500

You’ve done the work to get ready for Reg BI…was it enough? Join Oyster CEO Buddy Doyle and consultants Ed Wegener and Evan Rosser (former FINRA regulators) and Jeffrey Hiller (former SEC regulator) as they discuss regulators' expectations around Reg BI compliance in 2021, and how understanding and using FINRA's new Exam Priorities letter format can help you ensure your compliance program will meet those expectations.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

FINRA 2021 Exam Priorities - Innovations & Regulations

Tue, 02 Mar 2021 09:00:00 -0500

For years FINRA has shared its priorities for the coming year, and 2021 was no exception. However, this year's new format and FINRA's higher expectations are worth checking into so you have a successful exam. Join Oyster CEO Buddy Doyle and consultants Ed Wegener, Evan Rosser (former FINRA regulators) and Jeffrey Hiller (former SEC regulator) as they discuss how the new format can help you ensure your compliance program will meet regulator expectations.

This podcast is the first of several we will be producing to help you utilize and understand this year's priorities.

Don't miss Jeffrey Hiller's podcast series "CCO Behind the Scenes." There are more things to being CCO than you can learn in a book.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Remote Branch Exams: Expectations, Requirements and Things to Consider

Mon, 11 Jan 2021 14:00:00 -0500

Join Oyster Consulting's Buddy Doyle, Jeffrey Hiller, Evan Rosser and Ed Wegener as they provide insight on the current regulatory expectations and requirements around remote inspections, as well as things you should consider when preparing for an exam. Oyster's consultants have been conducting remote testing for clients for years. Jeffrey, Evan and Ed are all former regulators, and have been on both sides of the issue when it comes to remote inspections.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Regulators - Behind the Scenes: Episode 4

Tue, 10 Nov 2020 14:00:00 -0500

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Regulators - Behind the Scenes: Episode 5

Tue, 10 Nov 2020 07:00:00 -0500

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Regulators - Behind the Scenes: Episode 3

Tue, 10 Nov 2020 07:00:00 -0500

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Regulators - Behind the Scenes: Episode 2

Tue, 10 Nov 2020 07:00:00 -0500

Join Oyster Consulting's former regulators Patrick M. Dennis, Jeffrey Hiller, Bill Reilly, Evan Rosser and Ed Wegener in our new podcast mini-series, Regulators- Behind the Scenes. In this episode, they share their experiences and perspectives as former SEC, FINRA and State regulators on Document Production and the importance of good communication with examiners.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

New Mini-series! Regulators - Behind the Scenes

Tue, 10 Nov 2020 07:00:00 -0500

Join Oyster Consulting's former regulators Patrick M. Dennis, Jeffrey Hiller, Bill Reilly, Evan Rosser and Ed Wegener in our new podcast mini-series, Regulators- Behind the Scenes. In each episode, they share their experiences and perspectives as former regulators with the SEC, FINRA and the State of Florida, as well as experiences working as CCOs and consulting for clients on regulatory exams and issues. Some things you just won't learn from a textbook, such as managing your relationship with regulators, what to expect during an exam, handling violations and document production during an exam, and escalation, to name a few.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Regulation Best Interest (Reg BI) - Where Are We Now?

Tue, 03 Nov 2020 08:00:00 -0500

On October 26, 2020 the SEC hosted a Reg BI/Form CRS roundtable event. Oyster CEO Buddy Doyle and Consultant Evan Rosser took this opportunity to add their input about where regulators are when enforcing Reg BI, and what we are hearing from our clients. Reg BI is an ongoing compliance requirement, and now is the time for firms to take a look at the feedback from the regulator s, their customers and their sales force. Listen to learn what regulators are looking at, what other firms are doing and what your firm should be doing to comply with Reg BI.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

