Oyster Consultant Komansky, Panelist in HFM Week Special Report – Bermuda 2016

Oyster Consulting (Bermuda) Senior Consultant Henry Komansky is a featured panelist in the HFM Week’s Special Report, Bermuda 2016.  Henry, Sean Moran (BDA), Tonesan Amissah (Appleby), Ken Mahadeo ( Apex Fund Services) and Craig Bridgewater (KPMG) discussed Bermuda’s development as a domicile. “Bermuda continues to enhance its anti-money laundering/anti-terrorist financing regime with amendments to various… READ MORE

Oyster Consulting’s Harriet Britt Article “FINRA Digital Advice and the Robo-World” in NSCP’s April Issue of Currents

Oyster Senior Consultant Harriet Britt recently contributed her article, “FINRA Digital Advice and the Robo-World” to the National Society for Compliance Professional’s (NSCP) latest issue of Currents, the organization’s monthly publication for industry professionals.  The article reviews FINRA’s “Report on Digital Advice,” including  supervision of testing algorithms and tools, fees and expenses, investor profiles and… READ MORE

Oyster Consulting (Bermuda) Manager Continues Thought Leadership Role

The Regulatory Compliance Association (“RCA”) held its annual Symposium in Bermuda this month. A Women’s Summit was held prior to the Symposium’s Welcome Reception on Sunday evening.  Alison Morrison, Managing Director of the Oyster Consulting (Bermuda) office was a panelist on one of the two Women in Asset Management & Regulation panels during the afternoon. … READ MORE

The Department of Labor’s Proposed Fiduciary Rule: What Investment Advisors Should Be Doing Now

The new Department of Labor (“DOL”) Rule changes the definition of “fiduciary” under the Employee Retirement Income Security Act (“ERISA”), expanding the universe of financial professionals who would be deemed to be fiduciaries. Most of the Rule’s requirements become effective April 10, 2017.  The full disclosure provisions, the policies and procedures requirements, and the contract… READ MORE

The Department of Labor’s Proposed Fiduciary Rule: How Will It Impact Investment Advisers?

The new Department of Labor (“DOL”) Rule changes the definition of “fiduciary” under the Employee Retirement Income Security Act (“ERISA”), expanding the universe of financial professionals who would be deemed to be fiduciaries. Most of the Rule’s requirements become effective April 10, 2017.  The full disclosure provisions, the policies and procedures requirements, and the contract… READ MORE

The DOL Fiduciary Rule: Time for Acceptance

In October 2010, the Department of Labor proposed a rule to redefine the label “fiduciary” and change the way retirement plans and IRAs address conflicts of interest. Last week, the rulemaking process came to an end. What followed was an avalanche of blogs, articles, press releases and interviews within the industry, tossing out terms like… READ MORE

Henry Komansky, JD of Oyster Consulting (Bermuda) Ltd. Presents Continuing Legal Education Lecture

Oyster Consulting (Bermuda) Ltd. lecture discussed Bermuda’s new Anti-Money laundering/Anti-Terrorist Finance audit requirements     Oyster Consulting (Bermuda) Ltd. Consultant Henry M. Komansky, J.D., presented his second CLE lecture to the Bermuda Bar Association on 6th April 2016 to discuss changes to Bermuda’s Anti-Money Laundering/Anti-Terrorist Financing requirements. On 1 January 2016, the long-pending Bermuda Proceeds of… READ MORE