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… READ MORE
Last October, the SEC approved sweeping, new FINRA registration rules that consolidated and restricted existing NASD and NYSE registration rules. The rules affected are FINRA Rules 1210, 1220, 1230, and 1240. The rules are effective October 1, 2018. Over the next few weeks, Oyster will post blogs on the following topics to help you understand… READ MORE
Join us for a 45-minute webinar as our experts cover these and other topics: What is distributed ledger technology? What challenges do financial industry firms face by using it? What firms need to do today to protect their clients and themselves Oyster consultants have worked to create exchanges, ATSs, FinTech firms, and… READ MORE
There are many questions that must be answered to understand the risks for broker-dealers and investment advisors who are considering a business mix that includes digital assets. Examples that hit at the core of how firms operate are custody for investment advisors and a similar topic of possession and control for broker-dealers. Unfortunately, for those… READ MORE
What is Digital “Mining?” Blockchain or distributed ledger technology is a shared ledger, duplicated across a network of computers or operators of “nodes” on the network, typically referred to as “Miners”. Blockchain secures the data using encryption and the decentralized manner of retaining individual records across a wide group of operators of nodes, so that… READ MORE
In the recently published HFM Bermuda 2018 Special Report, Oyster Consulting (Bermuda) Director Henry Komansky and Consultant Chiara Soria reflected on the incoming AML/ATF regulation and the evolving necessities of board governance as the island’s regulatory scope increases. (Excerpts) The pace of regulatory change continues to increase and the BMA has recently published a number… READ MORE
The complexity and global popularity of cryptocurrencies has initiated cooperative efforts between the SEC and CFTC to understand and regulate these products. The agencies have jointly testified before Congress and displayed interest in developing meaningful regulations; both agencies have promised additional working groups to pursue joint regulations. On January 24, 2018, the SEC and CFTC… READ MORE