CCO - Behind the Scenes, Episode 5

Wed, 14 Oct 2020 09:00:00 -0400

In this episode of CCO - Behind the Scenes, Jeffrey Hiller discusses what makes a good CCO, the importance of being a "straight shooter," giving bad news. Listen as Jeffrey shares his real experiences and lessons learned during his vast experience as both a CCO for several global investment firms and Senior Counsel for the SEC's Division of Enforcement. Being CCO is more than just checking boxes.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The Market Access Rule - Digging Deeper

Mon, 12 Oct 2020 09:00:00 -0400

Oyster Consulting often works with clients after they've been examined by the regulators, and the Market Access Rule (Rule 15c3-5) is no different. It's in your firm's best interest to take a proactive look at your Market Access program and get it in good order, before the regulators do. In this second of 2 podcasts covering the Market Access Rule, Oyster Consultants Joe Sisti and Evan Rosser discuss some of the finer points of a solid Market Access program, including post-trade surveillance, annual certifications and periodic testing.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

CCO - Behind the Scenes Episode 4

Wed, 07 Oct 2020 08:00:00 -0400

In this episode of CCO - Behind the Scenes, Jeffrey Hiller talks about what "Tone at the Top" means, and why it's important to embed the Compliance Department within the firm. Listen as, during these short discussions, Jeffrey shares his real experiences and lessons learned during his vast experience as both a CCO for several global investment firms and Senior Counsel for the SEC's Division of Enforcement. Being CCO is more than just checking boxes.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The Market Access Rule - Still a Priority for FINRA...and for You

Thu, 01 Oct 2020 08:00:00 -0400

The Market Access Rule (Rule 15c3-5) remains on FINRA's priority list - they provided guidance on the rule and initiated enforcement actions against firms struggling to adhere to it. Oyster Consulting often works with clients after they've been called to the carpet by the regulators. It's in your firm's best interest to take a proactive look at your Market Access program and get it in good order, before the regulators do. In the first of 2 podcasts covering the Market Access Rule (Rule 15c3-5), Oyster Consultants Joe Sisti and Evan Rosser discuss who's affected, regulatory focus and what firms should be doing to comply.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

CCO - Behind the Scenes Episode 3

Wed, 30 Sep 2020 08:00:00 -0400

Join Oyster Consulting's Jeffrey Hiller in his new podcast mini-series, CCO - Behind the Scenes, as he shares his vast experience as both a CCO for several global investment firms and Senior Counsel for the SEC's Division of Enforcement. Being CCO is more than just checking boxes. Listen and learn in these short discussions as Jeffrey shares his real experiences and lessons learned. In this week's episode Jeffrey discusses personal compliance violations and what you should do. Some things you just won't get from a textbook.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

CCO Behind the Scenes - Episode 2

Wed, 23 Sep 2020 08:00:00 -0400

Join Oyster Consulting's Jeffrey Hiller in his new podcast mini-series, CCO - Behind the Scenes, as he shares his vast experience as both a CCO for several global investment firms and Senior Counsel for the SEC's Division of Enforcement. 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 repeat violations and how and when to escalate issues successfully.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

New Mini-Series! CCO - Behind the Scenes

Wed, 16 Sep 2020 14:00:00 -0400

Join Oyster Consulting's Jeffrey Hiller in his new podcast mini-series, CCO - Behind the Scenes, as he shares his vast experience as both a CCO for several global investment firms and Senior Counsel for the SEC's Division of Enforcement. Jeffrey 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.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Leadership - Connecting the Dots in Today's Business Environment

Wed, 19 Aug 2020 07:00:00 -0400

Oyster industry leaders 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

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Preparing for Modern Regulatory Exams

Wed, 05 Aug 2020 07:00:00 -0400

The pandemic has changed how firms operate, and regulators have had to change their examination practices to accommodate remote offices and staff. In this episode, Oyster Managing Director Ed Wegener, who was a former SVP and Midwest Regional Director of FINRA, shares his insider views on:

the changes in the regulator's examination program
the kind of the people that are doing examinations
what firms should expect when an examiner walks in now

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Understanding Risk-Based Regulatory Exams

Wed, 29 Jul 2020 07:00:00 -0400

For financial services firms registered with regulatory bodies, regulatory exams have instilled the gamut of emotions from annoyance to anxiety, to outright fear. Fortunately, 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. This week's episode features Oyster Managing Director Ed Wegener, formerly a SVP and Midwest Regional Director of FINRA discussing risk assessments and how FINRA is using those assessments to help determine the scope, depth, breadth and frequency of their examinations of broker-dealers.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Retirement Planning Software - Selection & Implementation Considerations

Tue, 16 Jun 2020 17:00:00 -0400

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.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Software Selection - Where Do I Start?

