Act Now – FINOP Changes Required October 1st

FINRA is changing its registration requirements for Chief Financial Officers (CFOs) and Chief Operating Officers (COOs).  The new registration rules take effect October 1, 2018. It is more than just a title change.  The requirement for certain firms to have a CFO/COO (requiring Series 27/28 licensing) is being applied to ALL firms, and the registration… READ MORE

FINRA Registration Reset

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

Digital Assets – The Future of the Financial Services Industry

  Are your clients asking about Bitcoin and other digital assets? Do you want to add digital assets to your business model? Are you wondering how blockchain technology is changing the face of the financial services industry?   If you answered YES to any of these questions, watch Oyster’s latest webinar:     In this… READ MORE

Bermuda Moving to Become Fintech Jurisdiction of Choice

Bermuda’s regulatory framework for digital assets, ICOs and virtual currencies As the digital asset and blockchain industries continue to gain ground among investors, brokers and exchanges, the island is hoping to capitalize on the new market.  Bermuda’s government has taken steps to strengthen its regulatory regime, making it a selling point for fintech companies thinking of… READ MORE

Oyster Consulting (Bermuda) Enacts Changes to Board Leadership

Robert Hall assumes position of Chairman of the Board; Brian R. Hall, OBE transitions to Chairman Emeritus HAMILTON, BERMUDA, August 15, 2018 — Oyster Consulting (Bermuda) Ltd. announced today that Brian R. Hall, OBE, former Chairman of the Board of Oyster Consulting (Bermuda) Ltd., has become Chairman Emeritus. Mr. Hall served as Chairman of the… READ MORE

Oyster Consulting (Bermuda) Chairman Receives Lifetime Achievement Award

Brian R. Hall, OBE, received the Fred Reiss Lifetime Achievement Award at the Bermuda Captive Conference last week.  A former director and president of Johnson & Higgins, he is credited with taking the island’s captive insurance industry to global relevance. Hall also served as chair of the Bermuda College and the Insurance Advisory Committee (IAC),… READ MORE

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