Best Practices

Digital Assets – Are You Ready?

The securities and futures industries have a long history of creating, distributing, and trading new and innovative products and asset classes. Innovation is not without risk and successful firms have typically introduced disciplined processes to achieve compliance within existing regulations, even when there are gray areas. For broker-dealers, the suitability rule (2111) is the guiding… READ MORE

Digital Assets and State Regulatory Challenges

One of the challenges for firms regulated by states is the state’s autonomy to both draft and enforce their own laws It is important to be aware of the regulations in any states where you may be conducting business, including the offer or sale of digital assets. A review of state regulations reveals one common… READ MORE

PIPA: What You Need to Know

The Personal Information Privacy Act (PIPA) is expected to come into effect this year. PIPA will impose obligations on organizations using personal information in Bermuda. Under PIPA, personal information means any data about an identified or identifiable individual. If a company holds personal information about customer or employees, there are obligations in the Act that… READ MORE

What’s On Your Checklist?

Companies set many plans and objectives yearly to continue good business operations. This is like most people who have on their lists improving their health so they can aim to live longer.  In the same way, firm leaders also need to apply this this determination to the wellness of their firms. What should be on… READ MORE

‘Tis the Season for the Bribery Act

As gifts are given and received, with the introduction of the Bermuda Bribery Act 2016, its time to consider the following important questions: Do I need to report the Quality Street? (Not Likely) What about that Goslings 2017 America’s Cup Trophy Rum and Decanter? (Yes, and can I have some?) The Bermuda Act, like its UK parent,… READ MORE

Oyster Offers AML/ATF Training

Is your AML/ATF program effective?  Does it contain training for your employees as well as customized policies and procedures?  Creating, distributing and training on regulatory and continuing education topics can be time consuming and run the risk of not being up to industry standards.  Oyster Consultant Henry Komansky conducts training sessions on the latest Anti-Money… READ MORE