Thu, 11 Jun 2020 08:00:00 -0400

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 Polly Cordle, Managing Director of Oyster Solutions Software, offers some tips and tricks on what to look for when you are considering new software.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Resolving Operational Issues Uncovered During Acquisitions and Transformations

Thu, 28 May 2020 12:00:00 -0400

Trying to resolve issues and improve operational efficiency by aligning people and technology can lead to unexpected problems and mixed results. Whether your firm leadership wants to evaluate how the firm is running, the firm has recently undergone a merger or acquisition or is experiencing errors, losses or attrition, an Operational Assessment can increase efficiency, save your firm time and even improve your internal and external client and corporate experience.

In this episode, 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.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Conducting Remote Supervision in Your Transitioning Workplace

Wed, 20 May 2020 13:00:00 -0400

Regulators expect both offsite and onsite monitoring of offices and employees due to the heightened risk inherent in remote arrangements. The work-at-home orders issued by the States in response to the pandemic have created supervision challenges for firms. While some consider the present state the “new normal,” no one really knows how and when this will all progress.

In this week's podcast, 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 review, trade surveillance, central supervision processes, training and roll-out, and remote supervision tactics.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Will There Be A Post-Pandemic Securities Litigation Wave?

Wed, 13 May 2020 08:00:00 -0400

When markets are volatile, history has shown us that there is often an increase in securities litigation, In this episode, Oyster experts 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.

You can learn more from our May 13, 2020 blog "Increases Expected in Pandemic-Related Securities Litigation."

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Your Transitioning Workplace - Don't Lose Sight of the Moving Parts

Wed, 06 May 2020 13:00:00 -0400

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? In this episode, Oyster experts address several things firms should be reviewing, including email surveillance, marketing and advertising, policies and procedures, your compliance calendar and how you will test these things remotely.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

SEC Issues Anticipated Exemptive Relief for Consolidated Audit Trail (CAT)

Wed, 29 Apr 2020 15:00:00 -0400

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 experts 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.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Planning Services to Help You Serve Your Clients Better

Mon, 20 Apr 2020 16:00:00 -0400

As more and more people are turning to Investment Advisors and Financial Planners for help managing their money, advisors and planners are looking for ways to better serve their new and existing clients and continue to grow their business. Oyster Director Bill Davis explains how Oyster's new Advisory Planning Services help Advisors and Financial Planners improve their efficiency, assess, select and implement software, and better understand their clients' wants and needs.

*Oyster Consulting does not act as an Investment Advisor, Broker-Dealer or Financial Planner. These services are for financial institutions and Advisors.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Annual Review Best Practices - Do You Know What to Look For?

Thu, 16 Apr 2020 11:00:00 -0400

In this episode Oyster CEO Buddy Doyle and Managing Director Polly Cordle discuss best practices for conducting broker-dealer and investment advisor annual reviews. Topics include testing your compliance program, including reviewing your compliance calendar to maximize the use of your time and resources, new products, system implementations and taking into account what's different in today's environment. Buddy and Polly also discuss how Oyster Solutions software can make producing your annual review a much more efficient process.

