Oyster Stew - A Broth of Financial Services Commentary and Insights

Oyster Stew - A Broth of Financial Services Commentary and Insights

We try to take a look at industry news and give you the highlights for Compliance, Operations and Strategy Departments and Associates.... Show More

Episodes

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.  

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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 resou...

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 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...

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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 di...

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  • 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. 

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    February 19, 2020 16 min

    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, Busi...


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    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 prioriti...

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    February 5, 2020 15 min

    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 requirement...

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    January 29, 2020 20 min

    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 Senior Consultant Bob Tuch and Oyster Solutions Managing Director Polly Cordle discuss what's required and how Oyster Solutions is helping our clients make the task of completing Form CRS easier. 

     

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    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. 

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    In this episode, Managing Director Polly Cordle and Consultant Gray Houghton 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 you...

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    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.   

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    December 18, 2019 2 min

    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!

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    December 11, 2019 18 min

    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.   

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    December 4, 2019 16 min

    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. 

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    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.  

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    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. 

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    November 6, 2019 24 min

    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
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    October 30, 2019 16 min

    In this episode, Managing Director Polly Cordle, Associate Director Nikki Brinkerhoff and Consultant Lance Whittemore 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.   

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    October 23, 2019 20 min

    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.

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