Oyster Solutions is one “solution” for many systems:

A system to track various workflows and processes across multiple departments.
Advertising submission tracking including teaching your employees how to submit “compliant” pieces
A system that produces metrics and reporting dashboards for management to assess progress
Trade monitoring and best interest alert system to advise when portfolios fall out of line
System(s) for tracking employee attestations and training throughout the calendar year
A system to keep in line policies with procedures and ensure one doesn’t exist without the other

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

FINOP Exam Priorities and COVID 19 Impacts on FINOP Procedures

Wed, 08 Apr 2020 17:00:00 -0400

Oyster Consulting CFO Robert Hall and Consultants Jeff Harpel and Clark Tucker discuss FINRA's Exam Priorities from a FINOP perspective, and what the impacts COVID 19 could have on FINOP procedures and Business Continuity Plans.

For more information about how Oyster can help your firm with FINOP support or Business Continuity Planning, complete this form and one of our Relationship Mangers will contact you.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

CAT (Consolidated Audit Trail) - What You Should Be Doing

Thu, 02 Apr 2020 08:00:00 -0400

In this episode, Oyster Consultant Ralph Magee and Devyze CEO Jeff Call discuss what the Consolidated Audit Trail (CAT) is and its purpose, what is happening in the industry from a reporting standpoint, where we are with the CAT today and what firms should be doing.

Oyster can help you assess how your firm is positioned for CAT readiness, manage your requirements assessment and implementation phases, interface with your own technology providers, and assist you in determining what and how your technology providers will report for you. We can also assist in testing data scenarios and data linkage, as well as creating an error repair process. Firms can also leverage Oyster testing tools to gather and analyze reported data and errors.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Risk Assessments - Keeping Your Firm Focused

Wed, 25 Mar 2020 08:00:00 -0400

This week's episode features Oyster CEO Buddy Doyle and Polly Cordle, Managing Director of Oyster Solutions Software, discussing the importance of risk assessments, especially in today's volatile financial situation. Included are best practices for creating and maintaining risk assessments, regulatory reporting around risk, and how Oyster Solutions Software makes maintaining and reporting risk assessments easy.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Why Outsourcing Your Platform Assessment, Selection & Implementation Processes Makes Sense

Wed, 18 Mar 2020 08:00:00 -0400

Transitioning your platform can be a vital component of making sure your firm is successful for many years to come. Managing your firm’s platform transition is a significant undertaking that will impact most areas of your business. Investing in a third party to make sure the disruptions are minimized while the planning, execution, testing and change management are being done concurrently can be a good strategy to free up firm resources.

In this podcast episode, Managing Director Pete McAteer discusses why outsourcing makes sense, and how Oyster Consulting is uniquely positioned to help.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

COVID 19 and Your Business Continuity Plan

Thu, 12 Mar 2020 14:00:00 -0400

In light of the evolving progression of the COVID-19 virus, today's podcast discusses what firms should be considering when it comes to their Business Continuity Plan.

Are you ready to provide the critical services to your clients if you must close your business during a quarantine? What if 20% of your employees can telecommute, but are sick? There are no boiler plate approaches to business continuity planning that will work like one designed for your business. So, spend some time soon reviewing your plan. Ask yourself if it will work or not and amend it, as necessary. And if you want to be truly ready, practice it.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Clearing Platform Selection and Implementation

Wed, 04 Mar 2020 07:00:00 -0500

The analysis to decide if it’s best to invest in your current platform or consider a different path should not be ignored or pushed too far into the future. One of the most meaningful relationships any introducing broker-dealer has is with its clearing provider. In this week's episode, Managing Director Pete McAteer discusses what you should do after you've identified any gaps in your clearing platform needs, including a discussion of the selection and implementation processes.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Should You Be Assessing Your Clearing Platform?

Thu, 27 Feb 2020 11:00:00 -0500

Are you getting the most out of your clearing partner?
Are your costs where they should be?
Are you looking to improve your service, technology and financial position?

One of the most meaningful relationships any introducing broker-dealer has is with its clearing provider. In this week's episode, Managing Director Pete McAteer discusses when and why you should be evaluating your clearing platform, and things to consider.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2020 SEC & FINRA Exam Priorities, Part 3

Wed, 19 Feb 2020 07:00:00 -0500

In case you're wondering what the regulators will be focusing on this year, they are kind enough to let you know when they publish their annual Exam Priorities Letters. This episode is Part 3 in a series discussing the SEC and FINRA 2020 Exam Priorities Letters. Oyster Consulting CEO Buddy Doyle, Director Evan Rosser and Senior Consultant Joe Turner talk about what's new, particularly around Technology, Cybersecurity, Business Continuity Plans and Cash Management / Bank Sweeps.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2020 Exam Priorities Letters - Takeaways, Part 2

Wed, 12 Feb 2020 07:00:00 -0500

In case you're wondering what the regulators will be focusing on this year, they are kind enough to let you know when they publish their annual Exam Priorities Letters. This episode is Part 2 in a series discussing the SEC and FINRA 2020 Exam Priorities Letters. Oyster Consulting CEO Buddy Doyle, Director Evan Rosser and Senior Consultant Joe Turner talk about Market Access and Best Execution requirements.

Future exam priorities podcast topics will include:

Technology and Cybersecurity
Business Continuity Plans
Cash Management / Bank Sweeps

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

2020 Exam Priorities Letters - Part 1

Wed, 05 Feb 2020 14:00:00 -0500

In case you're wondering what the regulators will be focusing on this year, they are kind enough to let you know when they publish their annual Exam Priorities Letters. This episode is Part 1 in a series discussing the SEC and FINRA 2020 Exam Priorities Letters. Oyster Consulting CEO Buddy Doyle, Director Evan Rosser and Senior Consultant Joe Turner talk about what's new, particularly around Reg BI and Form CRS requirements.

Future exam priorities podcast topics will include:

Market Integrity
Best Execution
Technology and Cybersecurity
Business Continuity Plans
Cash Management / Bank Sweeps

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - What's Required in Form CRS

Wed, 29 Jan 2020 14:00:00 -0500

As you complete your Form ADV, completing the Regulation Best Interest (Reg BI) Form CRS should also be on your list of things to do. In this week's episode, Oyster experts discuss what's required and how Oyster Solutions is helping our clients make the task of completing Form CRS easier.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

The NIST Privacy Framework - What It Is and What Your Firm Should Be Doing

Wed, 22 Jan 2020 15:00:00 -0500

NIST published in January 2020 its Privacy Framework, "a voluntary tool developed in collaboration with stakeholders intended to help organizations identify and manage privacy risk to build innovative products and services while protecting individuals’ privacy." In this podcast episode, Oyster Consultant Tim Buckler explains what the Privacy Framework is, why you should implement it, and what is involved.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Making Your Compliance Calendar and Annual Review More Efficient and Effective

Tue, 14 Jan 2020 13:00:00 -0500

In this episode, Oyster experts share how Oyster Solutions Software can make your Annual Compliance Calendar and Review processes easier and more efficient using workflows and automated reporting.

Oyster Solutions is one "solution" for many systems:

A system to track various workflows and processes across multiple departments.
Advertising submission tracking including teaching your employees how to submit “compliant” pieces
A system that produces metrics and reporting dashboards for management to assess progress
Trade monitoring and best interest alert system to advise when portfolios fall out of line
System(s) for tracking employee attestations and training throughout the calendar year
A system to keep in line policies with procedures and ensure one doesn’t exist without the other

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

When Does Outsourcing Your CCO Role Make Sense?

Wed, 08 Jan 2020 13:00:00 -0500

Deciding whether or not to outsource the Chief Compliance Officer role is an important decision. In this episode, our hosts discuss things you should consider when making this decision, including resource availability, experience, and interaction with regulators.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

'Twas the Night Before the Exam

Wed, 18 Dec 2019 07:00:00 -0500

Enjoy our holiday take on the popular 'Twas the Night Before Christmas poem as our fictional CCO realizes the benefits of hiring Oyster Consulting to assist with his regulatory exam.

Happy Holidays from Oyster Consulting!

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Should You Outsource Your FinOP Position?

Wed, 11 Dec 2019 07:00:00 -0500

If you are having trouble keeping up with your FinOP reporting, worried about making mistakes, or are a newly-licensed FinOP but need more experience, outsourcing the job, even temporarily, may be the answer. This week Oyster Founder and CFO Rob Hall and FinOP Consultants Jeff Harpel and Clark Tucker talk about what an outsourced FinOP can do for your firm and common mistakes FinOPs make.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Effective Expert Witnesses

Wed, 04 Dec 2019 07:00:00 -0500

Oyster Consulting General Counsel Patrick M. Dennis and Independent Consultant Andy Favret discuss what makes an effective Expert Witness, as well as the typical industry cases they have participated in as an expert witness.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Advertising Rules - Enforcement Actions and the Impact of Reg BI

Wed, 20 Nov 2019 07:00:00 -0500

In this episode, Part 2 of 2, Oyster Associate Director Bill Reilly and Senior Consultant Michelle Craft discuss relevant SEC enforcement actions around Advertising, and the impact Reg BI will have on Advertising policies and procedures, especially the use of titles.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

"Mad Men" Era Advertising Rule Changes Proposed

Fri, 15 Nov 2019 15:00:00 -0500

The SEC Advertising Rule hasn’t been amended since 1961 – a time before widespread use of desktop computers, cell phones, social media or even websites. In this episode, Part 1 of 2, Oyster Associate Director Bill Reilly and Senior Consultant Michelle Craft discuss the proposed changes in detail and what firms should be thinking about when assessing their advertising materials.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - The Compliance Obligation

Wed, 06 Nov 2019 12:00:00 -0500

In this episode, Oyster CEO Buddy Doyle, General Counsel Patrick M. Dennis and Managing Director Polly Cordle discuss the Reg BI Compliance Obligation and the core things firms should focus on to fulfill that obligation, including:

Products
Advertising & Marketing
Training

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - The Disclosure Obligation

Wed, 30 Oct 2019 10:00:00 -0400

In this episode, Oyster experts discusses the Regulation Best Interest Disclosure Obligation - what it means for broker-dealers, advisors and dual registrants. Topics include disclosure and conflict examples, as well as Form CRS requirements.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - The Care Obligation

Wed, 23 Oct 2019 08:00:00 -0400

In this episode, Oyster Consultants Bob Tuch and Joe Sisti, along with Oyster's General Counsel Patrick M. Dennis, discuss the Regulation Best Interest (Reg BI) Care Obligation. Bob and Joe touch on factors to consider when making recommendations, "Reasonable Available Alternatives," account selection and rollover recommendations.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - Conflicts of Interest Obligation

Wed, 16 Oct 2019 10:00:00 -0400

In this episode, Oyster CEO Buddy Doyle, and Consultants Bob Tuch and Bill Reilly discuss the Regulation Best Interest (Reg BI) Conflicts of Interest Obligation, including:

Identifying and assessing conflicts
Disclosure, mitigation, elimination and monitoring
New product review around conflicts
Escalating conflicts
Conflict surveillance
Disclosure reviews
Training

Reg BI requirements touch on many, many aspects of Broker-Dealer and RIA businesses. Oyster can help your firm navigate the rule and make sure your firm is compliant and ready for the implementation deadline.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - It's A Bigger Deal Than You Might Think

Wed, 09 Oct 2019 13:00:00 -0400

(Recorded October 3, 2019) Reg BI is a bigger deal than you might think, and the implementation deadline is only 9 months away. This episode presents an overview of the four Obligations of Reg BI and what firms need to be doing. Reg BI will affect many, many aspects of a firm's policies and operations, from marketing and advertising to compensation, recommendations and communications, to name a few.

In this episode our experts provide an update on what regulators and industry members are saying, and touches on the complexity of Form CRS.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting

Reg BI - Now in Play

Mon, 10 Jun 2019 17:00:00 -0400

In this episode, Oyster's experts discuss Reg BI, including who will be affected and what firms can be doing now to prepare.

CRC-Oyster: Compliance Risk Concepts / Oyster Consulting